Portfolio update April 2020

Swiss coins

Welcome to the Portfolio update of April 2020. What a shitty month. Corona crisis in full motion. Me working from home since the 2nd of March and a Net Worth loss of 16k CHF.

Let’s see how the the P2P Portfolio performed.

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Technical Review: Wisefund

Updated: 09.04.2020

Welcome to the Wisefund technical review. Let’s look into the gory details of Wisefund.

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Post series: Technical Reviews

As previously announced I will start a post series with a technical review/analysis of the different platforms. You will be able to find them at the Technical Reviews page.

This is the list of the areas I will look into:

  • Bad Press: do other bloggers write negatively about the platform?
  • Owners/Team public: are the owners or the people working at a platform discoverable?
  • Company records: does the company have publicly available records in a business register or similar?
  • Technological Analysis
    • Webhoster: Is the page hosted on a known cloud or by some other company?
    • DNS Records: Are the DNS records public and pointing to the same registered address?
    • Available in origin country: Is the platform available for local investors?
  • Verdict: Given the information I found, is the platform likely to be a fraud/scam?
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Portfolio update March 2020

Swiss coins

Welcome to the Portfolio update of March 2020. As usual we look at income and spending of the month and then at the P2P Portfolio value and changes.

Let’s see how the added 30k EUR to the P2P Portfolio performed.

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Second round: Investing another 30k EUR in different P2P Lending platforms

After creating my P2P portfolio with 30k EUR in the beginning of January, it’s time to document the second round.

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.

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Are Facebook Ads a fraud?

I’ve spend 25$ for a Facebook Ad and Facebook claims that 281 people have clicked the link. But I’ve only received 80 clicks with a referrer from Facebook according to the sites statistics.

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Portfolio update February 2020

Swiss coins

Welcome to the Portfolio update of February 2020. We first look at income and spending of the month and then at the P2P Portfolio value and changes.

As you might have guessed it from my previous post there is a negative surprise.

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Envestio vanished – Wisefund next?

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 :

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Kuetzal shutting down!

Kuetzal logo
Source: Kuetzal

Kuetzal is effectively shutting down operations. Since I signed up for Kuetzal but didn’t end up investing in the platform I get email updates from them. This is the email I got today:

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Investing 30k EUR in different P2P Lending platforms

The plan was set in stone in December. To invest 30k 28k EUR in different P2P Lending platforms at the beginning of January.

But let’s rewind to the week of Christmas. I proactively started signing up with the 15 different P2P lending/investing platforms on Monday 23rd of December and continued on Tuesday 24th of December.

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