Investment update in July 2020
The stockmarket is rising slowly. Altough its summer, summer has never been a really bull month for the stock market, and with a second wave approaching Europe I am surprised that it is not dropping further. Perhaps its because of the 1600 Biljard EUR the EU will pump in the economy.
On peer to peer investments progress at Grupeers side is really slow right now. When I read the blog of Grupeer I have the impression progress will happen at any time now, but its not happening. I feel like they are holding a carrot in front of me. More about that bellow.
In my personal life sports have taken up such a big part of my life right now, since sport is the safest activity. I subscribed for a Triathlon altough its uncertain right now if it will go on. I will do 1/8 so that means 500m swimming, 25km cycling and 5km running. If it goes well I might try 1/4th of a triathlon. But it does mean I need to train a lot, so a lot of my time is going there.
Additionally (and this is why there has not been so many blogs in July), I am working on a secret project on the side that I do not want to talk about yet but will at some point.
Alright enough stuff about my life lets go and check how much my portfolio dropped or increased.
My Portfolio has risen slightly to 65925 EUR (+1427) mainly because of additional investments and a small rise in the market. This is now the third month in a row that my investments are going up again. Slowly but certain a recovery is on its way.
On the bellow graphic there is three movements that are very clear this month:
- About 1200 EUR transfered from my peer to peer investments to ETFs
- Invested about 1000 EUR extra in ETFs on top of that
- The stock market is rising very slowly
Lets look into more detail for each of these investment types shall we.
It seems the stock market is rising slowly but steadily and gave me a nice profit of 929 EUR this month lowering my loss on my ETFs from -3369 last month to -2440 EUR this month. Keep it up!
|Inception Date||Total Portfolio||Monthly P&L||Total P&L|
|SPDR MSCI World UCITS ETF (SWRD)||31/01/2020||33825||816||-2310|
|IShares Core MSCI EM IMI UCITS ETF (CEMU)||28/02/2020||2318||113||-130|
|Total ETF Portfolio||30/09/2019||36143||929||-2440|
At this point I am really happy I limited my portfolio to just two ETFs, it makes it so much easier to track! And I keep finding it very easy to invest with DEGIRO, I am really happy I chose DEGIRO as broker!
SPDR MSCI World UCITS ETF (SWRD)
My World ETF has made the biggest profit this month, lets hope they can keep it up for another 2-3 months so I break even!
|SPDR MSCI WORLD UCITS||Total Portfolio||Monthly P&L||Total P&L||% gain this month|
ISHARES CORE MSCI Emerging Markets IMI UCITS ETF
With a 113 EUR profit it was a pretty good month for this ETF
|ISHARES CORE MSCI Emerging Markets IMI UCITS ETF||Total Portfolio||Monthly Profit||Total P&L||% gain this month||%gain yearly|
Peer to Peer
|Portfolio||Start||Total at 29/02/2019||Left inpeer to peer||Expected end date|
|Grupeer||30/09/2019||8990||8990||Defaulted. In Legal procedure|
|Kuetzal||30/09/2019||1005||1005||Defaulted. In Legal procedure|
I will no longer keep track of the income I am getting into peer to peer. Instead I am showing the withdrawals here. I sold on the secondary market where possible, but without giving huge discounts. In total I managed to withdraw an additional 2% this month, putting me on 49% withdrawn up to date, which is not bad considering these are long term investments, however when I look at what is left, most will be stuck in Legal battles..
- I withdrew 100 EUR from Crowdestor this month, but this was only interest. For principal I will need to wait until October. Im not really worried that this will go ok, so far payments have restarted normally.
Grupeer has officially defaulted with more then 60 days of delay on my withdrawals. I wrote off Grupeer but there is two points of light at the end of the tunnel that give me hope of recovering some part of my investment.
I have grouped together with other investors to prepare a law suit for Grupeer. The main goal of the legal action will still be to ask Grupeer to repay the investments as planned and not to resort to bankrupting Grupeer.
Unfortunately everything is confidential, so I am not at liberty to discuss anything not public here. All I can say its being prepared right now, and it feels good to have legal representation.
Plan from Grupeer
Unfortunately the plan from Grupeer to start paying back the investments is currently more looking like a carrot they are holding in front of us. Any real money has not come out way, even though 75% would be in a recoverable state based on the bellow analysis.
That means that 75% is hopefully in a recoverable state. 3% is probably lost and 22% is unclear but at high risk.
As long as Grupeers bank accounts remain frozen its only virtual money.
I am in a legal procedure with Kuetzal and cannot comment on any non-public information, I wanted to share more this month but I still can’t. Perhaps in setpember.
The last amount in Mintos is fully stuck in pending payments. Right now there is not much I can do to speed up the process except wait for these payments to get paid.
Rita from Peerberry has offered to rebuy my loans as the Loan Originators have no problems right now, and I have happily accepted. That means I can close my investments in Peerberry and will no longer mention them.
Right now I am waiting for the last 200 EUR of principal to be finished in TFGCrowd. After that I will be fully out of this investment. This will happen in September.
I still have 3500 EUR in startups, but there is some news, one of my startups (WeGroup) made an offer to buy back the shares with quite a bit of interest. The counsel has come together (online) and voted to accept the offer. I had 300 EUR of principal invested there and it will be bought out at 164% the value I bought it for, so I expect a nice buy back soon. Once this has been completed I will re-invest this money into ETFs or a new startup.
I decided not to update my retirement funds all the time since for most of the funds I get an update just once a year, so I will update it also just once a year. This is from end of 2019. I will update it again in December 2020.
|November 2019||Current Value|
|KBC Pension funds||7999|
|First job Pension plan||1467|
|Second job Pension plan||592|
|Third job Pension plan||12084|
Wins / losses this month
- My ETF Portfolio made 900 EUR profit
- Slowly but certainly I am moving out of peer to peer
What is next?
- I will be doing a 1/8 Triathlon in two weeks so right now Im training a lot to make that!
- If things go well I plan to do another Triathlon in September (at least if they are not canceled because of Corona).
- I am working on a secret project that I cannot give any info about right now, however I hope I can soon!
I will also post a savings rate update soon! Subscribe and make sure you don’t miss any of my monthly portfolio updates!