Financial Independence · investing

April 2020 Portfolio: Peer to peer withdrawal in progress

Investment update in April

After a few bad months, I can say I can finally start to see some light at the end of the tunnel. The stock markets are recovering, although its not always clear to me why, as I’m still in the midst of a lockdown, but I suspect the fact that the market noticed the world is not stopping because of Corona. Another factor might be that governments worldwide are preparing to inject cash into the economy. If there is more cash the value of cash drops, and stocks go up. The market might already be preparing for those things.

Last month I made the decision to fully withdraw from peer to peer. I have not come back from this decision, and continue to withdraw money every month. Of course these are mostly longer term investments so part of the money is stuck until the time runs out.

I have been in lockdown for about a month and a half now. I try to cope by sporting more. I managed to log 21 hours in Strava in April. I bicycle most weekends and run almost every day after work. Right now I run a steady 7km and I am working to get to that 10km that I set as a quarterly goal.

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My Portfolio

My Portfolio has slightly dropped to 71872 EUR

On the bellow graphic there is three movements that are very clear this month:

  • Selling off my peer to peer portfolio
  • I continue to invest in ETFs, a steady 2500 EUR / month currently, I can maintain this amount by withdrawals that come from peer to peer. The idea will be that ETFs will fully “eat” my peer to peer investments.
  • The stock market is showing a slight recovery

Lets look into more detail for each of these investment types shall we.

Peer to Peer

I will no longer keep track of the income I am getting into peer to peer. Instead I will be showing the withdrawals here. I will sell on the secondary market where possible, but without giving huge discounts. In total I managed to withdraw already 42%, which is not bad considering these are long term investments.

PortfolioStartTotal at 29/02/2019Left in p2pExpected end dateMoney left to withdraw
Grupeer30/09/201989908990Considering legal procedure100.00%
Iuvo Group31/12/2019224004/20200.00%
Kuetzal30/09/201910051005In Legal procedure100.00%


  • I cannot withdraw anything and CrowdEstor has stopped giving interest while Corona is raging. Still CrowdEstor projects continue to receive funding. In one and a half months interest and principal payments should continue. I am looking forward to that. From September I should be able to start pulling money out. I heard some positive news about a Game I invested in Maffia stars. CrowdEstor anounced they are doing really well and expect to repay in full by January 2021!


Grupeer has fired most of its staff and many investors are digging up evidence of fake projects and fake Loan Originators. Support of Grupeer is no longer answering. The only part still alive is a weekly update from the blog.

Having invested in startups for a while, I can really say that when a small company is posting “do not panic” or “there is no reason to panic” then you should be seriously worried.

Withdraws are no longer possible, I am very close to starting a legal procedure together with other investors. The group is investors is lead by Guilermo and he is making great progress in my Kuetzal lawcase.

On 20 May it will have been exactly 60 days since I had issued a withdrawal. From that time I will consider Grupeer in default and write off the investment like I did Kuetzal. I still believe I will be able to retrieve a large amount by a legal procedure, but that could take up quite some time. I am not looking forward to the huge gap I will have in my portfolio update next month when I need to write this investment off!

Iuvo Group

I have managed to sell off all the loans I had in Iuvo for about 5% discount in about a week. So I am very impressed with Iuvo’s secondary market.


I am in a legal procedure, while I cannot comment on it I can see very positive things happening, and I hope to get some good news in May!


I have managed to withdraw about 90% of my cash from Mintos already for average 5% discount on loans. A small portion (5%) is still for sale, and another 5% cannot be withdrawn as the loans are suspended from the secondary market (this includes Capital Service and Monego).

I hear more and more news about LO’s stopping payments. Partly due to Corona, no doubt, but it does make me think that I might have dodged a bullet by pulling out. Just yesterday ExpressCredit was suspended from the secondary market. I had only sold off my ExpressCredit loans about 2 weeks ago. I really feel like a dodged a bullet on this one.


Withdrawals are going slow but steady..

I have requested information about a possible secondary market to speed up this process, but PeerBerry has mentioned there is no such plans for now.


Two projects finished in April, unfortunately only one of them paid the principal. The other one did not pay. TFGCrowd informed me that it falls under buy back guarantee, but that does mean I would need to wait 60 extra days to get my principal out. The strange thing is I did get offered the chance to re-invest the money, but I could not withdraw it yet. I decided not to re-invest.

Six(!) more projects that I invested in finish in May, so total a little bit over 600 EUR! I am concerned what will happen to them, but I keep my fingers crossed!

How are other peer to peer platforms doing?

I never mention this but there is other peer who also seem to be in trouble:

  • Monethera has been declared insolvent so it’s not looking good for investors. I feel a law suit in the air.
  • Wisefund: whoever has money inthere right now has their money at extreme risk. There is a recent secondary market but discounts offered are so high that its almost impossible to exit!
  • Bondera: bondera, a big and one of the oldest platforms around, is doing partial withdrawals now so people withdrawing will need more time to get their money out
  • Fastinvest: Fast invest was commonly suspected to be a scam, but still many people put in money. Now fastinvest is looking more like Fast Invest, but Slow withdraw. Withdraws are reported to have a month delay! A telegram group has been created for those that are trying to get their money out.
  • Agrikaab: a crazy platform where you could invest in camels. This was even to crazy for me. Agrikaab has gone bankrupt. Good luck to some bloggers to get back their funds from Somalia, one of the poorest and most risky countries in the world to invest in!


After two bad months there was finally a great month for ETFs, as my portfolio gained 3809 EUR just by the stock market increasing! Looks like the bear might have left the stage and its up to the bull now, buts let’s not get carried away. Corona is not yet banished afterall!

Inception DateTotal PortfolioMonthly P&LTotal P&L
SPDR MSCI World UCITS ETF (SWRD)31/01/2020290343627-3587
IShares Core MSCI EM IMI UCITS ETF (CEMU)28/02/20202099182-354
Total ETF Portfolio30/09/2019311333809-3941

At this point I am really happy I limited my portfolio to just two ETFs, it makes it so much easier to track! And I keep finding it very easy to invest with DEGIRO, I am really happy I chose DEGIRO as broker!


My World ETF has performed great this month, and I am 100% behind my choice of focusing mainly on this ETF.

As you can see the drop was also (slightly) less steep then last month, so perhaps this is a first sign that it will stabilize

SPDR MSCI WORLD UCITSTotal PortfolioMonthly P&LTotal P&L


There is nothing special to report with this EFT, it has risen slightly compared to last month.

ISHARES CORE MSCI Emerging Markets IMI UCITS ETFTotal PortfolioMonthly ProfitTotal P&L


Not much to report regarding my startups, right now. In these days no news is good news I would say!

I am considering to invest again in startups, however I would only invest in business that I really believe in and that I see myself using (such as the VR company in Liege).

Retirement funds

I decided not to update my retirement funds all the time since for most of the funds I get an update just once a year, so I will update it also just once a year. This is from end of 2019. I will update it again in December 2020.

November 2019Current Value
KBC Pension funds7999
First job Pension plan1467
Second job Pension plan592
Third job Pension plan12084

Wins / losses this month

  • My ETF Portfolio made 3809 EUR proft
  • My peer to peer portfolio is facing stormy clouds as I might have to write off Grupeer like I did with Kuetzal

What is next?

  • If my running keeps up I hope to cross the 10km in May! Lets see if I can pull it off!
  • I have some back issues that make me cycle less, however I am seeing a sport physician and I hope he will help me to get back on track!
  • The housing market will re-open in May, I have already mailed to plan in my first visit. I can’t wait to continue searching!

I will also post a savings rate update soon! Subscribe and make sure you don’t miss any of my monthly portfolio updates!


Hunting for a house part 3: will housing prices in Belgium drop for the first time since 1983?

This post is part of a series, check out the last two post if you want to know more about my search:

Unfortunately I need to pause my house hunt just when I have more time to search. I work from home so I finally have enough time to go see houses in the evening, however right now all house viewings are illegal. Buying and selling is still allowed but who would place an offer on a house they have never seen? Private owners that need to sell fast do still allow viewings even though its illegal to go watch, but they are a minority.

I did go see one house when the lockdown still started. It was not very clear yet back then if it was illegal or not, although in all honesty it probably was, and it was a good house. I needed more time to think though and ended up not placing an offer. Something I sometimes regret still, not everything was perfect but it did tick a lot of my boxes.

Now I am just waiting as I see certain measures slowly getting lifted. Something tells me they cannot pause house sales forever but nothing is sure.

The Belgian housing market has seen a surge the last 10 years, but will it keep up now that we are going trough a crisis that we have not seen in decades?

Belgian Housing prices since 2010

Why the housing prices could go up in Belgium

People still need houses

Just like me there is a lot of people that are waiting anxiously until the market re-opens. Realtors claim they have a waiting list of 2500 people for certain houses(!). Once viewings are allowed again all those people will storm the market that could lead to a surge in prices. And even if the market is uncertain if you need a bigger place to live that need is not going to go overnight. People who have children might still urgently need a bigger place to live.

Wages have not dropped much (yet)

The government has been pumping money into the market like never before. Not only in Belgium but in Europe in general. It looks like they have some interest in increasing inflation themselves, and that would keep the current housing prices at the very least stable. In Belgium we have a system of temporary unemployment, additionally the Government gave extra bonuses to people in this system during the lockdown, this actually caused some people to earn more now that they are unemployed then before they were!

In the Belgian paper Het Laatste nieuws we read that Tim had 8 days of technical unemployment during the lockdown, because of that the government gave him an extra 380 EUR bonus, bringing his net wage to 2526, compared to 2174 before the crisis. Its a bit of a perverse system that people who work less earn more, and some people who still work normally work less. I count on it that this system will be corrected soon, as this debt that the Belgian state is accumulating now will need to be paid back sooner or later. But if it will not be corrected and free money is being pumped into the market we do risk a national inflation on much more then just the housing prices.

Realtors deny there will be a drop

To anyone who is willing to sell realtors promise a sellers they will still get a great price for their house. On the statements of anyone who is predicting a drop they continue to deny the drop and claim that the market is still a seller market with much more people eager to sell then to buy. Additionally history did prove them to be right, we have not seen a drop in the market since the 80’s and borrowing money remains to be cheap.

Why the housing prices could drop in Belgium

We no longer have any tax benefits for a first house

In 2019 the Government decided to remove all tax benefits you would get from buying a house. They predicted that this would at least cause a less sharper surge in housing prices then before. I can imagine that this will still have some effect. In my case I don’t care about this right now, as the Tax benefits for a second house are still there. Its a strange effect from having split responsibilities between the Federal and the Flemish states, and I do plan to keep my first apartment so I can leverage this tax benefit and to get some extra income from the rent of course.

We will go into a recession

By now its almost certain that the market will go into a recession. How badly will depend of how long the lock-down will take and if there is more waves of Corona coming our way. Until we have a vaccine we run the risk that things will get worse before they get better. The European commission even predicts that the recession will be bigger then in 2009. In 2009 the GDP of the EU dropped with 4.3%. The bank of America even predicts that the EU GDP could drop with as much as 8%. While the drop in Belgium will be bellow the average drop in the EU it will still be quite high.

Actual unemployment could rise

While the unemployment in Flanders before the crisis was about 3.5% before the lockdown, right now about 1 Million people are temporary unemployed. The question is if people will be able to hold those jobs after the lockdown without government support. At the very least people who were in this system for a while will not be so eager to invest large amounts of money into the housing market. They will want job stability before they make such permanent choices.

Death toll is higher because of Corona

This statement is a bit darker, however it must be said that the last 4 weeks as much people died from Corona then there would usually be deaths in one month. This could lead to more houses entering the market over the next year then there usually would.

At the same time we do not accept any asylum requests for a month already now. This will at least temporary lower the amount of new people into the market, not only in the short run, but I can imagine Europe’s borders being closed until at least September probably will also cause a drop in the mid-term.

