January 2021 Passive Income Update – My passive income streams
Here is my January 2021 Passive Income Update.
Returning to Istanbul in early December 2020
What a bizarre December. What a bizarre holiday season this year. So much of the end-of-year and Christmas magic has been compromised by the COVID-19 pandemic this year.
This being said, in terms of passive income, December was a good month though. My total passive income in December 2020 was 828.06 EUR (1,015.39 USD): – P2P lending: 503.14 EUR – Real Estate Lending: 135.23 EUR – ETF Dividends: 66.19 EUR – Stock Photos/Videos: 123.50 EUR
Total Passive Income from P2P Lending, P2P Real Estate Lending, ETF Dividends and Stock Sales.
Istanbul has so many spectacular views. Here the Halic in December 2020.
Passive Income Breakdown:
January 2021 P2P-Lending Interest Rates
P2P & Real Estate Lending Overview – January 2021 Passive Income Update
As part of my January 2021 passive income update, here is a quick overview of passive income that I was earning this past month from three (3) P2P Lending and two (2) Real-Estate P2P Lending platforms that I am currently investing in.
Mintos: The 32,100 EUR that I invested on Mintos gradually over the five past years, have since grown to 43,248 EUR. While some loan originators are struggling (= about 2,811 EUR of my portfolio is currently “in recovery”), I am more than happy with the performance of Mintos.
I am auto-invested in loans from 23 loan originators (all with ratings 7 and 8) in 22 countries. Certain loans are up to 60 days delayed (especially now during COVID-19), but all loans have a buyback guarantee which is working well.
I adjusted my auto-invest portfolios after Mintos changed their ratings to the new scale (investing in loans with rating 7 and 8) in November, adjusting the minimum interest rate to 10.5%. As a result, my interest income on Mintos in December was 382,41 EUR (=self-calculated interest rate of 10.72%.
My Mintos Dashboard in January 2021
Twino: A great month for Twino! My total investment on Twino is 13.500 EUR and my monthly interest on the platform was 120.32 EUR (= 9.95% p.a.). The average loan duration of my loans on Twino is currently 5.6 months. All loans are with a Buyback and Payment guarantee.
I am planning to increase my investments on Twino in the coming months… once my November and December salary arrives.
What else? TWINO has launched a referral program. New investors who sign up with this link (https://financialfreedomjourney.eu/Twino) and invest at least 100 EUR, will get a 15 EUR bonus (as well as I receive a 15 EUR bonus).
My Twino Dashboard in January 2021
EstateGuru: Besides Mintos and Twino, EstateGuru is another key investment pillar of mine. My total investments on EstateGuru are 16,000 EUR which are invested in 46 real estate projects in Estonia, Finland, Lithuania, Latvia, Germany, Sweden, and Spain. 8 loans are currently slightly behind schedule (4-60 days late)
My average interest rate on EstateGuru is 10.70% p.a. For me EstateGuru is a great platform to diversify my risk by investing in real estate loans that are secured with a first-rank mortgage (physical security). Since my first investment on EstateGuru in 2019, 22 projects have successfully been repaid.
As I mentioned in previous posts, almost all 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. In December, I received 135.23 EUR in interest payments.
What else? My EstateGuru review explains details as well as shows how to receive a 0.5% bonus as a new investor in the first three months. EstateGuru currently has some new loans available (11.5% p.a. & 12.00% p.a.).
My EstateGuru Dashboard in January 2021
Swaper:Despite my positive experience on Swaper, I decided to gradually leave the platform due to its small size in comparison to Mintos, Twino, and EstateGuru. I put my auto-invest on hold in June 2019 and have gradually withdrawn the returning principal, buyback and interest payments. All withdrawals arrived in my bank account within 48 hours.
I started investing on Swaper in August 2018 and have only made good experiences with Swaper over the past two years. My total investment reached 14,000 EUR at one point and my total accumulatedinterest after two years of investing on Swaper is 2,503.60 EUR (= 13,58 % XIRR) which is an incredible result.
What else? Swaper is still running its promotion offering new investors who sign up through this link and invest 5000 EUR or more a 16% interest rate on all new investments during the first three months. The bonus will be activated after the first successful payment.
CrowdEstate:As I have mentioned in previous posts, my experience on CrowdEstate is very mixed and I am on my way out. I have 5 investment projects remaining, 3 of which are significantly delayed (90+ days) and bankruptcy has been filed against one borrower (H.M Seafood OÜ).
I suspended my auto-invest on CrowdEstate in January 2020 and withdrew my first 600 EUR in early February and another 450 EUR in March. The transfer arrived the next day, which was great. After my withdrawal, I still have a total of 950 EUR invested in CrowdEstate, which I will slowly withdraw as principal and interest payments are arriving. I have the option to sell my remaining loans on the secondary market for a 2% sell free, which I decided to not do as I am in no rush.
Istanbul during COVID-19 in December 2020.
Exchange–Traded Funds (ETF) Update – January 2021 🥳
Even in times of COVID-19, I hold onto my opinion that investing in the MSCI World ETF back is one of the best and most cost-effective ways to save & invest long-term (e.g. for retirement) while earning passive income from dividends.
Why would I say that? Since I started investing in the MSCI World ETF in 2016, the value of the ETF has increased by 57.63% (and this despite coronavirus-related shock in stock markets last year). The shares that I bought originally for 145.09 EUR apiece are currently valued at 225.58 EUR.Read more in my ETF portfolio post.
As of today, I am holding 96,299.40 EUR in MSCI World and MSCI Emerging Market ETFs. The value of my ETF portfolio increased by 1.53% in December 2020, which brings the year-to-date balance to 6.33% which is very decent given the situation the world is in.
My ETF Portfolio since beginning of this year (c) justetf.com
My 1,000 EUR monthly ETF savings plan
Many of you will know about my 1,000 EUR monthly ETF savings plan, which I started exactly one year ago. I talked about in my January 2020 Blog Post. It’s automated, runs in the background, and keeps buying MSCI World ETFs worth 1,000 EUR on the first of every month. It’s a fantastic way of cost-averaging and keeps me committed to my financial savings goals. Thanks to my savings plan, since I started it, I have saved 12,000 EUR. 🥳
More about my ETF savings plan and why it was such a great idea to go back to an automated saving plan in this blog post.
Returning on an empty flight to Turkey in December 2020.
That’s it for my January 2021 Passive Income Update! If you are interested, please follow my journey on my Facebook page Financial Freedom Journey 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.
Stay healthy and enjoy the first days of 2021! Peter 👋
