My social lending portfolio (2014, 2nd Q)

Time flies quickly and another quarter has passed. Overall there have been a lot of changes at Bondora and they’ve influenced my portfolio quite a bit. Firstly, the queue system has been changed which means that it’s a lot harder to get into A1000 Estonian loans (best credit grade). There has also been increased market pushes for Spain and Finland, which means that to get all your money out, you must either forcefully diversify or accept bigger risk through bigger loan parts.

Q2 pieOverall I’ve finally climbed to almost 3000€ in active principal which is pretty cool. Also, as of this morning I’ve put 2500€ into the site – I’m doing pretty good for my 2014 financial goal. The problem currently being the lack of loans – and I don’t want to just push all money into B+ (unverified) loans since I think it’s a bit too risky at this point.

I’ve added some B+ loans though – only Estonian ones that are verified through other documents. I’ve also made a small bidder for Spanish loans to slowly enter that market. I’m willing to invest about 25% of my monthly money to B+ loans and about 10% into Spanish A1000 loans. I’ll have to see how that works out.

Q2 returnsAs you can see the returns graph is still looking like a lovely flat line and unless something drastically changes I don’t really see this graph becoming any more useful in the future. I suppose I should be worried once it starts dropping for some reason.

Q2 total investmentsI tried to aggressively push money into loans but due to the slow queue it really isn’t moving much. I constantly have at least 100€ just sitting on my account waiting to be invested. This even with increasing some loan pieces to 25€ and adding in a small bidder for Spanish loans.

New loans issued:

During the 2nd Q I added 66 new loans –

7 of those are Spanish, others are Estonian

25 loans are A1000 EST

5 loans are B1000 EST

4 loans are C1000 EST

12 loans are 800-900 credit group EST

13 loans are 600-700 credit group EST

As you can see it’s quite easy to get into 600-900 loans, I constantly have to limit the bidder since I don’t want to overexpose myself to low credit groups while not getting into high credit group loans, but it’s proving to be quite difficult. Taking into account that some of those are B+ loans the risk level might be even higher than the numbers predict.

60+ loans

In the three past months 10 new 60+ loans have been added (to a total of 22 loans in the red). Luckily some have made repayments as well (as small as those are), and two have fully paid back the principal owed. I’m expecting a pretty big bump in overdue loans because if you look at the graph right now I’m feeling the effects of the winter months where I didn’t invest that much money.

New auto bidder system

I remade all my bidders when the queue system was revamped to have bigger control over diversification and really, it’s hard to push the money out. You can take a look below to see what I’ve managed to give out – the low credit ones fill up with a day if I increase the limits. I’m still playing around with it to see how to balance my portfolio the best.

I hope summer will bring bigger loan volumes since I’m likely to have more available money. But as it stands I’m likely to make another stock purchase soon instead.