Banks predict housing prices will fall

The big banks (KBC and ING) predict that in the worst case scenario that we have multiple Corona waves and lockdown prices will drop this year with 6% this year and 4% next year. Even in the best case scenario a drop of 3% this year and 2% next year are predicted. Which in my eyes is more a market that’s getting more stable rather then one that will drop. Then again its not the first time a drop was predicted and even in 2009 the prices did not drop. The last drop was in the 80’s during the recession.

Banks might be less tempted to loan out money when they get pushed into a situation where they are forced to extend loans for free. Something that the Belgian government have already suggested as a possible measure.

In conclussion..

To be honest under the current circumstances its hard to see that the market would not at the very least stabilize and possibly see a small drop. But its hard to predict what the Belgian government will come up with. In any case there is no point to try to time the market if you really need a house and can afford it just go for it, no matter what the market is like. I’m bad at it, so when I find a house that meets my requirements I will still place an offer. Hopefully the market will re-open soon so I can continue my search!

Did you like my blog post? Want to follow me as I search the Belgian market for a house? Then subscribe and check how I buy (or fail to) a house in these troubling times and hopefully it will give some insight for those who just start or who are just interested to learn about the Belgian housing market.


Four ways the lockdown is affecting my daily life | April update

Read my other blogs about Corona: Five ways that the Corona virus is affecting my daily life

I blogged about the Corona virus before, this was actually just before the lockdown in Belgium. Goverments were still unclear of what to do and what measures should be taken. Borders were still open and plenty of people were still not aware of how deeply we would be affected.

Belgium is in lockdown for 1 month now, and its still unclear when it will be lifted. So far it has been extended until the beginning of may and most likely it will get a longer extension, although it is not sure yet for how long.

Belgium has implemented the following restrictions:

  • The borders are closed with our neighboring countries (France / Netherlands / Luxembourg / Germany) for non essential travel
  • Non essential travel inside Belgium is not allowed either, you cannot take the car to visit family, you cannot go to stay in your second home at the sea
  • All shops and restaurants are closed apart from the post, supermarkets, the banks, farmacy’s
  • While doctors, physiotherapists , .. can still work it has gotten considerably harder to see them for anything non – essential
  • Mouth-masks are not obligated since they are required for medical staff and are short on supply
  • It does seem like we are at the peek now. Even though the number of infected is still on the rise the most important number is the amount of people that are actually in the hospital, and this number is slowly dropping (the orange line is the actual number of people in the hospital, the red line is the people on intensive care).
Source: Het Laatste Nieuws

#1 In my personal life

While the beginning of the lockdown I focused more on how to not get infected I now focus more on how to cope with my new situation.

  • I started running. I go for a 30 minutes run right away after work, I am so happy to live next to a park right now
  • I take a walk during lunchtime. Just these two small things are good for my mental health.
  • The fact that I cycle has now come in handy, as in week 2 of the lockdown the Government decided you can no longer take cars to go anywhere. I now cycle to family. Sometimes that means cycling trips of 75km. Not something I do often, but this way at least I see 1-3 people / week. Without this I might not see anyone at all. I do take the scenic route when I visit them, that means beautiful trips alongside the river in the sun!
  • I go to the supermarket every 10 days now. I have a list where I write down when I run out on something. The last day I do end up eating pasta quite often. It saves me time, lowers the chances of getting infected and will save me money
  • I am happy to see the supermarkets are all stocked up so I will no longer be storing the food I bought extra in march for just in case, and will just eat it instead
  • I didn’t see my mom in January but I did Skype with her for the first time ever
  • I am happy I bought a VR headset last month, I have bought the game beatsaber this month which is a form of light – fitness
  • I have some issues at my back and I am unable to see a physiotherapists since its considered non – essential

#2 At work

My work was a bit ahead of the government as I was already working from home before the lockdown. Its now been 1 month that I work from home.

