June 2019 Portfolio Update – I Made over € 250 In Passive Income!

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The first half of 2019 passed already, that went fast! It’s sunny and the kids are almost having their summer holiday break. It’s time for my June 2019 portfolio update.

For new readers: I mostly invest in peer-to-peer lending. If you want to know more about it, you can check out my ultimate guide which explains everything you need to know to get started.

investments portfolio

My portfolio is a bit late this month as it’s already July 8. But I’ve been fighting with Google Sheets and luckily I won the battle! I’ve been working on a sheet with all the information on all the platforms I invest in. It was quite a bit of work, but now I’ve got a good overview.

Making the charts exactly how I wanted them was another struggle, but I learned a lot in the process, which is never a bad thing. And now I can make my own charts from my sheet.

So next month should be a lot faster and easier now I’ve got everything set up! Well, it’s time to dive into the numbers for my June 2019 portfolio update.

This post may contain affiliate links. Please visit my full disclosure policy for more details.

Monthly summary

  • Portfolio value: € 23,146.65
  • Deposits: € 1,000.00
  • Withdrawals: € 184.53
  • Passive income: € 279.99

The withdrawals are from Geld voor Elkaar and Funding Circle who pay monthly interest and principal on my bank account. I haven’t withdrawn any money manually.

Charts

The platforms

A short summary of every platform I invest in:

Geld voor Elkaar

  • Started investing: June 2017
  • Average interest rate: 7.72 %
  • Current value: € 6,348.03
  • Passive income: € 43.94

june 2019 update

Geld voor Elkaar (GvE) is a Dutch P2P platform. This platform was my first introduction to investing. The interest rates aren’t very high, especially compared to the other platforms I know now.

And there is no buyback guarantee or any other guarantee. For that risk, I want much higher returns to compensate losses. So, I’m not investing any more money into this platform.

One of my 16 projects is having problems and is declared bankrupt. GvE is still going after the money, so I can’t say yet if I actually lost money to that project.

GvE is really great at keeping their investors up to date about everything that happens.

Funding Circle

  • Started investing: August 2018
  • Average interest rate: 16.34 %
  • Current value:€ 1,285.24
  • Passive income: € 14.91

june 2019 update

Funding Circle is the second platform I started investing in. My experiences are from the Dutch platform from Funding Circle. They also have platforms in other countries, which might work and perform differently.

They don’t have a buyback guarantee, but the interest rates are up to 19%, which means there is room to compensate failing projects and still get a decent return.

But, out of my six projects, two are failing and don’t pay at the moment. When I look at new projects, it seems like FundingCircle doesn’t check everything thoroughly, because some loans I come across are just looking really bad.

It blows my mind why people still invest in such bad looking loans. People seem to have no clue what they’re doing and just invest their money.

Without any guarantee, or proper information about what’s going on, this is not the platform for me. I’m not investing any more money here.

Crowdestor

  • Started investing: December 2018
  • Average interest rate: 17.92 %
  • Current value:€ 3,645.03
  • Passive income: € 55.37

june 2019 update

Crowdestor is an Estonian P2P lending platform. Their projects are all businesses with interest rates up to 21%.

Since I started investing in Crowdestor back in December, I haven’t run into any problems or late payments.

They are still a fairly small platform and bigger projects take a while to fill up. This gives new investors time to transfer money and start investing. I have 12 active projects on Crowdestor now.

Today and tomorrow there are 2 new projects:

Mintos

  • Started investing: December 2018
  • Average interest rate: 14.09 %
  • Current value: € 2,609.21
  • Passive income: € 23.18

june 2019 update
Mintos is a large Latvian P2P marketplace. They have lots of loans available all the time, in the primary market & the secondary market. You can read my Mintos review to learn more about the platform.

Mintos interest rates keep going up, there are even 16% loans available now. Because of their new option, Invest & Access, Auto-invest has delays and it takes sometimes a lot longer than before to invest your money.

I sold my RUB loans this week through the secondary market (all sold the same day!), because the exchange rate was quite good at the moment compared to when I bought my Rubles. Plus the interest rates between Euros and Rubles aren’t that much apart anymore.

Having everything in Euros is easier and clearer to me as well.

Are you new to Mintos and want to start investing with them? Mintos offers a 1% cashback bonus on all of your investments made in the first 90 days, if you sign up with this link.

