I am Santiago Arredondo, hotel manager for 18 years, married and resident in Madrid. Passionate about investments,I have been investing in various financial products for twelve years.
I started with the simple deposits when in the midst of the crisis they offered returns of 4%.
Since 2013 I started taking on greater risks through investments in New Zealand banks that wouldn’t let me sleep because of the stress of “what will happen to my money.” And all to get percentages of 5%. I had a hard time!! I will not repeat it.
A year later I discovered real estate crowdfunding,with promised returns of 5-6%, which have then stayed at 1-2% (say Housers and their never achieved returns).
In 2015 I began to study the evolution of the few crowdlending platforms that existed, but all my savings were heading towards Housers, albeit without losing sight of other alternatives.
Finally, in 2018, after various divergences with Housers and knowing that there were more profitable platforms and that they met their planned payment schedules, I started investing in crowdlending. On these platforms I have achieved an average net return of 10.70% during 2018 and it has continued to rise throughout 2019.
BUT, 2020 began in the worst possible way and the closure of Kuetzal has happened, where I had 12,155 euros and Envestio, which maintained 16,145 euros. These losses,if confirmed, would pool 28,300 euros. It was then joined by Monethera, where I had 6,253 euros.
They accounted for 16% of the total invested, which is irreparable damage, but it is only left to find formulas that allow me to achieve the long-awaited financial freedom, although now I must delay it for a few years…
Monthly progression of my goal
My goal is to achieve financial freedom by allowing my money to work for me, for which I have set myself a monthly income target that should amount to 2,500 gross, only from the investments made, regardless of labour income.
Revenues from European Crowdlending remain above 800 euros per month and the figure that determines that the month rises above 1,000 euros comes from Housers, that all of you who have read my page above know that they do what they want and as soon as they pay default interest on several projects at the same time seven months later or they stop paying for as many months. Objective number one: close projects with Housers as soon as possible.
Of course, if you have any questions or comments, you can contact me whenever you want via this email: firstname.lastname@example.org
WARNING: The information posted on the blog is about my personal experience. I do not intend to advise in any way and I would not feel able to do it, because you have already read that I have lost money investing, although I have also won.