Alternative Investment Portfolio – Dec 2023

    Wishing everyone a prosperous 2024!

After starting the year with whispers of a crash, Wall Street surprised everyone with a dramatic bull market. Even unexpected events like the US banking crisis and the Israel-Hamas conflict couldn’t derail the rally. Major US indexes not only recovered from 2022 losses but reached all-time highs, fueled by:

  • Brighter economic forecasts: Recession fears faded, replaced by optimism about a “soft landing” and promising progress on inflation.
  • Shifting Fed policy: The Federal Reserve’s easing tone hinted at potential rate cuts in 2024, boosting investor confidence.
  • Risk-taking frenzy: Investors embraced riskier assets, leading to skyrocketing returns in cryptocurrencies and semiconductors. The S&P 500 surged over 25%, bolstered by gold’s 13% gain and a weaker dollar.

However, not all was sunshine and rainbows:

  • Chinese stocks lagged: Investors remain wary of China’s bumpy recovery, causing the Hang Seng Index to plummet 17%.
  • Oil prices fell back: After a stellar 2022, oil prices retreated due to softened demand and easing supply constraints.

The Indian market was the second-best performer in the world after Brazil propelled by strong BJP performance in the state elections hinting at a strong majority in the 2024 national elections.

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Alternative Investment Portfolio Updates

  • This month I added a new platform and also invested in it. The platform is called Altdrx which allows fractional ownership of real estate. The platform currently has 2 types of opportunities

Private and FSO( First Square Offer) that can be compared to venture investment and IPO for real estate. I am investing in the private opportunity as expected IRR can be up to 20%  for 2 to 3 years of investments.

Unlike real estate debt here you own the underlying asset hence, there is no default risk. The biggest risk of investors is illiquidity which has been lowered through creating the secondary investment and trading market.

I have invested in the Private Opportunity with an expected yield of 15-25% in 2 years.Will be sharing updates on my investment portfolio over the next few months.Generally, I avoid investing large amounts in new platforms but I found the deal and platform quite exciting! Our review of AltDRX 

 

  • I have also created a new section in the Website Blacklist” that contains the table of platforms I am avoiding due to bad past performance or being skeptical about their structure. Request all to comment and add platforms based on your diligence and research. I feel many platforms have mushroomed under the guise of ALternative investment and may be fraud or ponzi schemes hence it is important to do more research before deploying capital.

Latest NPA/Delay Details

To provide more comprehensive information on deals performance on platforms, I have collected the performance of multiple users of these platforms and created an NPA statistic. The benefit of this is that even though my deals are going well in a platform, this will give the overall performance of the other deals on the platform that I might not have invested in.

  • Arzoo has delayed the repayment of its invoice on Jiraaf. It is expected to be paid in January. I will update the NPA status post-January and share the progress
  • Exapmur has delayed payment on Tapinvest for a few days. They have already shared updates and payment is expected this month.

Lending Investment

Platform Returns RD NPA Total NPA
Grip Invest 10-12%(Post-Tax) 0.00% 0.30%
Klubworks 20%+ 0.00% 0.70%
WintWealth 10-11.5% 0.00% 0.00%
Jiraaf 12-15% 0.00% 0.00%*
Sustvest 10-11% 0.00% 0.00%
Afinue(Upcide) 13%(Post Tax) 0.00% 0.00%
Pyse 10-11%(Post-Tax) 0.00% 0.00%
Growpital 12%(Tax Free) 0.00% 0.00%
Leafround(Tapinvest) 15-18% 0.00% 0.00%
Altifi 12.5% 0.00% 0.00%
Betterinvest 16%-18% 0.00% 0.00%
Incred Money 11.0% 0% 0%
  • All my cash flows in Klubworks, WintWealth, Jiraaf, TapInvest, and GripInvest are per schedule.
  • Participated in the new Betterinvest deal
  • Participated in Leasex Cherise on Gripinvest
  • Invested in 2 invoices and 1 Asset leasing opportunity on TapInvest
  • Sustvest had a new opportunity recently with post-tax returns of 11%. My sustvest opportunity is paying on time.

