Portfolio update – April 2025

Summary

With a slight delay I publish a new entry with an update of the portfolio. Despite the fact that I managed to earn 1000 euro, the portfolio’s efficiency fell below 10%. The main reason for this was cash outages on the Income, PeerBerry and Esketit platforms. I have taken a number of corrective measures, about which I write in detail.

In April I added another 3000€ to my wallet. The top up was for PeerBerry positions only. The aim is to make another attempt at the loyalty bonus.

News from the world of P2P lending: Mintos takes a loss for 2024 and introduces fees for non-standard strategies. Debitum takes over a lender’s late repayments.

I invite you to a detailed analysis.

Portfolio history (last 12 months)

Portfolio summary

(***) Due to the lack of certainty of the exchange position, the ETF was excluded from the total profit.

Bitfinex Lending*

As a reminder, in mid-January I changed my strategy to lending at 0.02% per day. Although the growth is better than in recent months, the annual rate is still unsatisfactory, i.e. well below 10%. The position needs further monitoring.

Graph of all loans sold in the system from the last month:

Mintos (Euro €)*

This month will be marked by major changes to the Mintos fee structure. But before I get to that, let’s take a moment to dive into the Mintos 2024 financial report released this month.

Despite a 9% increase in turnover, the company posted a loss of €2.09 million. The reason is clear: Mintos has recently invested heavily in changes to its website. IT costs have risen to almost €2.8m and staff costs have increased by a quarter. The transformation from a lending platform to a multi-asset platform covering ETFs, bonds, real estate, etc. is a bold but expensive undertaking. It has had a big impact on the bottom line, but it has certainly “motivated” Mintos to make an important decision.

That is, the introduction of fees for using non-standard strategies . The fee is to be 0.29% per year, and is to be charged only for new loans made by automated strategies after May 16. Manual investments remain free.

Will the fee affect my investment decisions ? I will definitely factor it into the outcome, it would certainly be more acceptable to me with a positive debt closure with Kviku. In that case I would know that the fees go towards legal costs against the lenders causing problems.

👉 If you want to start your adventure with Mintos platform, please check out my review: Mintos Review (2024): 14.89% return after 3+ years

Signing up using my invitation link, you will receive €50 for investing €1,000+ and a 1% bonus on the amount invested within the first 90 days.

Mintos (RUB ₽)*

As a reminder, since the war in Ukraine, the position has been in the process of being paid out . Currently, the last company to be repaid is Kviku. In early May, Mintos announced another change to the agreement. This time, the platform is in the process of renegotiating the agreement with a third party, taking into account potential geopolitical changes (e.g. potential peace, lifting of sanctions on Russia’s financial systems). From the news, it can be concluded that the debt repayment will not be made in one go, but will be spread over time .

Robocash*

Robocash publishes rebranding of the logo and the main page . Remembering the last version of the main page with a robot in the background, such a refresh was indeed useful. I hope that this is the beginning of bigger changes, also those related to the UX of the page available to investors.

As for the portal in Robocash, stable returns, no changes.

👉 If you don’t know how to start your adventure with Robocash. Feel free to check review and detailed description of my strategy: Robocash Review (2024): 12.65% return after 2 years

Esketit*

Another month on Esketit where I am struggling with cash outages, which has caused me to look at the secondary market more often than I would like. For this reason I decided to write an automaton that analyses the secondary market in search of profitable positions. This should solve the problem of non-working money available for investment in the near future.

👉 By registering using my invitation link, you will receive a 1% bonus on the amount invested within the first 30 days.

PeerBerry*

Platform news, PeerBerry has managed to surpass the threshold of 100,000 verified investors . At the same time, the company has reached the amount of 3 billion euros in funded loans – a real milestone in this industry.

At the same time, PeerBerry provides a financial report. over 570 thousand euro net profit, an increase of 32% y/y. It is worth noting that this report was not audited by an external company. However, the company has been operating this way for several years, and does not use the support of auditors.

Back to the portfolio, another tranche invested in PeerBerry. The goal is to reach 25k euros. Which will give an additional 0.75% bonus. If all goes well, the goal should be reached in the next month.

Income*

Another platform with cash outages , in this case unfortunately my ignorance of the diversification mechanisms in Income came to light, namely:

If you check the “ Diversify equally by Loan Originator ” option in your automated strategy , the platform will try to distribute investments equally among all marked lenders, including those that do not actively offer loans or are exclusive with other filters (e.g. interest rates higher than 12%). In my case, more than half of the marked loan originators did not qualify for the minimum interest rate filter at all!

This problem can be noticed by viewing the latest strategy launches (” view recent autoinvest jobs “), in which case the message ” LO in strategy already full ” appears

There are two solutions to this problem:

1. Or: Turn off diversification in your automated strategy.
2. Or: Adjust the number of selected lenders in the strategy settings.

I chose the second option, limiting the number of loan originators to those who qualify for the remaining filters. I wanted to maintain automated diversification. Details of all loan originators can be seen here https://getincome.com/loan-originators/

After changing the settings, the new items immediately dropped into the wallet.

Debitum*

Debitum reported this month that one of its loan originators is having trouble paying back. It’s Triple Dragons. A few months ago I mentioned Debitum’s ‘quiet’ downgraded from A to C. As you can see, this was a sign of trouble to come.

Although delays are nothing new in the world of P2P lending, the way they are communicated is very veiled. There is no information about the delay on the Debitum blog. Despite writing the post in mid-May, I still do not have a delay or even a “Grace Period” mark in my statistics. Why? I don’t know, it seems as if Debitum is hiding this information from investors after all. What is worse, it turns out that the mechanism for marking delayed positions is done manually, not automatically. As is the case with most P2P platforms.

On the other hand, Debitum boasted about its results for 2024. The company managed to generate a profit in the previous year. This is impressive considering the age of the platform itself.

However, until the issue with Triple Dragon is clarified, I am suspending investments here .

tutaj inwestycje.

ETF

Position currently in the observation and waiting phase, with no plans for changes in the coming months.

(**) Due to the nature of the stock market, income should be understood as potential until the position is realized.