Portfolio update – August 2024
How to achieve financial freedom? Through systematic investing. It’s easy to say, but more difficult to maintain consistency. This journal entry is for my future self, to record the entire – long journey, successes, and mistakes I’ve made, rather than just the final result. I hope it will motivate you to build your financial independence.
Summary
The holiday season pass. In terms of platform news, August was an unusually quiet month. I have a plan to launch a small revolution next month, freeing up some cash and adding another platform to my portfolio. More details in the September update.
But for now, please check out the update:
Portfolio history (last 12 months)
Portfolio summary
| Position | Value | Profit |
|---|---|---|
| Bitfinex Lending | €10 671 | €0 |
| Mintos (EUR) | €14 458 | €124 |
| Mintos (RUB) | €2 696 | €0 |
| Robocash | €11 912 | €99 |
| Esketit | €6 085 | €41 |
| PeerBerry | €3 116 | €22 |
| ETF | €3 222 | €117** |
| Total | €52 158 | €287*** |
(***) Due to the lack of certainty of the exchange position, the ETF was excluded from the total profit.
Bitfinex Lending*
The last few months have not been optimistic. Interest rates on Bitfinex have fallen dramatically, to the point that no loans were granted in the previous month. Despite the lower limit of the strategy set at around 11%.
I have already started the process of withdrawing money from this platform at the beginning of September. The plan is to leave about 1/3 of the current value on the platform.
Graph of all loans last month:
Mintos (Euro €)*
Last month I reported about a new lender, Nera Capital. This month, Mintos has another one, AvaFin . Offering Mexican loans at 10-12% interest.
Many people may recognize the name of the company. The same lender offers its loans on Esketit. If we are already investing on the Esketit platform, it is worth to consider update your strategy.
About the monthly summary, I noticed that new loans were positively affected by the recent interest rate increase, there are positions with an interest rate of 13.5%.
Following recent issues with lender Planet42, which received a Mintos Risk Rating of 7.4, I have updated my strategy to pay more attention to individual components. In particular case,“Buyback Strength” component, and I have excluded those below 6.5.
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 (Rubel rosyjski ₽)*
As a reminder, since the war in Ukraine, the position is in the process of being paid out. Currently, the last company left to be paid out – Kviku. In December 2023, Mintos announced that it had signed an agreement with a third party to buy out receivables from Kviku, unfortunately since then we are still waiting for further moves.
Robocash*
Robocash position stable and unchanged, still returns at 10%, already very close to the psychological limit of €100 per month. Despite the lack of available loans, no problems with cash drag noted.
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*
The Esketit platform is a positive surprise, I have been investing since the beginning of the year. All delays are paid off on an ongoing basis. Due to this, I increased this part of the portfolio by depositing 1.5k€.
By registering using my invitation link, you will receive a 1% bonus on the amount invested within the first 30 days.
PeerBerry*
Unused cash is a concern on the PeerBerry platform. Additionally, short-term loans do not help maintain a stable portfolio. Position for further analysis.
ETF
ETF position still on an upward trend. No major changes here, no plans to increase this position.
(*) I play open cards. Links marked with an asterisk are affiliate links. If you use them, I will receive a commission. It won’t cost you anything, and often you will get a bonus too – More information can be found on the pages under the specific links.
(**) Due to the nature of the stock market, income should be understood as potential until the position is realized.