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Invoice Discounting and Pooled Loans

Platform Returns RD NPA Investor NPA
Liquiloans (Liquid Fund Substitute) 9% 0% 0%
Tradecred 11.50% 0% 0%
Lendbox (Per Annum Liquid Fund Substitute) 11.50% 0% 0%
Lendzpartners 13.00% 0% 0%
IndiaP2P 16% 0.25% 0.10%
KredX 12% 0% 0.75%
13  Karat (new) 13% 0% 0%
  • Lendbox Per Annum returns are as per expectations with seamless liquidity. Current yield 11.69%
  • Using Liquiloans/Per Annum to Park Short-term Capital.
  • Participated in  Boehringer Ingelheim deal on Lendpartnerz
  • Started investment journey with 13 Karat P2P
  • Invest in 2 Kredx Deals –  Lenskart and  Nayara Energy

 

Crypto Investing

Crypto Investment during the winter has finally fructified! The performance of Crypto is nothing short of stellar. Below is the performance crypto from 2022 when the Crypto crash happened.

At this level, I am risking off and cutting my position in half mostly from Solana which has gone 5x from my buying level though some people were able to bottom fish and got 10X in a year.  Will be adding some small-cap Crypto that has not moved much as they can provide high beta exposure in a bull run!

You can buy Hardware Wallets on Etherbit

P2P Investment

Current allocation:

  • India P2P – 50%
  • 12Club – 5%
  • I2IFunding- 20%
  • Finzy-10%
  • Faircent Pool Loan -15%
Platform Loans Selected Yield NPA
I2IFunding(Restarted) Urban Clap Loans, education loans, Group loans 13.5% 4.8%
IndiaP2P Only Women Borrower Loans, Branch-based p2p lending 17% <1%
FINZY(Paused) Prime Borrowers, High Salary, A category 13% 3.7%
12 Club Only Minimum amount 12% 0%
  • I got the opportunity to interview IndiaP2P founder Neha Juneja. It was insightful. Interview Link
  • I2Ifunding (get 50% off) has again started doing more volume. I have deployed some capital. I have been using the platform since 2017 and is the only platform that was able to get investors positive returns after Covid! Will be doing a 5 year review soon and try to have an interview with the founder.
  • The systematic investment plan loan on Faircent ( Only SIP Loan) is doing fine. Not adding more capital at the moment.

Equity Market

PreIPO Stocks

A few months back we highlighted that Waree Energy has been in a lot of demand in the gray market. They have recently filed for an IPO. Based on the valuation 1500+ level of listing is expected. Investors who we able to enter at 800-1000 levels this year might get windfall profits.

NSE has been consistently increasing profits every quarter. The uncertainty of the listing date is the only reason that has not allowed to price to cross 4000 in the unlisted market

NSE volume growth

Listed Stocks

The market has been on steroids with every week bringing new highs. The election rally may take it to further heights but I am avoiding taking any large incremental investments at these levels. The US market has hit an all-time high with Nasdaq giving almost 50% returns from the bottom. I was able to invest in Nasdaq at those levels but could not take a large bet.

Algo Trading

Our Algo and Manual Option trading gave a 1% return in November. The trending market prevented us from making higher returns. Hopefully, January will help us to deliver higher returns.  Investors who are just starting algo trading can explore tradetron as it requires a minimum learning curve and marketplace to copy traders.

It is evident from returns that’s hard to predict the distribution of returns as that is the function of market behavior. On an annualized basis 20-30% is a decent target.

Investors with INR 30+ Lakh deployable capital can reach out to inquire on more sophisticated algos

Other Alternative Investment Assets  and Platform Updates

ALYF – Alyf is an upcoming platform that provides fractional ownership of holiday homes in tourist destinations. Currently 2 opportunities with < 15 Lakh investment are available in Alibaug and Goa.Interested people can register and get a call from their team.

These opportunities make even more sense for that investor who would also like to spend time in this rather than just being a passive investor.

Growpital Investment – Growpital payments have been on time. They have recently created a WhatsApp group for partners that is very helpful for investors to discuss queries.

Growpital(Promo code GROWRDIMES)

Leasify Investment – Leasify generally has low volume as they are bootstrapped hence I do not expect to see many deals on the platform for a couple of months. The current deals are doing fine.

Wisex- My investment in Wisex has been performing as expected. It is more than 2 years since I made my first investment in Times Square Property Mumbai through Wisex.

