Welcome to my September 2019 Passive Income Update. September was a beautiful month (September is actually my favorite month of the year). My passive income in September totalled 857 EUR (~931 USD) which is slightly less than August, caused by slighly lower returns from Mintos and fewer Stock video sales. Maybe everybody was still on summer vacation? More below.

In my August Passive Income Update, I talked about compound interest and how my investment portfolio keeps growing by itself – without me adding additional funds. I created a small graph to visualize the growth of my P2P Lending Portfolio over the past 5 months (without adding new investments!). It’s pretty crazy!

Value of my P2P Lending Portfolio (Mintos, Swaper, Grupeer, EstateGuru, Crowdestate)
View from my temporary apartment in Bangkok.

Back to the September update. I have been enjoying most of September on a short-term work assignment in Bangkok, one of my favorite cities in the world. It was really fun to go back to a 9-to-5 work environment for a bit more than 2.5 weeks. I was reminded what it feels like to work 50-hour weeks and to spend all day every day in an office building.

It does have its pros and cons. It’s nice to grab lunch with colleauges. It’s nice to chat with coworkers and to be a part of a hard-working team and to stay late at the office. It gives one a feeling of purpose. But time passes so quickly. Days turn into weeks. Weeks turn into months. And I started asking myself again whether this is how I want to spend some of the best years of my life? 🤭

As planned, I left Bangkok at the end of last week and I am writing today’s blog update from Kaohsiung, the second largest city of Taiwan. It is absolutely beautiful here and I love Taiwan. I am glad to be back to a more agile, independent, and remote working lifestyle. 👨‍💻

A quote that stuck with me recently: And then there is the most dangerous risk of all — the risk of spending your life not doing what you want on the bet you can buy yourself the freedom to do it later.”

Randy Komisar

My passive income investment portfolio managed itself this past month on auto-pilot and required absolutely no work. This allowed me to focus on my work assignment without worrying about my finances. I adjusted my Mintos auto-invest portfolio once to adjust to decreased interest rates and that was it!

Now, on to my passive income numbers for September 2019!

September 2019 P2P-Lending Interest Rates
September 2019 P2P-Lending Interest Rates

September 2019 Passive Income Update

My total passive income in September 2019:
– P2P lending: 598.28 EUR
– Real Estate Lending: 19.74 EUR
– ETF Dividends: 96.15 EUR
– Stock Photos/Videos: 143.71 EUR

TOTAL: 857.88 EUR (~931 USD)

P2P Lending & Real Estate Lending Update – September 2019

Total Passive Income September 2019
Total Passive Income from P2P Lending, P2P Real Estate Lending, ETF Dividends and Stock Dividends.
P2P Lending PlatformSept'19 Interest IncomeSept'19 XIRRTotal Investment
Mintos€ 315.2211.08%€ 29,000.00
Swaper€ 136.0314.08%€ 14,000.00
Grupeer€ 147.0313.94%€ 12,000.00
Estateguru€ 16.08-€ 2,000.00
Crowdestate€ 3.66- € 2,000.00

P2P & Real Estate Lending Overview – September 2019 Passive Income Update

As part of my September 2019 passive income update, here is a quick overview of passive income that I am earning from three (3) P2P Lending and two (2) Real-Estate P2P Lending platforms that I am investing in.

  • Mintos: Mintos remains my favorite platform. Mintos is definitely getting very popular and the dreamy days of 12-14% loans might soon be over. Last week I updated my Mintos auto-invest portfolio changing the minimum interest rate to 9.5% (still only acceping loan originators with A+, A, A-, B+, and B rankings and with BuyBack guarantee).

    I have a total of 29,000 EUR invested on Mintos which represents 24% of my total investment portfolio. The money is spread across 24 loan originators (all with ratings from A+ to B) in 20 countries, which gives me a good diversification. My interest income from Mintos in September was 315.22 EUR with a self-calculated interest rate of 11.08% p.a.

    What else? It’s been really incredible to see how well and reliable the
    Mintos platform has been performing while the company continues to grow fast. Thousands of investors from all over the world join the platform every month and despite the huge influx of investors, the platform performs extremely well and plenty of loans ranging from 8-10% with BuyBack guarantee are available.

    If you are new to Mintos, have a look at my Mintos review which includes my auto-invest settings.
Mintos is about to hit 200,000 P2P Investors globally
Mintos is about to reach 200,000 P2P Investors globally

  • Swaper: This past month has been my best month with Swaper. As a “VIP investor” (as I am investing more than 5000 EUR), I am auto-eligible for their 14% interest loans with BuyBack guarantee, which has been a blessing. I am fully invested with my 14.000 EUR on Swaper and receive 178,67 EUR per month in interest (= 14.08% p.a.). I am planning to update my review of the Swaper platform over the coming days as I am planning to add more funds to my portfolio (Iong overdue!). I am extermely happy with Swaper’s performance and on-time payments, especially seeing other platforms struggeling to add new loans for investors.

