July Portfolio Update – €10,449.53
Welcome to another monthly portfolio report on Millenial Money Talk! This month’s income report is slightly different to my previous ones – I’ve added Stocks and Shares into the mix to spice things up.
And on top of that, my P2P investments almost broke €100 in monthly income for the first time! With that said, let’s get straight into the money.
July Portfolio Update
The figures were taken on August 1st. GBP / EUR rate was taken on 1st August.
€96.1 (+ €16.17)
Portfolio Performance: Historical View
The income from my P2P portfolio was €96.1 this month, which is + €16.17 higher than last month!
Moreover, the overall value of my P2P + stocks portfolio is now €10,449.53 which is + €2,371.8 from last month.
I also paid £1,000 worth of student loans off and reached my yearly target of only having £18,000 left in my 3.3% interest loan!
My other target is to have €10,000 invested in P2P by the end of the year, which I’m very close to reaching as well.
After that, I will either pay off a bit more of student loans or leave some money in s savings account – January is tax season for the self-employed in the UK so I’ll need to save a bit of money to pay off my taxes.
What’s New In The Portfolio
First and foremost – can you believe that summer’s almost over? We’ve been experiencing such nice weather here in London that I haven’t even craved a beach vacation by the sea – the weather and amenities are just as good in my own garden! Well, almost 🙂
Secondly, like you can see from the report above, I decided to follow in Joergen’s footsteps from FinanciallyFree.eu and use the same format as he does when talking about his monthly income reports. I think graphics and tables like these are easier to read, easy to maintain and thus it’s a win-win situation for everyone. I also updated my portfolio page, so that you can see how much money I have in different platforms more easily.
Also, I’ve been thinking about adding my property portfolio to the mix. I currently hold two properties that are buy to let and generate me about £500 in profit every month. Even though these properties are investments, they’re not online and the returns are not going to change month on month, which is why I haven’t included them in the portfolio so far.
If you’d like me to add them here, let me know in the comments!
If you look at my report closely, you’ll see that I’ve added a stocks and shares portfolio into the mix. I’m using Hargreaves Lansdown to do my trades, even though at the moment I’m only thinking about buying Vanguard ETFs.
Both Vanguard and Hargreaves Lansdown offer ISAs, which are tax free investing accounts here in the UK. The limit that you can put in every year is £20,000. People from outside the UK can also use these platforms, but you’ll have to see if your country offers a similar tax free account as the UK does. Hargreaves Lansdown operates in sterling and Vanguard offers multiple currencies, including euro, dollar and sterling.
It’s more expensive to buy Vanguard products through Hargreaves Lansdown (by about 0.45% per year, at least) but my significant other who is a hedge fund manager, assured me that in the long term this is a better solution, because you can invest in any products from different institutions in one place and that it’s more hassle free this way. So, we shall see if this was a wise decision a few years from now.
The stocks and shares that I’ve bought are S&P500 tracker funds, namely S&P 500 UCITS ETF USD(GBP), which isn’t hedged. This means that I have the risk of losing or gaining money depending on how the dollar fares against sterling. In the past months, it’s been beneficial to buy dollars, because the pound has been getting slammed.
However, the pound is already very cheap, so in the next few months I might buy the hedged option (if there is one on Vanguard) which will provide security against any currency fluctuations.
My plan with the S&P500 tracker fund is to invest a £2,000 every month indefinitely. The trading fees are already quite high – it costs £12 to buy shares every time, which makes it more cost effective to buy one tracker fund instead of 2-3, like I was planning to do before.
With this product, you’re more than likely to see some “bad months” with low or even negative returns in the monthly income reports. Like with any stock market, sometimes S&P500 goes up and sometimes it goes down.
The monthly income from Mintos was €40.66, which is +€10,55 compared to last month and about 14.99% per annum! The monthly income from Mintos has been pretty consistent over the last 4 months, which makes sense, since I haven’t made any new deposits since then.
The income has been slightly different each month, because sometimes there are delays in the loan repayments.
This month the monthly income from Envestio was €22.01, which is – €4.17 from last month and about 16.89% per annum. Envestio has been producing REALLY good returns as of late and I’m very happy with the platform.
However, there has been a slight cashdrag because new project are few and far between and when they come, they get snatched up in hours. If I’m correct, there were zero new projects in July on Envestio.
In August, I’m scheduled to receive my first full loan repayment of about €250 and we’ll see if there are enough loans for me to invest the money back into the platform!
The income from Grupeer was €12.72 this month, which is +€2.49 from last month.
I’m starting to like Grupeer a lot. The returns keep getting better and it looks like all the loans are always paid on time. I have to admit, when I first joined Grupeer, I wasn’t a massive fan of it. The auto-invest tool wasn’t working properly for me and the user interface seemed more confusing than other platforms to get into.
I’m glad that I didn’t let first impressions ruin it for me, because now the returns on the platform are great – even better than on RoboCash, which promises the same returns.
I’m adding a bit more funds into Grupeer in August because of this.
The monthly income on RoboCash was €13.53, which is +€4.39, and about 13.2% per annum.
Over the last few months, RoboCash has delivered what it’s promised: about 12% yields with no hassle. It’s one of my most passive platforms and I rarely check in to do any changes on the account. One downside about RoboCash is that some of the loans are always late, which is why the monthly income amount varies month to month.
The monthly income from EstateGuru was €7.18 this month, which is +€2.90 from last month.
The loans offered on EstateGuru are paid quarterly, bi-annually or as a balloon loans, which is why the income per month is so low compared to other platforms. It’s hard for me to comment on the returns on the platform just yet.
EstateGuru deals with real estate loans, so if you want to diversify your portfolio a bit, this could be a good option.
In August, I’m scheduled to receive one principal payment and several interest payments, so we shall see if there are any problems retrieving these payments. And also, we shall see if the monthly income suddenly jumps next month.
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You can head over to my portfolio to see the latest state of my portfolio and where my money has gone in the last months!