Financial summary: September 2019

This month I’ve had a large sum of money that I’ve distributed in several P2P platforms.

P2P income

gosavy.com

I’m moving out of this platform due to a lot of defaulted loans. The returns are “good”, because of late payment interest that I’m receiving for loans that do not show up in the total anymore and are considered “lost”.

finbee.lt

I’ve had to temporarily bump auto-invest amount from 100 EUR to 250 EUR so that the extra money would invested more swiftly and wouldn’t sit there idly. After all of the money was allocated to the loans, I’ve reduced the auto-invest amount back to 100 EUR as I’d like to optimise for diversification and there are plenty of loans to invest in.

paskoluklubas.lt

I’m on the fence about this platform due to an increasing number of bad loans. I want to keep some money in just so that I don’t put all of my eggs in one basket, but I won’t be putting in more money for now.

crowdestor.com

I’ve started investing here last month thanks to the high potential returns and good review found in financiallyfree.eu blog. Not enough time has passed to comment more than that.

envestio.com

I’ve started investing here this month thanks to the high potential returns and good review found in financiallyfree.eu blog. Not enough time has passed to comment more than that.

kuetzal.com

I’ve started investing here this month thanks to the high potential returns and good review found in financiallyfree.eu blog. Not enough time has passed to comment more than that.

mintos.com

I’m moving out from this platform because I no longer have additional pounds to invest due to my recent change in income (more on this here). The platform was also struggling to generate enough pound loans and eventually completely stopped issuing them.

fundingcircle.com (ISA and non-ISA)

I’m moving out from this platform because I no longer have additional pounds to invest due to my recent change in income (more on this here).

fundingsecure.com (ISA and non-ISA)

I’m moving out from this platform because I no longer have additional pounds to invest due to my recent change in income (more on this here). This is also a platform that I wouldn’t recommend to others. I will write a proper review in the next month or so.

Primary income

• +£4,683.04Salary
• +£1,134.36Stock options
• +£685.28Pension
• +£607.05Misc
• =£7,109.73

Stock options at Nested.com

Next month this will drastically increase due to my recent decision to sacrifice part of my salary for additional stock options.

Pension

Currently I’m in between pension providers, but in the next month or two AJ Bell should become my primary provider with all of my pension residing with them. I’ve transferred £10,750 to AJ Bell this month and will transfer more in the next couple of months as I receive lump sumps in EUR from the family business. I want to make full use of the £40,000 annual allowance, but won’t worry too much about maxing out my carry-forward as there’s still plenty of time to reach the £1,055,000 lifetime allowance.

Misc

• +£487.05Child support
• +£120.00Old laptop sale
• =£607.05

Child support payments will finish soon as my youngest son is going to turn 2 in a little bit less than 2 months. Also sold my old laptop, which was just sitting there gathering dust.

Cashflow for the month

• +£7,109.73Primary income
• +£941.58P2P income
• -£2,462.86Expenses
• =£5,588.45

We didn’t spend much this month so the overall cashflow is very positive.