  • I usually see my colleagues once or twice per week after work, but now I have not seen them for a while, at the beginning that was quite hard
  • I got used to working from home, I feel neutral about it, but I do miss the afterwork events
  • Working at home has been extended until the 1st of June for the company globally, no matter what the governments decide
  • Since I can’t travel anymore and I get a bonus for travelling I now need to do without that bonus
  • I have an apartment in Amsterdam that I use when I go there for work. My work pays for it, but nobody uses it but me. I have been asked to vacate the place. I really don’t mind to do so, although I am not looking forward to moving everything

#3 Personal travel and holidays

By now its quite clear that there will be no travel outside Europe this year, and even inside Europe will be quite unlikely. Perhaps travel inside Belgium will be possible. My sister had already rented a studio at the sea and is quite happy about that now. I really don’t know if I should be planning to rent something in Belgium but I do know that I will need to do it soon .

At least I live only 1 hour from the beach and just 2-3 from the Arden’s so I can always take day trips even if I do not plan any time “away” from home.

In any case I will not be planning any kind of trips outside Belgium.

#4 In my investments

For now it seems that the stock market is stabilizing but its really hard to predict if it will continue to rise or see another sharp drop.

The easiest for me is to just keep buying at the end of the month as usual with the same amount. I am very bad at timing the market and I can’t predict if the end of the recession is in sight or if its just starting. So I will not invest much more then usual for now, since until we know the full extend of the Corona virus I am sure markets will not know any kind of decent rise. For now I plan to invest more in my trusty SPDR MSCI World UCITS ETF at the end of the month, even if it performed horribly so far but it will bounce back eventually.

As you know I am also looking for a house by now some of the effects are becoming clear:

  • Its not allowed to show any viewings of houses, so right now there is no new houses entering the market
  • Banks now predict a drop in housing prices going up to 6% over a period of 2 years! I would be happy if they stabilize already, but a drop would even be nicer!
  • Realtors deny there will be a drop and say they have a huge waiting list of people wanting to see houses when the lockdown is over
  • While there is a shortage on the market I am tempted to side with the banks. One million people becoming unemployed must have some effect right?
  • I wont change my behavior to buy a house. I will just keep looking and not postpone anything. Of course I need to wait until its allowed again.

My last investments, peer to peer loans I am currently deeming to risky to keep. I have been selling off my loans (you will see an update in my monthly update about that). There is probably opportunities out-there as well since there is a lot of cheap loans on the secondary market right now and if I hadn’t lost so much in Grupeer I would be buying now instead of selling. But as I said my risk – limit was reached there so I prefer to walk out. I am also worried that long term we could see some defaults so I prefer to leave the market there now.

Follow me if you are interested to see how much further my portfolio will crash before I hit rock bottom!

Goals Progress

FIRE Goals Quarterly Update: Q1 2020

As usual I post an update of my quarterly goals. But it seems that just 3 months in my goals have been drastically affected. A collapse of a major platform in Peer to peer, other platforms at risk, the Corona virus closing shops and all events caused me to make forced or not some drastic decisions to my goals.

FIRE Goal 1: Passive Income vs Net worth

I want to revise this goal, as I am moving out of peer to peer lending, and my stocks are no dividend stocks due to tax reasons I feel that I should be focusing more on Net Worth rather then income. The only thing that could generate income now is real estate. So I will give it some thought and come up with a number that seems reasonable. But I really want to take my time for this, I just think its strange to put a number on this before you have bought a house that could see yourself living in for the rest of my life. On the one hand it needs to be something that I can actually achieve also. In general it should just be big enough to bridge the gap between my retirement age and the government pension I would get at 67.

FIRE Goal 2: retirement age

As a retirement age, I have set myself the conservative goal I want to have the option to retire before I reach 50. That does not mean I will retire, but it would be good to have the option. I will review this age when I am further down the line in Fire.

FIRE Goal 3: Buying a house

Right now there is no houses on the market due to Corona. I am still wondering how this will affect the prices and will probably do a separate blog about just this topic.

You can follow my house hunt in my blog. Check out the latest post here.