There is a Securitized debt Investment opportunity live on the platform with an IRR of 13.26%

 

Read more

Alt DRX Review – Invest in 1 Square Feet of Real Estate

In the dynamic realm of real estate investing in India, a transformative shift is underway, reshaping traditional approaches and democratizing access to lucrative opportunities. With the evolving economic landscape and changing investor preferences, the real estate sector is experiencing a notable surge in innovative investment models. Investors are steering away from conventional full-property ownership and … Read more

Tap Invest Review (Formerly Leafround)

 India has witnessed a surge in investment technology, or “invest-tech,” platforms that empower individuals to explore opportunities beyond traditional avenues. Recent times have seen a notable rise in platforms facilitating investments in unconventional assets like invoice discounting and asset leasing, offering a fresh perspective on how money can work for us. These platforms aim to … Read more

Fello Review: Saving, Earning, and Gaming All in One

In a world where technology is continually reshaping our lives, mobile applications have become indispensable tools. They’re not just for communication and entertainment; they’ve also infiltrated the world of personal finance. Among the several fintech apps, one brings to you a unique and engaging way to save, invest, and even have fun while doing so … Read more

Alternative Investment Portfolio Analysis – Nov 2023

randomdimes

The Nifty50 rose 6.77 percent during the November month F&O expiry. During the same period during  S&P 500 has risen 11 per cent from its October lows. We put it in familiar, fundamental terms: investors believe we’ve seen the peak in rates, inflation is slowing, profits are rising, and sentiment is improving.

The recent rally has left some hedge funds with an estimated $43 billion in losses after betting on equities to move lower, Some institutional investors had built up short-bets against companies they thought would buckle amid the higher-rate environment. However, with confidence returning to markets, some of those trades aren’t panning out. Some hedge funds have had to repurchase stocks to cover their short bets as a “short squeeze” pushed share prices even higher.

The Goldman Sachs index that tracks the S&P 500 names with the highest total dollar value of short interest outstanding is on pace for its best month since last October.

 

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Alternative Investment Portfolio Performance

This month we have explored 2 platforms :

  1. 13 Karat
  2. Hecta

We have invested a small amount in 13 karat and will be sharing monthly reviews. I expect the platform to do well as it is backed by  Cashe and utilizes its credit underwriting and borrower pool. Cashe has been in business for more than 5 years has had a very low NPA and has shown good profitability.

Hecta is a platform focused on repossessed properties. It is a great platform for someone looking to purchase a real estate property for investment or ownership as some of the properties can be purchased at a 20-30% discount from the market rate.

 

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*Updated NPA  Details

To provide more comprehensive information on deals performance on platforms, I have collected the performance of multiple users of these platforms and created an NPA statistic. The benefit of this is that even though my deals are going well in a platform, this will give the overall performance of the other deals on the platform that I might not have invested in.

Please note NPA does not mean that a platform is bad. NPA can be due to 2 factors

  • Higher vintage or transaction volume
  • High yield or higher risk opportunity

Investors should evaluate the NPA  along with Gross returns on the platform to make investment decisions.

Eg a platform with a 20% return and 2% NPA is better than a 10% return and 1% NPA.

Lending Investment

Platform Returns RD NPA Total NPA
Grip Invest 10-12%(Post-Tax) 0.00% 0.30%
Klubworks 20%+ 0.00% 0.70%
WintWealth 10-11.5% 0.00% 0.00%
Jiraaf 12-15% 0.00% 0.00%
Sustvest 10-11% 0.00% 0.00%
Afinue(Upcide) 13%(Post Tax) 0.00% 0.00%
Pyse 10-11%(Post-Tax) 0.00% 0.00%
Growpital 12%(Tax Free) 0.00% 0.00%
Leafround(Tapinvest) 15-18% 0.00% 0.00%
Altifi 12.5% 0.00% 0.00%
Betterinvest 16%-18% 0.00% 0.00%
Incred Money 11.0% 0% 0%
  • All my cash flows in Klubworks, WintWealth, Jiraaf, TapInvest, and GripInvest are per schedule.
  • Participated in the new Betterinvest deal
  • Invested in 3 invoices and 1 Asset leasing opportunity on TapInvest
  • Invested in 1 invoice on Jiraaf.
  • Sustvest had a new opportunity recently.
Randomdimes Youtube

Top Deals Live

Gripinvest
Jiraaf

 

Invoice Discounting and Pooled Loans

Platform Returns RD NPA Investor NPA
Liquiloans (Liquid Fund Substitute) 9% 0% 0%
Tradecred 11.50% 0% 0%
Lendbox (Per Annum Liquid Fund Substitute) 11.50% 0% 0%
Lendzpartners 13.00% 0% 0%
IndiaP2P 16% 0.25% 0.10%
KredX 12% 0% 0.75%
13  Karat (new) 13% 0% 0%
  • Lendbox Per Annum returns are as per expectations with seamless liquidity. Current yield 11.65%
  • Using Liquiloans/Per Annum to Park Short-term Capital.
  • Have invested in 7 deals to date on Lenderpartnerz. The latest investment was in French Connection invoice.
  • Started investment journey with 13 Karat P2P

Crypto Investing

Bitcoin’s bull run has sustained during the last couple of months. My crypto portfolio is now higher than Bitcoin’s peak value because I had brought more crypto when the market was going through a prolonged winter.

