This time around I invested 29.7k EUR (or 31.7k CHF thanks to the free conversion fees from Revolut) in 11 platforms which I personally think have a higher chance of being legit. After loosing 2 000 EUR with the sudden disappearance of Envestio I selected the platforms a bit more carefully.
So it looks like the collapse of Kuetzal triggered some kind of Bank run. The Envestio website is currently not reachable. After some very unprofessional Twitter duelling with a apparent industry insider RPeerDuck (Twitter profile deleted now due to death threats). Are my 2’006 € from Envestio gone then? Very likely. I have yet to filed a Police report with the Estonian Police.
The last message posted on Tuesday the 21st of January 2020 from Envestio :
I discovered Revolut in September 2017, the promises sounded great. A free credit card without account/card fees and inter-banking exchange rates on foreign money usage. All transactions are showing up right after card use in the mobile phone app.
I analysed the performance of 6 different EU P2P investing blogs to figure out which platforms offer the highest returns. However historic performance is never an indicator for future performance.
So remember my investment strategy/policy? No? Check it out in the About page.
Let’s get right to the point, I will have ~30k CHF available to invest on 1st of January and another 30k CHF by the end of January. So my portfolio should be around 60k CHF/EUR at the beginning of February 2020.
Let’s check out the XIRR of the 6 best performing EU P2P investing blogs: