This is my financial overview of May 2020.
One of the reasons I blog is that I can throw my sometimes crazy ideas into the world. The feedback I get is invaluable. Lately I got some feedback on having a mortgage, a pile of cash, and the need to refinance my primary mortgage when I buy a rental property. That had me thinking, and as regular readers know by now, I will begin to change my investment allocation and loan payoff from now on.
UPDATE 8 APRIL 2020: it seems that Grupeer might be a scam. I strongly advise against putting in any new money into this platform. More information can be found here. There is are preparations for a lawsuit. You can participate here.
I’ve never been a big fan of peer to peer lending as an investment tool, until I discovered platforms like Grupeer and Mintos. In the past, I’ve tried a little bit of crowdlending on Dutch platforms but I don’t like the low returns, with the only potential being downwards. Then on top of that, the loans are very illiquid, meaning I can’t access my money for several years.
My investment strategy is 100% based around investments in the stock market, and I am actively looking to diversify into real estate too. As an experiment, I have invested in two crowdlending projects, but I don’t really like this type of investing. Today I’ll discuss my problems with Dutch peer to peer lending platforms.