On November 28, Binance.US announced the resignation of Changpeng Zhao, the founder and former CEO of Binance, as chairman of the Binance. The move comes after Zhao pleaded guilty to federal charges imposed by the US Department of Justice (DoJ) and agreed to pay a $4.3 billion fine. In the same case, Binance agreed to pay $4.3 billion settlement charges for failing to adhere to anti-money laundering (AML) regulations and violating sanctions law.

Interestingly unlike in 2021 when crypto crashed after Sam Bankman’s news, the market did not show much nervousness indicating more maturity.

You can buy Hardware Wallets on Etherbit

P2P Investment

Current allocation:

  • India P2P – 55%
  • 12Club – 5%
  • I2IFunding- 15%
  • Finzy-10%
  • Faircent Pool Loan -15%
Platform Loans Selected Yield NPA
I2IFunding(Paused) Urban Clap Loans, education loans, Group loans 13.5% 4.8%
IndiaP2P Only Women Borrower Loans, Branch-based p2p lending 17% <1%
FINZY(Paused) Prime Borrowers, High Salary, A category 13% 3.7%
12 Club Only Minimum amount 12% 0%
  • I have completed 1 year of using IndiaP2P with steady performance. I am steadily increasing my capital on this platform.
  • I2Ifunding and Finzy have a very low volume of loans and I haven’t added any new capital in the last 5 months.
  • The systematic investment plan loan on Faircent ( Only SIP Loan) is doing well

IndiaP2P Performance

Equity Market

PreIPO Stocks

Tata Technologies made a bumper debut, listing at a 140 percent premium and then rising nearly three-fold the IPO price. The stock opened at Rs 1,200 on the NSE and at Rs 1,199.95 on the BSE, while its issue price was Rs 500. It jumped 180 percent over the IPO price to Rs 1,400 within minutes.

*Altius Investech* had first invested in TATA tech @ 13/sh back in 2014. Since then the company has grown steadily with the share price increasing progressively.
2015 – 20
2017 – 80
2019 – 160
2021 – 430
2023 – 850

From the first investment – that’s a 100X return! This does not mean that all stocks will have similar performance but a strong portfolio of well-researched unlisted shares can deliver strong returns as price discovery is less in unlisted space compared to listed.

Waree Energy is another stock that is in demand in the unlisted market.

Listed Stocks

The market took a complete reversal in November and NSE reached an all-time high! The mid-cap sector is also on fire.

Indian stock market achieved a milestone, touching $4 trillion in market capitalization (m-cap) for the first time. The optimism on Dalal Street has its roots in the way India is uniquely placed among global economies. At a time when the global economy is facing the twin problem of high inflation and slowing growth, with even the world’s growth engine China not showing a sign of recovery, India has taken center stage. Many global agencies have upped the FY24 GDP forecast for India and several global brokerages retained India ‘overweight’ in their model portfolios despite strong gains.

However, when everybody is greedy it’s good to show some restraint and avoid adding large positions at these levels.

Algo Trading

Our Algo and Manual Option trading gave a 1.3% return in November. Due to large intraday moves, it was tough to make money in non-directional strategies.  Investors who are just starting algo trading can explore tradetron as it requires a minimum learning curve and marketplace to copy traders.

Investors with INR 30 Lakh deployable capital can reach out  here for inquiry on more sophisticated algos

 

Other Alternative Investment Assets  and Platform Updates

ALYF – Alyf is an upcoming platform that provides fractional ownership of holiday homes in tourist destinations. Currently 2 opportunities with < 15 Lakh investment are available in Alibaug and Goa.Interested people can register and get a call from their team.

Growpital Investment –  The performance of the platform has been satisfactory till now as the payments have been on time to date. Of late the platform is becoming more popular with frequent coverage in media!

Growpital(Promo code GROWRDIMES)

Leasify Investment – Leasify recently launched the 3rd tranche of Bhadepay on the platform. 

Wisex- My investment in Wisex has been performing as expected. There is a Securitized debt Investment opportunity live on the platform with IRR of 13.26%

 

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