My portfolio update: February 2021
Yes, a month of overcoming. February has outperformed January: €402 profitability with €28,600 invested in European platforms, because the only Spanish platform – Housers – has failed to meet its payment commitment for the fourth consecutive month.
In January I reported Housers and the developer Construbecker to the Madrid courts and on 10 March I have to ratify the complaint.
Here are the details of the current state of investments:
Mintos has returned €10 this month out of the €971 in the process of recovery and I no longer have anything invested. They have incorporated more information on historical performance, among other new features.
Peerberry continues to deliver excellent news and generate enormous confidence. They have published a new Real Estate project in Vilnius at 10%. They continue to have no defaults since their inception in 2017.
Viainvest is still suffering from the lack of publication of projects since December, so I have withdrawn €68, but they are keeping their payment commitments.
I continue to be very happy with Robo.cash and the 44€ generated will be increased in March since I will reach 5,000€ invested, which carries a 0.3% more profitability.
Crowdestor has performed better in February, generated €315 in interest and met almost all of its commitments, although others are experiencing delays and communication is not going smoothly.
In Lenndy I have withdrawn €179 in February, the projects are all still behind schedule and I will continue to withdraw until they resolve the current lack of confidence. First Finance is still suspended.
From 2 February, they have a secondary market to sell those projects that do not convince you. Maybe all of them?
Bondster has returned €10 in February, but I continue to withdraw slowly and intend to keep a small portfolio of €300 until they stabilise.
Although they suffer many delays, they apply their 60-day Buyback on time.
Lendermarket gave me a pleasant surprise in February with an extra €3 in bonuses, which added to the €3 interest, makes it the third most profitable platform.
In contrast, Iuvo has only offered a meagre euro of interest, also due to the fact that almost all projects are behind schedule. But I’m not worried, because they’re applying their Buyback on time.
Nothing has been heard from Wisefund after funding two projects in January, apart from the class action lawsuitfiled against them. If you want to sue, below I give you the details of when and how to do it.
There have been no new developments in Bulkestate, but in March my project ends and I will take the opportunity to reinvest part of the capital also in its competitors: Evoestate and Estateguru.
In February Crowdestate published 8 new projects, but they still don’t show me confidence. Currently, they have €11.8 million owed for delays and 1.9 unrecoverable for four projects.
With reference to my three projects, I hope that a buyer will acquire Baltic Forest’sassets, because the bankruptcy process is very slow.
Grupeer is fighting against everyone to defend his lousy management: investors, plaintiff law firm (Ellex Klavins) and originators.
Nobody knows what Grupeer’s next move is, but for the time being everything seems to be settled in the Latvian courts.
More information on the class action and how to join the waiting list is available below.
For the fourth consecutive month, Housers has once again failed to meet its payment commitment on several projects and others have not been paid for years.
In March I have to ratify in court the complaint against them and Construbecker for the €70,000 of capital owed plus interest on two projects.
In legal terms, Housers continues to accumulate problems:
- the lawsuit against the developer of the Santa Eulalia project has been ratified
- Court response awaited in the lawsuit against Antonio Brusola for unfair administration
- notice of civil lawsuit against Housers remains pending
- filed criminal complaint for qualified scam against ByNok for five projects
The gains against Envestio, Kuetzal and Monethera have been significant, as you can see below.