June update: 2,122 € passive income


Another very interesting month behind and a big step closer towards financial freedom. My first stage goal is 3,000€ in monthly passive pre-tax income, which translates to 2,100€ post-tax. As per my previous post, my monthly expenses are about 2,200€, so the goal doesn't currently completely cover my expenses, but, there is definitely some wiggle room in my budget (ehm. travel) for me to still live very comfortably with what I'm targeting.

It was a slower month, so visitors dropped slightly to 576.
Subscribers grew to 44, twitter followers to 540 and Pinterest followers  to 59. It's a start, but it'll take time. Spread the word!

But, *drumroll* I did get 184 € blog revenue! Only 10x that and it'll almost cover my monthly expenses. 10x is a lot, but it's realistic. I'll be there in two years.

Let's get to the actual content, what you're here for. Passive income of this month: 👇🏻

annualized* income
Bondora 17% 704 €
Lainaaja 7% 613 €
Swaper 14% 248 €
Mintos 12% 208 €
Envestio 18% 139 €
Robocash 12% 98 €
Dividends 1% 84 €
Grupeer 14% 11 €
Kuetzal 13% 10 €
Twino 12% 3 €
Rent 4% 1 €
Agrikaab 32%** 0 €
Crowdestor 0 €
Viainvest 1 €
Peerberry 1 €
Fastinvest 1 €
Total 2 122 €
* Best guess of long-term return on investment
** Agrikaab pays out quarterly

I'm 71% at my goal. This does not include blog income (184 €) and I have deducted loan principal payment of rental apartment (260 €) from rent. Blog income isn't passive really and with the apartment, it's income I don't really have access to.

Goal: 2,122 € / 3 000 € in passive income
71 %


Passive income of other bloggers

There are quite a few European passive income blogs. The below chart gives a good picture of how we're progressing. Last month the chart grew with investmentjourney.eu and crowdexpert.eu, glad to have you! Check out the full chart 👇🏻






This time, I'd recommend to head over to flowfin.tech and admire the graphs! Martin at flowfin.tech is going to quit his job in less than a month to work on his Flow App, which makes it simpler to track your P2P portfolios across multiple platforms. Too bad Martin that your blog is in Spanish! Martin also has a list of FIRE blogs, which I'm sure you'll find interesting.

Bloggers, if you wish to join the above graph, just drop me an email, or read more instructions.

+2,355 € increase in invested capital


This chart contains capital changes in May. Positive numbers is net capital added (including reinvestments), negative numbers are net principal paid back. This includes only capital that got invested, which is why e.g. in the case of Swaper's cash drag the invested capital was actually reduced.

I think I was able to finally fix Swaper's cash drag, so next month should not be as far into the red.

I added again 4,000€ in stocks, following ValueSignal's recommendations. I'm reducing my Bondora account, despite tremendously good performance, to diversify my portfolio. Lainaaja is, as I have mentioned before, running down their P2P operations, but loans are healthy there still.

As you can see, there are quite a few new platforms again. I have decided to tip my toes into as many platforms as seems feasible in order to diversify my portfolio and thus reduce risk.

Here's what my most significant wealth looks like in categories this month.



As the pie grows, I notice getting more concerned about diversification than maximising returns. The size of the pie is about 391,000 €, and has gone down from previous month mostly due to stock market performance, cash drag and because I have to accumulate some cash for the tax man.

A deeper look into the 2,122 € monthly passive income




Passive income made an all-time high at 2,122 €. Wow! That's some serious money - over 25,000 annually! Lots of people live on less. Unfortnuately, I need 26,477 post tax to support my current lifestyle. There's still some way to go.

Let's zoom in on the different sources, shall we. Grab a coffee.

Lainaaja


Interest from Lainaaja is falling as I am withdrawing the principal from this marketplace. I got a total of 613 € from Lainaaja in May 2019. I've mentioned previously that it was a mistake to put everything in one basket with Lainaaja and I was in the process of divesting my Lainaaja portfolio anyway when they announced that they will stop the P2P business.

Even though the Lainaaja portfolio is over 3x my Bondora portfolio, the returns are smaller.

Bondora



With still 29,471 € in Bondora, I got 704 € in interest. That's 33% per annum. The unfortunate part is of course that not all principal is recovered, which means there will be some defaults and losses.

