Crowdestor investors have funded almost 300 projects with total amount of 40 million EUR. The average interest rate is 18.5%, most projects are extremely risky and many have no collateral. So how is the overall portfolio doing?
Personally I have mixed feelings, and I know that I meet one day or another a default project or retarded.
At the beginning I just invested in projects look good for me like forest, movies, energy.
Not sure all will be repaid as well... hope yes
Since few months I made a different strategy, I'm invested in loans which have an interest and principal paid monthly with a maximum period of 12 months.
If something going wrong I don't lose all my money.
Need to analyse it, and go back to you next year to valide the strategy and the platform.
I was once involved in the recovery of a defaulted fixed asset bond. the recovery rate was 12,5%. Also if I look at my old Bondora loans, more than 50% recovery is unrealistic.
Crowdestor rates : to be good to be true ?
Probably but not for all projects.
Crowdestor give some answers about this high rate projects :
https://crowdestor.com/en/post/is-20-too-much
Personally I have mixed feelings, and I know that I meet one day or another a default project or retarded.
At the beginning I just invested in projects look good for me like forest, movies, energy.
Not sure all will be repaid as well... hope yes
Since few months I made a different strategy, I'm invested in loans which have an interest and principal paid monthly with a maximum period of 12 months.
If something going wrong I don't lose all my money.
Need to analyse it, and go back to you next year to valide the strategy and the platform.
Has anyone used the "Sell" function in Crowdestor? It's available when you navigate to "My investments".
I was once involved in the recovery of a defaulted fixed asset bond. the recovery rate was 12,5%. Also if I look at my old Bondora loans, more than 50% recovery is unrealistic.
What I found funny is that Wisefund seems to be paying on time nowadays. Fertilizer project had a small payment out of sent funds recently.