My goals for 2020

I had enough time to think about these

  • Invest 15000 EUR in ETFs (additionally) Has now become invest 30.000 extra in ETFs = 7500 EUR invested so far!
  • Invest 15000 EUR in p2p (additionally) I will be leaving peer to peer
  • Earn a passive income of 350 EUR / month (by December) (Before taxes) = This will become pretty impossible since I am leaving peer to peer. I leave it onthere for now though
  • 5% more saving rate then in 2019 (for the months where there is data) = So far I am doing worse due to a mix of extra costs and a drop in income due to Corona, however I am not giving up yet 🙂
  • Buy a house
  • Buy off university years (so they count as working years towards retirement age): this goal is coming over from 2018: YES I managed to do this, so this will make it much easier to retire earlier, as now the 4 years I studied at university count as working years towards the calculation of the height of my pension at 67!
  • It would be nice if this blog reached 1000 pageviews / month = This goal has been reached and it has been over 1000 views / month for 3 months in a row now

Sportive goals for Q2 2020

I wrote the following in the beginning of the year:

I started Mountainbiking in April 2019, and would like to continue to improve my skills there. There is a tour in the Ardennen called Rock d’Ardenne. Its quite a hilly region in Belgium. So far I drove almost only on reasonably flat pathways and fields, so it will be a challenge to have bigger altitude differences. It takes places in the beginning of May. The pack I would be interested in is 90km spread over 3 days. I currently do about 50km on a flat surface most Sundays, so it would be slightly more challenging then what I did so far. Some more tours I am interested in If I complete it successfully I will be looking into more tours later on the year! I already have a few more in mind.

But due to Corona all mountainbike tours are canceled! 😦 That means unless the tour I had in mind bellow is postponed I will not be meeting this goal. But I can still make my goal of doing 60km with a mountainbike. Last weekend I went for a 50KM drive so I am getting quite close to make this goal and feel confident I will, most likely in the next quarter!

Since I can no longer pursue most of my usual activities mid-week, I have also picked up running as a sport, and am coming close to the benchmark of running 5km! As a goal for now I want to be able to run 10km by the time Corona is over!

Interested in following my goals progressing? Then subscribe to my blog and follow my roadtrip to FIRE.

Financial Independence · investing

March 2020 Portfolio Update: Peer to peer platforms are bleeding

Investment update in March

I usually post the first of the month. Due to events that I will explain in the blog I took a bit more time.

This is now the second month in a row I need to report bad news. The stock markets have continued to drop, although at the time of writing it does seem that for the moment the worst part is over, or at least the steepest drops. For sure they will keep dropping for a while.

The peer to peer platforms are suffering heavily and are facing massive withdrawals. The worst news for me was that Grupeer stopped processing withdrawals. Because they also stopped processing withdrawals that were on Users accounts it is now very clear that they did not separate investments from the users with their own. There is now plenty of signs that Grupeer might have put out fake investments on their website and might have been at least partly an elaborate scam. Its very difficult to believe Grupeer right now, and as I do not feel confident they still tell the truth I am gathering with some other investors to sue them.

Another consequence of this is that I decided to fully withdraw from peer to peer. Peer to peer has been since September the driving course of this blog, however I do not feel confident anymore that I can make the right investment decisions in peer to peer. Of course it will take time to get out of all the platforms as they are quite longer term investments, I will try to sell off what I can but it can take a few years. In any case I will keep track of that here for at least some time.

While my stocks have dropped a lot more in value they have never kept me awake at night. Kuetzal did when it turned out to be a scam and so has Grupeer. I have underestimated the platform and liquidity risk that are tied to these investments. Even if there is good platforms outthere, such as Mintos and PeerBerry certainly are now, since nothing is regulated and the investments are long term, they can change course in 6 months and your money will be stuck.

I will need to think on if I would then organise this blog differently or not, perhaps I will be giving my savings rate update together with this post? I have not yet decided.

Image result for I am not a financial advisor

My Portfolio

With the stock market that moved back and me going to the Cash Market with my peer to peer investments my Portfolio saw a drop to 78171 (-4910). And this includes me investing an extra 2500 EUR into the stock market. I will probably keep moving what comes free from peer to peer to the stock market.

The idea was to reduce the percentage of my peer to peer portfolio simply by investing extra in ETFs, however this is not an easy task when the stock market collapses. At least withdrawing from peer to peer will speed up this process.