Envestio

  • Started investing: December 2018
  • Average interest rate: 16.63 %
  • Current value:€ 2,246.59
  • Passive income: € 30.79

june 2019 update

Envestio is an Estonian platform which has Business projects only. They are steadily growing and most projects are funded in an hour or even less. I reviewed them a while ago, you can read my Envestio review to learn more about the platform.

In June, they didn’t have any new projects. But at the moment they are planning a new partnership with a company that should

But they said they will soon have a new partner, which will provide lots of new projects. In the meantime my account is filling up a bit with the interest I gain, so I will have some money ready when a new project opens up.

I have 18 active projects and 3 projects that have ended successfully.

If you use this link to sign up, you will receive a bonus of € 5 (when you deposit at least € 100) plus a 0,5% cashback on all off your investments made in the first 270 days.

Grupeer

  • Started investing: December 2018
  • Average interest rate: 13.8 %
  • Current value: € 1.068,39
  • Passive income: € 12.26

june 2019 update

Grupeer is a Latvian platform which is a bit like Mintos, only still a lot smaller and their site is a bit more basic and lacks good information about your investments. But they are working on that.

I published my Grupeer review last month, so check it out if you want to learn more about them.

I plan to invest more into Grupeer when I’ve got funds again to invest. At the moment I’m only reinvesting my returns.

Crowdestate

  • Started investing: February 2019
  • Average interest rate: 15.51 %
  • Current value: € 519.43
  • Passive income: € 4.42

Crowdestate is an Estonian P2P platform. Their projects are all real estate. At the moment I’m just checking out how my projects perform. There are no guarantees, but of course there is collateral to sell when a project defaults.

One thing I don’t like about Crowdestate is that the minimum investment is € 100. This means that I can’t reinvest my returns for a long time, unless I put a lot more money into the platform.

Fast Invest

  • Started investing: February 2019
  • Average interest rate:  13.44 %
  • Current value: € 522.94
  • Passive income: € 5.63

Fast Invest still hasn’t published more information about their loan originators, which a lot of investors have been asking for. I’m not investing more money into the platform before I’ve got more information.

Also their interest rates are still stuck at a max of 13%. Without proper information and lower interest rates, I rather put my money in another platform, like Mintos.

Finbee

Currently I am selling my loans from Finbee. I don’t like their API, it feels messy, and there are no guarantees.

Everything combined, it’s just not one of my favorite platforms. So I decided to quit Finbee, withdraw the money when everything is sold and put that in another platform.

Robo Cash

RoboCash wasn’t investing my money anymore as there were no loans available. As this was only a small part of my portfolio anyway, I decided to sell my loans on the secondary market.

Everything sold quite quickly and I have withdrawn my money yesterday. Hopefully it will arrive soon so I can invest it in another platform.

Edit: I received the money the next day!

PeerBerry

  • Started investing: May 2019
  • Average interest rate: 12.63 %
  • Current value: € 507.13
  • Passive income: € 3.64

PeerBerry is still pretty new in my portfolio, so I can’t say anything yet about how they perform. So far everything is alright.

Their interest rates aren’t the highest, but the platform feels good and solid to me. So I will keep this platform in my portfolio and maybe invest a little bit more in a while.

Neo Finance

Neo Finance is a Lithuanian platform with mostly consumer loans.

It just isn’t my platform. I’m not feeling it. The API doesn’t look appealing to me, you have to pay for a buyback fund and they deduct taxes already. The tax part means I have to fill in papers to change that, as the Netherlands have an agreement with Lithuania about taxes.

Having said that, my husband (Mr FIM from now on) likes the platform very much, so it’s definitely personal if you like them or not. Mr FIM is writing an extensive review about Neo Finance at the moment and I hope to publish it this month.

I sold my loans and withdrew the money yesterday. Edit: I received the money the next day!

If you want to try out Neo Finance for yourself, use this link to receive a signup bonus of € 25.

EstateGuru

  • Started investing: May 2019
  • Average interest rate:  %
  • Current value: € 503.93
  • Passive income: € 1.86

EstateGuru is an Estonian real estate platform. They have the lowest interest rates of all the platforms I invest in, so I don’t know if I’m going to invest more money here. For now, I’m going to check out how my investments are doing to see if I like this platform.

The minimum investment is € 50. This means that I can’t reinvest my returns for a while as I only have a small amount on the platform.

If you want to invest in EstateGuru, be sure to use this link to receive a 0,5% cashback bonus on all of your investments made in the first 3 months.

Agrikaab

  • Started investing: May 2019
  • Average interest rate:  32 %
  • Current value: € 1,402.56 ($ 1,556)
  • Passive income: € 62,36 ($ 70)

My camel – I named her Poekie ;) – from Agrikaab is doing great as far as I know.

