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How Much Passive Income I Made on First Year of P2P Lending

2020 started for me with a net worth a bit over €50 000, of which about 20k was relatively liquid. I thought I had been a rather good investor for some years already. Though, deep down I knew it wasn't true. I hadn't been properly tracking progress.

In blogs, people often listed their passive income and its growth over time. I wanted that, too. To be able to say when you can support yourself through investing alone. 

I doubted I had any passive income. Yes, the 10k invested in Interactive Brokers did produce some dividends now and then but the $10 monthly account fee was taken more reliably. Account fee was not tax-deductible in my case, so, taxes ate up even more of the profit. I decided to close the account by end-of-year 2020 and only come back if I could do it from under a company and with larger sums. There was no rush and I ended up receiving the last of my money in November.

I've had less than positive experiences with P2P lending in the past but was ready to get back in there to make some regular measurable passive income. This time I even did some research and saw that Mintos was considered the most trustworthy by many others and some even had millions invested in there. Therefore, I signed up and put a whopping €50 there in May.

By the end of 2020, I had deposited 10k to Mintos and a couple hundred to other platforms just to try them out and get sign up bonuses. I decided early on to not buy anything without buyback guarantee or some form of insurance.

Here you can see how much passive income I received from each platform per month and per year:

DateMintosTwinoViainvestPeerberrySUM
1-202000000
2-202000000
3-202000000
4-202000000
5-20205.190005.19
6-202030.6100030.61
7-202013.900013.9
8-202016.0500016.05
9-202017.6315.3115.240.4948.67
10-202020.660.951.080.8223.51
11-202033.40.981.740.836.92
12-202077.271.581.760.881.41
2020 SUM214.7118.8219.822.91256.26

As you can see, both Twino and Viainvest paid a €15 sign up bonus and I don't refuse free money. You should get the same by clicking on these wonderful referral links. Twino required €100 to be invested and Viainvest €50, to get the sign up bonus. I didn't get any bonus from Peerberry as their minimum deposit in the first 30 days, to qualify for the bonus, is €500 and apparently I didn't deposit as much.

In June, the amount of profit from Mintos it not passive as I was manually buying up discounted loans with buyback guarantee as entertainment for someone who doesn't trust the site yet. 

To conclude, I made €256.26 in total across all platforms, was happy with the results and decided to continue with P2P and most of all Mintos. It gave me over 14% gross return and it is fun to watch more money come daily and monthly. Most of the year I had only very small sums invested, this year, I am hoping to make about €200 per month or €2400 per year. Let's see how it turns out!
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