    I can recommend this recent Video Interview with Swaper‘s CEO & Founder Iveta Bruvele where she shares some interesting background of the company and their future plans.

    What else? All new investors signing up through this link will receive Swaper Loyalty Bonus for the first three months. This means instead of a 12% profit, they’ll earn 14% from day one! 💸 (Promotion lasts until 2 November 2019).
Swaper Award as the best P2P European Loan Platform 2019
Swaper Award as the best P2P European Loan Platform 2019

  • Grupeer: My trust and confidence in Grupeer continues to grow. My 12.000 EUR are fully invested and I received 147,03 EUR interest in September (= 13.94% interest), which were immediately re-invested (compound interest!) without any cash drag.

    Grupeer is currently growing at around 15% per month, which is a good indication of how the P2P Lending industry is booming. Despite the many new investors, plenty of loans are available (all protected with BuyBack guarantee) and Grupeer communicates to their investors that they work hard in order to maintain their “zero default” record.

    What else? Grupeer has a 1% Cashback offer for new Investors investing 5,000 EUR on the platform between 1-6 October 2019. The offer is active only from 1-6 Octover 2019 and works through this link. Read my updated Grupeer review to see my auto-invest settings and to see what to look out for when investing on Grupeer.
Grupeer has a 1% Cashback offer for new Investors investing 5,000 EUR on the platform between 1-6 October 2019. The offer is active only from 1-6 October 2019 and works through this link.

  • EstateGuru: Five out of six investments are performing on-time. One investment continues to be delayed by a few days. It appears that the lender makes his payment exactly 30 days after due date. I can live with that as I receive an additional indemnity/penalty payment of 18.25% p.a. to all interest payments that have been overdue for more than 4 days. I am not too worried about the loan as the loan collateral is a first rank mortgage on a residential building with an LTV of 25.6%.

    Most of my loans on EstateGuru are either bullet or full bullet loans, which means that either principals or both interest+principals are being paid in full at the end of the loan period. Unfortunately, that means that some months I receive large interest and principal payments, some months I receive nothing. I recently updated my EstateGuru review in which I explain details as well as show how to receive a 0.5% bonus as a new investor.

    What else? I just saw that EstateGuru has some interesting new loans available and I am considering to invest my September salary on EstateGuru. Project #2710 looks very interesting: An 18-month loan with an LTV of 36.4% (in the first stage) and an interest rate of 11% p.a.. The loan is to initiate the construction of an apartment building with historic architecture in the historic Vilnius Old Town (Lithuania).
Project #2710: 18-month loan with an LTV of 36.4% and an interest rate of 11% p.a.. The loan is to initiate the construction of an apartment building with historic architecture in the historic Vilnius Old Town (Lithuania).

  • CrowdEstate: 5 out of 7 loans are on-time. 2 loans continue to be slightly delayed, but payments (+ late fees) arrive usually within a few days after the official due date. Similar to EstateGuru, most loans on Crowdestate have irregular principal and interest payments, which is somewhat annoying (for accounting purposes) – but just part of the Real Estate Crowdfunding World. Due to the nature of the investments (mostly real estate development projects), interest and principal is often paid every 6 or 12 months, or at the end of the loan period.

    I have invested 2,000 EUR in CrowdEstate which have been auto-invested in 7 loans with an average interest rate of 12.58 % per year. As I had mentioned in earlier reviews, I prefer EstateGuru over CrowdEstate due to their more stringent diligence and better-secured loans, in return for slightly smaller interest rates.

ExchangeTraded Funds (ETF) Update – September 2019 🥳

Still no sign of a global economic recession when looking at the MSCI World ETF, rather the opposite: My MSCI World ETF incresed in value this past month from 193.52 EUR to 198.58 EUR. 🥳

Talking about my ETF portfolio: This year my ETF portfolio has gained 21.87 % in value. Since I started in 2016, the value of my portfolio has increased by 41.47%. In EUR terms, that means that the 63,000 EUR that I invested slowly since 2016, are today valued 76,946.51 EUR and I received an additional 2734 EUR in dividends over the past three years (which I used and spent as passive income).

My ETF Portfolio since beginning of this year (c) justetf.com
My ETF Portfolio since beginning of this year (c) justetf.com
Overview of my current ETF portfolio (c) justetf.com
Overview of my current ETF portfolio (c) justetf.com

That’s it for my September 2019 Passive Income Update! I hope that all of you are enjoy the beauty of the early days of fall 🍁. If you like to, please follow my journey on my Facebook Financial Freedom Journey page for more frequent updates. And as always: If you have any questions or comments, please pop them in the comment section below or get in touch via Facebook or Email.

All the best and happy October,
Peter 👋