P2P Lending: 17 months in

A lot has changed since I last updated my P2P lending endeavour (See: P2P Lending: 13 months in)

For one,  Funding Societies Malaysia has revamped the user interface of its mobile app on Android platform. The new interface gives more clarity and transparency regarding all facets of your P2P investments. And, it’s hard to deny that it looks splendid too.

At a glance, I can easily ascertain the performance of my P2P lending investment which, at the time of writing, is 11.93% per annum. This is a mild increase from the 11.84% since my last update in August 2018.

From the above screenshot (on the left), the dashboard of my account now clearly states “Total Income” which constitutes interest, late interest and bonus due to referrals.

From there, it is easy to determine that I’ve profited a total of RM440.48 of interest (inclusive of late interest). By comparing that to the interest received (including late interest), in August 2018, in the amount of RM271.81 (See:  P2P Lending: 13 months in), my returns increased by RM168.67 or a whopping 62%. This is achieved by consistently reinvesting all of the interest which I have earned since the onset of my investment in P2P lending through Funding Societies Malaysia. This exponential increase, to me, is a sound indication of the workings of compound interest.

In selecting a loan/note in which to invest, I either self-pick or use autobot. Autobot is a feature by Funding Societies Malaysia wherein you set your investment perimeters and your funds will be automatically invested in any loan/note that matches your perimeters. It is very helpful feature where time is constraint. On the other hand, when self-picking, I usually review the fact sheet of each loan/note and apply a number of considerations to ascertain whether the loan/note under consideration is viable for investment. See: P2P Financing Tips

And if you can’t already tell from the eye-catching information, which can be easily noticed from the left screenshot of the dashboard above, there are no defaults on my principal.

Spurred by much success from P2P Lending, through Funding Societies Malaysia, I did not hesitate to deposit additional RM2,000.00 into my account on 1 December 2018. As it stands, I’ve deposited a total of RM5,000.00 and intend to invest more, next year.

Until then, happy investing! Merry Christmas and a happy new year!

REFERRAL PROGRAM

If you are new to P2P lending, or would like to add some diversity to your investment portfolio to include P2P lending, you’d be delighted to know that Funding Societies Malaysia has a referral program where they will top up an additional RM50.00, FOR FREE, into your account, once you have deposited and invested a minimum of RM1,000.00.

To participate in this promotion, please register an account via this LINK (be careful not refresh the link before completing the registration as it will affect the promotion code), or alternatively, use the promotion code: j1mzpcw5 when registering through Funding Societies Malaysia.

 HELPFUL LINKS

Click the link if you would like to know more about investing in P2P lending with Funding Societies Malaysia.

If you enjoy reading this write-up, please share and like Bursa:Going Long on Facebook for more updates and analysis of investment-related topics.

If you are keen on reading all things P2P lending, click on this LINK.

 

December 2017 Portfolio Report

Dear Readers

The overall sentiment in November and December remained bearish and that was reflected by a retreat of Bursa index. This is due to the overall uncertainty with regard to the impending general election.

KEEP_CALM_28

However, things began picking up since mid-December, with much credit to fund managers, who are window-dressing their portfolios, as they head towards the end of the financial year. The fund managers are selling unprofitable counters and purchasing stocks with momentum (Hengyuan), with a prospect that a last minute hoorah, would ensure that the funds under their stewardship would prevail against whatever designated benchmarks.

I think it’s fair to say that prior to the fund’s window-dressing exercise, most investors’ portfolios suffered significant retreat, in profit. Same can be said from yours truly. My portfolio’s profit was reduced from 21.5% in the beginning of  November 2017 to 15.9%, at the end of beginning of December 2017. At times like that, you begin to question the validity of your stock picks, and more importantly, your conviction. No doubt it is damaging to morale. The constant thoughts of selling your shares at fire sale prices, to preserve whatever shrinking profit that remains, is ever-present.

But, don’t be overwhelmed or fixated by the prices of shares (of course easily said than done). They don’t mean anything other than a price. Look instead at the fundamentals of a company as they are omnipotent over share prices. If fundamentals have yet changed, why should you be obsessively concerned with the prices of shares? The market is irrational as it is filled with traders, who speculate, fund managers, who window-dress, but at the end of the day,  fundamentals will prevail.

COUNTER COMPOSITION (%) AVERAGE PRICE LAST PRICE GAIN/LOST (%)
3A 6.30 1.18 1.00 -15.14
AIRASIA 28.01 2.79 3.35 19.72
CIMB 35.84 5.78 6.54 13.25
DNEX-WD 9.21 0.23 0.21 -9.20
EKOVEST 12.91 1.16 0.92 -20.54
EVERGREEN 6.16 0.84 0.65 -22.59

Total portfolio gain for 2017: 21.90% 

Have a Happy New Year and thank you for reading! If you enjoy reading this write-up, please share and like Bursa: Going Long on Facebook for more updates, analysis and investment opportunities.

If you would like to see the evolution of my portfolio. Check out my previous months’ portfolio update HERE.

Reference:
  1. http://www.theedgemarkets.com/article/malaysian-share-gain-sustainability-eyed-fund-managers-window-dress