UPDATED: Portfolio Overview: January 2016 (2)

I found mistake in calculation of ROI at BTCJAM. Now corrected. I would like to apologize for my mistake!

Happy, Prosperous and Successful New 2016 Year to all readers of my blog!

New month and time to make new overview of my portfolio. My return:

EURO investments

Platform XIRR Change from Prev Month Risk Adjusted XIRR Change from Prev Month
Bondora 22,7 % -0.1 % 6,7 % 0,6 %
in that, Bondora “Safe Portfolio” 27,7 % 0.3% 19.5 % 1.7%
Omaraha 18.6 % -0.6% 16,0 % -0,1 %
FellowFinance 18.5% -13.5% 8.9 % -10%

* XIRR – Return of investments calculated by me, not by platform. Deposited, but not invested money makes negative impact to XIRR
** Risk Adjusted XIRR – XIRR after write off part of overdue and defaulted loan

COMMENTS on Euro based investments

I am still quite conservative about investments at Bondora. From one side, in past Platform was providing very flexible possibilities to operate and get exceptionally good return (even risk adjusted return over 30%, source p2p-anlage.de). From another side, I see current situation with unclear rules, old and new bugs, continuous changes in policies.

I have lowered invested amount by  59%, but I am slower now with new withdraw. This is my strategy, until I can bid manually and before I will see implementation of new rules on Secondary Market. There are rumors that Bondora will set premium/discount on Secondary Market, what will make cost of exit too high. If so, I will move next portion of money out from Bondora.

I am not very much happy when I see 6% risk adjusted return from my main portfolio (Bondora say “annualized net return on investment” is about 28%). It could be that I calculate my ROI in very pessimistic way. I write off 80% of defaulted and 50% of overdue loans. On other side, it is very unclear what amount of defaulted loans will be recovered. Bondora use collection agencies that are getting up to 40% success fee. But this fee is not visible to investors. We do not know how much of outstanding debt is not recovered.

I see nice risk adjusted return (over 19%) from “safe portfolio” which contain mainly Estonian loans. That stop me from complete exit from Bondora.

Last month I have almost doubled my investments at Omaraha. New money “cost me” already, but will give first profit only at the end of January and February. So small decrease in my ROI is normal.  My portfolio is not very big, but when it gives me risk adjusted return over 13% I am happy. Still I use less than 10 minutes a week to manage my portfolio at Omaraha.

Before December I had just few hundreds Euros invested at Fellow Finance. Last month I increased that amount over 3 times.  Therefore decrease in ROI is natural. However, I haven’t formed my final opinion about this platform. Last month I noticed decrease in interest and  not all of my loans were sold on secondary market. Also, I noticed, that interface have some ‘lags’ (slow). Especially when I need to send some deal to secondary market or when I like to do my new investment. I need 3-4 month to get my final opinion. Before that I do not plan new deposits and will continue to reinvest all repayments.

Investments in crypro currencies and projects

Platform XIRR Risk Adjusted XIRR Change from Prev Month XIRR
in Euro
BTCPOP 18.7% -57.1 % +11.4%
Loanbase -34.8 % -34.8 % + 62.2%
BTCJAM -19.2 % -8.9 % +10.6 %(-0.4%)
“Safe portfolio” at BTCJAM +14.5% -4.5% +30%(-2%)
Secureae(NXT) +30 % -3% -64 % (+11% from last month)
SCRT coins +659 % -10.1 %

NOTE: I have corrected value of return at BTCJAM 

*** XIRR in Euro – XIRR when deposits counted in Euro and price of BTC today =[CurrentBTCPrice+ AveragePriceWhatIBoughtBTC]/2

Risk Adjusted XIRR in BTC Risk Adjusted XIRR
in Euro
 Used BTC Price
TOTAL INVESTMENTS into crypto projects -40.4 %(+15.4%)


+59.4%  425$*0.95 (5% discount)


Since 1st of December, prices of BTC went up.  As result I got better ROI in fiat currency. I used less risky strategy at BTCPOP and Loanbase. My late-to-portfolio ratio went down at BTCPOP from 516% to 247%.

At the same time I got bad result at BTCJAM and will make special post to analyse why it is so.

I found mistake in calculation of return at BTCJAM and now corrected it.  There is no big changes compare with previous month. Most of my NAR figures are still positive and not bad. But JAM show me negative ROI.  I send number of questions to JAM support asking about how they calculate return.

“Safe portfolio” at JAM demonstrates quite positive result.

I still happy from my investments in SCRT coins and I am quite sure that they will bring me even better ROI. SCRT is traded now at Bittrex and next week TeamSecred Lda, real company that will manage development of SCRT will start official operations.

My biggest task now, is to understand why my return at BTCJAM went down is not growing. This will be topic of my next post.

Thank you for reading this story. One more time I wish you a lot of happy and only successful investments in 2016!



4 thoughts on “UPDATED: Portfolio Overview: January 2016 (2)”

  1. Hi Andrej,

    Congratulations on your fantastic blog. I hope 2016 is a profitable year and you see double digit ROI.

    Have you considered investing on Bitbond? Bitbond is a Berlin-based p2p lending company which provides premium business loans to global investors.

    Please let me know if you have any questions.

    Best Regards,

  2. Interesting changes in ROI you have there for the Scandinavian platforms. Im happy to see that you’re using XIRR as well to calculate the return on investment and I think that’s the right way to do it. Im not seeing that being used by many p2p companies, which is pretty weird. There’s also a couple of other companies in p2p platforms in Scandinavia that I recommend you check out: lendify.se & fixura.fi

    1. I did short look on lendify.se. Their loans are issued with interest below 12%. It is a bit not enough for me. I do not see what are rates at fixura, but I have heard opinion about huge defaults there. Do not know is this is true today?

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