This past month has been one of my favorite months this year. There’s something very magical about September. The weather is still sunny and beautiful. Without being as hot as July and August. And the sun still rises early and sets late. It’s the perfect travel month for most parts of Southern Europe and Turkey. Most tourists have left and peace has returned.
My September this year was filled with lots of time spent outdoors. I kitesurfed, mountain biked, hiked, and went camping with friends. I explored new parts of Turkey with my van and had friends visiting me and my partner in Istanbul. Great joy. A wonderful month.
In terms of passive income September was a good month: My total passive income in September 2020 was 846.62 EUR (1,000.25 USD): – P2P lending: 491.43 EUR – Real Estate Lending: 156.41 EUR – ETF Dividends: 66.19 EUR – Stock Photos/Videos: 132.59 EUR
Total Passive Income from P2P Lending, P2P Real Estate Lending, ETF Dividends and Stock Sales.
Sunset in Bodrum in September 2020 (Aegean coast, Turkey)
Passive Income Breakdown:
October 2020 Passive Income Investment Portfolio
P2P & Real Estate Lending Overview – October 2020 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.
Mintos: The 32,100 EUR that I invested on Mintos gradually over the five past years, have since grown to 41,770 EUR. While some loan originators are struggling (As of September 2020, the amount of 2,682 EUR is currently “in recovery”), I am more than happy with that performance.
I am auto-invested in loans from 24 loan originators (all with ratings from A+ to B+) in 23 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 had adjusted my auto-invest portfolios at the end of June, lowering the minimum interest rate to 10%. I decided to accept lower interest rates and therefore only invest in loans from loan originators with A+, A, A-, and B+ ratings. As a result my interest income on Mintos in August was 327.27 EUR (=self-calculated interest rate of 9.51%.
My Mintos Dashboard October 2020
Twino: A great month for Twino! My total investment on Twino is 13.500 EUR and my monthly interest on the platform climbed to 126.07 EUR (= 10.68% p.a.). The average loan duration of my loans on Twino is currently 7.98 months. All loans are with a Buyback and Payment guarantee.
I am planning to increase my investments on Twino over the coming weeks.
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 October 2020
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 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.
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 43 real estate projects in Estonia, Finland, Latvia and Lithuania. 39 out of the 43 loans are performing on time. The other four are 12-28 days late.
My average interest rate on EstateGuru is 10.59% 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).
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 September, I received 156.41 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 October 2020
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.
Early mornings in Akyaka, Turkey in September 2020.
Exchange–Traded Funds (ETF) Update – October 2020 🥳
Even in times of COVID-19, I hold my opinion that investing in the MSCI World ETF back is one of the best and most cost-effective ways to save and invest long-term.
Why would I say that? Since I started investing in the MSCI World ETF in 2016, the value of the ETF has increased by 47.47% (despite the recent coronavirus-related shock in stock markets). The shares that I bought originally for 145.09 EUR a piece are currently valued at 204.51 EUR.Read more in my ETF portfolio post.
As of today, I am holding 85,767.77 EUR in MSCI World and MSCI Emerging Market ETFs. The value of my ETF portfolio decreased by 1.04% in September, which brings the year-to-date balance to -0.75%.
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 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. 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.
Evening stroll in Kuşadası along Turkey’s Aegean coast. September 2020.
That’s it for my October 2020 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 fall! Peter 👋
