- P2P interest: EUR 281.46 for May, +19.1% on the prior month.
- Mintos led with 58.0% of the month's interest.
- Meesman ETF fund price moved +7.03% over the month.
01Income & performance
May produced EUR 281.46 in net P2P interest after tax. That’s up +19.1% on the previous month.
| Platform | Interest | Share | Return on position |
|---|---|---|---|
| Mintos | EUR 163.28 | 58.0% | 1.05% |
| PeerBerry | EUR 73.43 | 26.1% | 0.71% |
| Nectaro | EUR 44.75 | 15.9% | 0.94% |
| Total | EUR 281.46 | 100% |
The "return on position" column is that month's interest over the position's value at the start of the month -- a monthly rate, not annualized. Income figures are net interest received after withholding tax, straight from each platform's export.
02Transactions
- Mintos: +EUR 2000 added — deployed into ESTO bonds at 10.5% p.a., purchased at a slight premium above par. The premium reduces the effective yield and pulls my Mintos XIRR down modestly versus the coupon rate; this is expected and priced in.
- Mintos / Nera Capital: sold a further 40% of my original Nera Capital Notes exposure at a 20% discount. This is the first time I have sold a position for a loss. Nera had been one of my best XIRR contributors at 14–17% yield, but after the missed principal repayment on 20 May and no clarity on recovery timeline, holding at even a reduced size was no longer rational. I still hold the final 10% — selling that last tranche at the current market price would cost more than waiting to see if the SRA review resolves favourably. I'll update as the situation develops.
- Meesman ETF: +EUR 300 -- automatic monthly contribution.
03Portfolio development
Allocation across the four positions at the end of May in euros and percent:
- Mintos P2PEUR 17,513 · 36.4%
- PeerBerry P2PEUR 10,376 · 21.5%
- Nectaro P2PEUR 4,785 · 9.9%
- Meesman ETF Global equitiesEUR 15,484 · 32.2%
04Platform notes
Mintos -- bond coupons are lumpy, so its monthly interest swings; May came in at EUR 163.28 (a 1.05% return on the position for the month).
PeerBerry -- steady as ever at EUR 73.43, about 0.71% on the position. It just keeps paying.
Nectaro -- EUR 44.75 this month. I trimmed it earlier in the year, so the income dipped with the smaller balance; I'm letting it grow back toward EUR 5k.
ESTO bonds (Mintos) -- Bought into ESTO's fractional bond at 10.5% p.a. with a slight market premium. The premium means my entry yield is marginally below the coupon — it will suppress the realized XIRR slightly compared to the headline rate until the bond matures (July 2027). Still a compelling addition: ESTO is one of the strongest originators on the platform by any credit metric.
Nera Capital (Mintos) -- Sold a further 40% of my original Nera exposure at a 20% discount to par. This is the first loss I've taken on a P2P position. Nera had been a reliable 14–17% XIRR contributor for years — one of the better income generators in the book — which makes this particularly frustrating. The missed principal repayment on 20 May and ongoing SRA regulatory review left no credible near-term recovery path. I hold a residual 10% position; at this discount it's not worth selling the tail, but I'm not adding. Lesson reinforced: opaque litigation-funding structures deserve very small position sizes regardless of the yield.
Compare the platforms I actually use
Regulation status, my realized return and the single risk I'd flag for each -- sortable, no affiliate ranking.
05Market & news
A busy month. PeerBerry funded EUR 35.6M in loans (+35% on April) and announced rate increases from 3 June, with several short-term originators moving to around 10%. (PeerBerry) Nectaro launched "AutoPilot", an auto-invest-everything tool -- convenient, but it removes the originator selection that's the whole point of being picky, so I'll pass. And Mintos' Nera Notes missed their first scheduled principal repayment (due 20 May) amid the ongoing SRA review; the recovery timeline is now genuinely anyone's guess. (Mintos update)
06What I'm watching
- Nectaro's income recovering as I let the position build back toward EUR 5k.
- Mintos' realized return catching up as the quarterly and half-yearly bond coupons pay out.
- Keeping cash drag low while staying picky about new notes.
07Year-to-date returns
With current account values reconciled, here are the real annualized returns (XIRR) on each position, net of fees, tax and realized capital costs:
| Position | Return p.a. | Allocation |
|---|---|---|
| Nectaro | 13.38% | 9.8% |
| PeerBerry | 9.19% | 21.3% |
| Mintos | 7.56% | 36.0% |
| Meesman ETF (global equity) | +12.59% | 32.8% |
| Weighted P2P | 8.93% | 67.1% |
The headline that surprises people: Mintos has the most money but the lowest annualized return (7.56% p.a.). That's mostly a timing artifact, not weak performance: my Mintos holdings are bonds with mixed coupon schedules -- some pay monthly, others quarterly or only half-yearly -- so over a five-month window a large share of the interest I've already earned hasn't been paid out yet, and a realized XIRR only counts cash actually received. The figure should climb as the quarterly and semi-annual coupons land. Meanwhile Nectaro has quietly been my best P2P performer at 13.38%; I trimmed it recently but I'm letting it grow back toward EUR 5k.