February is a short month, so generally your returns are a bit smaller than usual. As suspected, February fell a bit short of January’s results but it was overall a good month. Loans still keep going out relatively quickly and the issues of loans bouncing back a lot seems to have been solved a bit, it definitely looks a bit better on charts.
February was a landmark month in some ways for my portfolio. The total outstanding principal reached 5000€ finally after 2 years and 3 months. It’s definitely a number that I couldn’t really imagine when I started. The downside being that while recovery is slowly happening, then defaulted loans are growing quickly as well and are likely to hit 500€ next month.
The pace of investments is keeping steady, but growing is becoming challenging. I currently have a bit less side projects running as last year, but in theory the actual pay rise for teachers that was announced 2 months ago might actually happen at some point as well, which means a slight boost for investments.
While the total interest earned for Bondora for February was 90,15€, it was only behind January by about 40 cents. Combine that with the small amount earned from Moneyzen, and next month should break 100€ interest per month as I predicted.
This month I had the automatic bidder do quite a bit of the work. I only hand picked about 10 loans since I didn’t have much time for it. I did get quite a nice balance of higher credit group loans, so I’m quite happy with it.