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My P2P Lending Investment Status

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Good day investing youngsters (and, of course, maybe not so youngsters)! Today I’m going to give a further update on my P2P investing portfolio and its status. I’ve talked about it before, but I have decided to stop investing in P2P lending. You can read about the reasons why in this post, if you are interested.

P2P Investments

At its height, my P2P lending investment portfolio contained almost €1000. I was adding €150 monthly to it, in the hopes of growing it steadily. Looking back, I now think this was a mistake. I’m not saying P2P lending is a bad investment, although I’m not really sure anymore. I do now for certain that it is not an investment vehicle for me. At this moment, my P2P lending portfolio only contains around €75. I’ve managed to liquidate all other investments and I transfer the money back to my bank account. These €75 consist of €50 of my own money and €25 of interest.

Remaining Loans

I only have 7 remaining loans. The problem is that these loans are with two companies that are enduring some issues. The companies are Finko and Akulaku. Since these companies are in trouble, I am not able to sell the loans on the secondary market and get it over with. This means I could have to wait a long time to get my money back, if ever at all. Luckily I had a feeling these things were going to happen, so right now I only have €50 on the line. It wouldn’t be the biggest disaster if I lost it. 

Conclusion

I am not a big fan of P2P Lending anymore and from my experience, I wouldn’t recommend it to other people as well. Luckily for me, I don’t have a lot of money on the line anymore, but there are probably a lot of people who have. I also don’t like how Mintos is handling the situation. They could be more open with there information, but this is not the case. Right now I will focus more on investing in the stock market and cryptocurrencies and leave the P2P lending space behind.

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