To try and estimate what your overall annual returns end up being, there needs to be some assumptions, like how much will you need to write off from your principal. I'm going to keep developing my own Google Sheets for this purpose, which currently gives me a guess of 17% IRR, while Bondora expects 20%.

I've decided decrease my portfolio in Bondora to balance it with other platforms. I'm not going to sell the portfolio nor will I convert to Go & Grow, since I'm interested in how the late loans behave. Stick with me!

There's now also a proper review on Bondora, you should read it!

Mintos



I'm really happy with Mintos as it's just a steady performer. Revenue from the platform was 208 € in March which is about 11,8% per annum. There are no surprises, things just work. Mintos is a solid back bone of my P2P portfolio.

I don't mind getting interest rates like 18%, but it's hard to see that being sustainable. I would be thrilled to get even 10%+ on a long-term and with the muscles Mintos has, it is well equipped to weather some bad times, too.

If you haven't checked out my Mintos review, please do so!

Swaper


The Swaper portfolio is dropped to 18,954 € due to cash drag. With an income of 248 € it stands at about 16.9% annualized returns. This is arbitrarily high due to me lifting principal away from the platform during the month.

I'm entitled to a 2% loyalty bonus and most of my loans are 11%, over time I should be looking at roughly 13%+ returns.

Since Swaper has had a bit of cash drag, so I've been taking principal away from the platform and started a bunch of new ones.

Swaper is a fairly hands-off platform. To tackle cash drag, I created multiple auto-investment profiles. I believe it means I'm investing in the same loans many times over, but since Swaper has full buyback guarantee and since they're backed by a larger organization, I am taking the risk.

RoboCash



RoboCash accepts deposits up to 10,000 € only, so that's what I did. That has now grown to 10,221 € and yielded 98 € interest in May, which is about 12% annualized.

RoboCash is a completely hands-off platform. I have a full review on RoboCash too. Please do read it!

Grupeer


I have 1 023 € invested in Grupeer and for now, so the returns aren't so very high either: 11 € for April, but it does translate to 13.6% annualized.

Most of my investments are in 13%-interest amortized business loans, with buyback guarantee. That is pretty sweet. I'm very much starting to like Grupeer and will likely increase my investment there.

Here's my review on Grupeer.

Envestio


I have now 10,150 € invested in Envestio and got 139 € interest paid in April. That translates to 18% annualized.

Through Envestio, I've invested in aluminium production, fruits wholesale, urban mining, sawn timber and wood pallets. All are secured debt and Envestio has a 90% buyback guarantee themselves.

Envestio has become so popular that most of their projects fill up in hours, so, if you are looking to get on board investing through Envestio, it's a good time to sign up and transfer money ready to your account. When you sign up using my affiliate link, you'll also get a 0.5% bonus interest for the first 270 days.

Stay tuned for a proper review on Envestio!

Crowdestor

There are so many great marketplaces to choose from, so it took me a while before I got around investing in Crowdestor. So far I have only put 6,000 € in one project: INCH2. The company's sales growth is staggering and they are looking for funds to fuel that growth. They're also global, having access to Russia, Asia and United States. The project is still open until 5th of June. The interest is 18%, backed by Crowdestor's BuyBack fund as well as a commercial pledge by the borrower on the stocks funded.

No change from last month.

Other upcoming platforms

Trine: I invested 1,000 € in a one-year project to offset 4 people's CO2 emissions, with an expected interest of 7%. I wrote about it in the previous blog post.
I also opened accounts and invested 1,000 € in Kuetzal, PeerBerry, Bulkestate, Fastinvest and Viainvest.

Agrikaab

The camel 🐪 is doing very well, thank you.

I have previously told that I bought a camel on Agrikaab and it cost me 1 375 €. In March, I got 17 € in milk dividends, but since Agrikaab pays milk dividends only quarterly, for this month and for April, there isn't any income.

Normally the camel would pay dividends of 8%, but due to unrest earlier this year, that will be 6% for this quarter. I should therefore expect 83 € in the end of June, which still is 26 % annualized.

For those of you interested in reading more about Agrikaab, check out the review I wrote on them.

Thanks for reading

Thank you so much dear reader for visiting! I hope you've subscribed! I think I will need to start writing some more review content on the site, let me know if there's a specific one that would interest you.


And before you leave, why don't you say hi? 😊 👇🏻


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