I received my first payment of $70 (€62) this month! The next payment is visible in the app already and should be about $119. As they pay quarterly, I will receive that payment October first.

They are continuously growing and expanding their business. With more camel farms, more greenhouses and a shop recently as well for local farmers. I really hope they will succeed, as I just love how they want to help the people in Africa in various ways.

Reinvest24

Reinvest24 is a new platform which is based in Estonia. They are different than the other real estate platforms. With them, you can become a landlord, without all the hassle and the big amounts of money you normally need to own a property.

If you want to know more about them: last month I published my Reinvest24 review and an interview with their CEO.

As they are still new and don’t have a lot of investors yet, it takes a while for the projects to fill. None of the projects I invested in are fully funded yet, so I haven’t received any payments yet either.

Kuetzal

  • Started investing: May 2019
  • Average interest rate:  20.3 %
  • Current value: € 1,027.08
  • Passive income: € 17.08

Kuetzal is a fairly new Estonian real estate platform. They offer high interest rates and have a buyback guarantee in place.

In June I received my first interest payments, all 5 projects paid on time. As I just started investing in them, I can’t say much about their performance. But I will keep you updated on my investments with them.

BulkEstate

In June I transferred my first money to BulkEstate. Everything went smoothly so far. The projects I invested in don’t pay interest every month. So my first passive income from BulkEstate will arrive in May 2020.

I’ve put € 500 on this account and invested it into 2 different projects.

DeGiro (Stocks)

Recently I signed up with DeGiro and bought my very first stocks. As I don’t really have a clue about stocks yet and haven’t had the time to dive in, I just bought one stock (Vanguard FTSE All-World UCITS ETF) for now, just to check out the platform.

I plan to put more money into this particular EFT this year.

How is the blog doing?

Whew, I crossed the 6-month-mark with my blog! And am far from quitting, because I still love to do it.

I was working on a second blog, but decided to make FIM a broad personal finance blog after all and want to spend a lot of my time on this blog where I already have build up a little audience :)

In the meantime I’m also working on a Dutch version of FIM. I will let you know when it’s online, in case you like to check it out.

Statistics

My sixth month of blogging:

  • 3490 pageviews (was: 3911)
  • 1564 visitors (was: 1778)
  • 65 Facebook likes (was: 43)
  • 659 followers on Twitter (was: 552)
  • 119 followers on Pinterest (was: 103)

My pageviews dropped slightly, but my social media accounts did keep growing.

Conclusion

My passive income grew again this month. It’s over € 250 now. Next month will be a little bit less, as Agrikaab only pays quarterly. But it will probably be close to € 250.

FIM isn’t making much money yet, so I don’t have funds to invest more money at the moment. And I don’t want to cut into my emergency fund. So I will only invest my returns for a while.

This is all for June. Hopefully you had a good read and I hope to see you again next time.

Kind Regards,
Janneke

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This Post Has 6 Comments

  1. So nice you reached your goal of 250 euro in a month. Congratulations!

    1. Thank you! :)

  2. Congrats on hitting the €250 mark thanks to Poekie – I love that name lol. Really that is a great milestone that you’ve hit! Especially your diversification is great, plus I love the details per platform.

    I’ve started putting money in Envestio after reading your review, waiting for new projects and excited to start investing with them as well. So far I’m investing in funding circle, Grupeer and Mintos.

    Excited to see how your passive income will grow further over the next months!

    1. Thanks!

      Envestio said today that new projects will probably be available in about 1-2 weeks. So just wait a little longer. Their projects tend to fill up quite fast, so I should put some money on the platform so you’re ready when a new project you like is published.

      Grupeer & Mintos are both great! My other favorite is Crowdestor, you should check them out as well. I’m planning to review them soon :)

      I’m excited too! Wondering how far I will get in the next couple of months with only reinvesting my returns. Then I will really start to see the result of compound interest :)

  3. Congrats Janneke! A quarter of a thousand pays a lot of bills already!

    Great that you’ve started with stock markets too. It’s important to diversify across multiple asset classes. P2P is very risky in the sense that capital is not really protected very well, as opposed to stocks, where you own piece of the business.

    But who am I to say that :) Half of my investments are in P2P

    1. Tnx!

      Yeah, I want to diversify more into different categories. I want to put more money into stocks and maybe some day some real estate. But don’t have the funds for that at the moment unfortunately.

      Some day, when my blogs are making a decent income ;)

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