Portfolio update – March 2023
How to achieve financial freedom?It’s easy to say. It’s harder to achieve. For the future me is this journal entry. Starting from the year 2021, I describe the long way, point out the successes and the wrong decisions that I have made. I hope it will also motivate you to build your financial independence.
Summary
Mintos in euro is going crazy, ruble is slowing down, Robocash as always provides stable returns, and finally the ETF fluctuates up and down.
This month, I hold on deposits. I am experimenting with savings accounts, where offers provide up to 8% return. Thanks to immediate access to money, they offer a significant advantage over p2p platforms.
I invite you to a detailed analysis. Let’s start with a portfolio summary.
Portfolio summary
| Position | Value | Profit |
| Bitfinex Lending | €9 960 | €0 |
| Mintos (EUR) | €9 630 | €182 |
| Mintos (RUB) | €4 244 | €12 |
| Robocash | €7 431 | €69 |
| ETF | €2 486 | €77 |
| Total | €33 751 | €340 |
Bitfinex Lending*
It continues its strategy of catching demand spikes above 4-5%. This month’s offers did not even exceed 0.1%. I plan to maintain the strategy at least until mid-year.
Below is a chart of completed offers from the last month:
Mintos (Euro €)*
Despite the record result in February, March was even better. The best Mintos (EUR) result since the beginning of the investment. The main reason for such success is a significant reduction in the level of overdue loans by almost EUR 2,000.
This month, a new version of the overdue loan summary was introduced, so you can analyze any company that is late repaying its liabilities. Screenshot below
It is clear that the platform does not ignore the issue of overdue loans.
Mintos (Rubel rosyjski ₽)*
Portfolio position during the withdrawal process. There are the last two companies left with loans in rubles. IDF EURASIA has been paying back and Kviku receivables for several months. Unfortunately, they are not optimistic.
Summarizing the actions taken, Mintos starts a lawsuit against Kviku.
If you are interested, please visit the Mintos blog where you can follow the ruble thread.
Robocash*
In one sentence, another month of stable returns.
Unfortunately, due to recent interest rate cuts at Robocash, I have to lower the expected returns for new loans in my investment strategy.
YieldNodes
Portfolio item undergoing liquidation.
YieldNodes without major changes, investment in suspension. I’m posting some news that appeared in the last month:
- Yieldnodes is finalizing the launch of its own NFT-based certificates
I freeze the position in the portfolio until mid-2023, if nothing happens → I write it off as a loss.
ETF
I would summarize the last six months into one word: sinusoidal. It jump between growth and decline, which shouldn’t surprise me – after all, it’s the stock market. But what is important, if we look at the position in relation to the initial amount, we get a good profit.
(*) 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.