And now:

Lets look into more detail for each of these investment types shall we.

Peer to Peer

I will no longer keep track of the income I am getting into peer to peer. Instead I will be showing the withdrawals here. I will sell on the secondary market where possible, but without giving huge discounts.

PortfolioStartTotal at 29/02/2019Left in the account nowExpected end date
Grupeer30/09/201989908990Considering legal procedure
Iuvo Group31/12/2019224173.9822/09/2022
Kuetzal30/09/201910051005In Legal procedure
  • CrowdEstor: I cannot withdraw anything and CrowdEstor has stopped giving interest while Corona is raging. An understandable decision, but I hope it will be over by the end of summer.
  • Grupeer: Withdraws are no longer possible and it looks like I will need to resort to legal procedures
  • Iuvo Group: Iuvo has a secondary market. I hope to sell a few loans there
  • Kuetzal: I am in a legal procedure, while I cannot comment on it, so far I have a positive feeling about it
  • Mintos: Mintos has a good running secondary market. I put my loans there at a discount of 3-4% right now. Right now they have been selling and I can withdraw around 200 EUR per day. Mintos did announce it would add a secondary market tax of 0.85%
  • NeoFinance: selling went really fast here, I have just one investment remaining. I was really worried here before since some of the investments ran until 2025. I was never a big fan of NeoFinance, I always had negative returns onthere, but at least they are honest, you have a bank account and the secondary market is functioning excellent
  • PeerBerry: There is no secondary market, I might need to hold it out until 2022. But its a good platform so I hope it will be ok
  • TFGCrowd: I have mostly short term projects, so if the platform does not fail I will be able to withdraw everything by September


ETF PortfolioStartTotalP/L MarchTot P/L
SPDR MSCI World UCITS ETF (SWRD)31/01/202022851-3362-7214
IShares Core MSCI EM IMI UCITS ETF (CEMU)28/02/20201918.38-331-536
Total ETF Portfolio30/09/201924769-3693-7750

My ETFs have had another crazy month with huge losses, at the same time I do feel the worst drops have passed by now and it will start to stabilize in April. I will continue to invest 2500 EUR in my ETFs for now.

I guess this blog will become a great example of what happens when you start to invest in ETFs right before a crisis!


My World ETF has taken another hit. Still I will continue to add EUR here every month, as right now they are a lot cheaper, and since I buy every month I do like to buy cheap!

As you can see the drop was also (slightly) less steep then last month, so perhaps this is a first sign that it will stabilize

SPDR MSCI WORLD UCITSTotal PortfolioMonthly P&LTotal P&L


ISHARES CORE MSCI Emerging Markets IMI UCITS ETFTotal PortfolioMonthly ProfitTotal P&L


I hold 3500 EUR in startups. I started investing in 2017. This is a long term investment, but I do hope that I will see some return on it at some point.

Retirement funds

I decided not to update my retirement funds all the time since for most of the funds I get an update just once a year, so I will update it also just once a year. This is from end of 2019. I will update it again in December 2020.

November 2019Current Value
KBC Pension funds7999
First job Pension plan1467
Second job Pension plan592
Third job Pension plan12084

Wins / losses this month

  • My ETF Portfolio made 3693 EUR loss
  • My peer to peer portfolio is facing stormy clouds as I might have to write off Grupeer like I did with Kuetzal
  • So in total my worst month so far!

The blog

  • The views of my blog have dropped to 1730. This has mainly to do with the fact I blog less about peer to peer, and more about the stock market. At the same time I do get more traffic from search engines right now and I can see that my search ranking is rising slowly but certain

What is next?

I will search harder for a house, and I do hope that because of the crisis the prices will drop. I actually almost found the perfect house this month. I hesitated and didn’t made an offer. What a mistake! I hope that next time I can decide faster, but for now I will need to wait until people are allowed to sell again. Its very hard to predict right now what the effect on prices will be!

I will also post a savings rate update soon! Subscribe and make sure you don’t miss any of my monthly portfolio updates!