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Post by wayne12 on Mar 4, 2018 17:19:36 GMT
Hi there, got a question about the SM on WA. First off Im not an investor in WA just been observing it for a while and Im wondering how easy it is to sell your bond notes if the need arises.
Thank you.
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Nomad
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Post by Nomad on Mar 4, 2018 19:22:06 GMT
Hi there, got a question about the SM on WA. First off Im not an investor in WA just been observing it for a while and Im wondering how easy it is to sell your bond notes if the need arises. Thank you. I put a few small holdings up for sale recently and they went within a few days.
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Post by wayne12 on Mar 4, 2018 20:11:01 GMT
Thanks for the quick response.
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kaya
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Post by kaya on May 15, 2018 15:42:20 GMT
As far as I am aware WiseAlpha are doing okay. Hope so, as I have a bit of equity! No joining/referral offers at present as far as I know. They buy bonds at the current market price and offer them to us at that same price, I believe. I know nothing of their tax reports! As for risk, it is up to the investor, higher rate is higher risk usually, naturally. As you point out, New Look has been a terrible buy for WiseAlpha, and thus for us investors who bought some. House of Fraser is not looking too good either. Wisealpha are right of course to point out their successes ( Matalan, Tesco ) but that is just half the story.
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Post by wisealphateam on May 15, 2018 16:11:03 GMT
Hi Paul, You can use the code P2P2018 to get a £10 sign up bonus. For some of your other questions: You can see the breakdown of price, principal, market value and accrued interest when you start the buy order process and before you enter the amount you want to invest. We generally buy in £100k-£200k chunks and try to reflect the opportunities available in the market. We do try to get a good entry point but at the end of the day we are providing access for people to make their own decision on what to invest in. In general we are less hands off than the P2P sites where you rely on the platform a lot more to do the DD because the info is generally a little more opaque - here the choice of which investments to make is solely yours. It's worth looking at the company description page e.g. www.wisealpha.com/loan/detail/76/yell to see the detail about the company and links to further info to help you make a decision as to what bond to buy. Companies don't always grow strongly and sometimes have dips in financial performance but that doesn't mean they won't be able to pay back their bonds so taking a medium term view is sensible for this asset class but always realising your capital is at risk and even big companies can go bust (even though it is not as regular as SME loans). And you occasionally get an unexpected windfall where there is a corporate event like an early buyback/merger or if you bought below par. In terms of tax reports we don't call it that but you the investment summary report (MyAccount>Reporting>Investment Summary gives you all the details you need to fill in your personal tax statement such as actual interest received to date within the time periods you select.
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liso
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Post by liso on May 15, 2018 16:14:54 GMT
Yes, there's a referral offer currently extended to the end of June - £50 to the referrer, and £25 upwards to the person joining. IIRC it's £25 for an investment up to 5K, £50 up to 10K and so on....
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Nomad
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Post by Nomad on May 15, 2018 16:17:05 GMT
Thinking of joining as an individual with about £3k+ It’s very quiet around here, is wiseAlpha still doing well as far as anyone can tell? I'm happy with my investments at this stage and know of nothing adverse. Then again, I was saying much the same about Archover a little while back...
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macq
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Post by macq on May 15, 2018 16:56:16 GMT
Hi Paul, You can use the code P2P2018 to get a £10 sign up bonus. For some of your other questions: You can see the breakdown of price, principal, market value and accrued interest when you start the buy order process and before you enter the amount you want to invest. We generally buy in £100k-£200k chunks and try to reflect the opportunities available in the market. We do try to get a good entry point but at the end of the day we are providing access for people to make their own decision on what to invest in. In general we are less hands off than the P2P sites where you rely on the platform a lot more to do the DD because the info is generally a little more opaque - here the choice of which investments to make is solely yours. It's worth looking at the company description page e.g. www.wisealpha.com/loan/detail/76/yell to see the detail about the company and links to further info to help you make a decision as to what bond to buy. Companies don't always grow strongly and sometimes have dips in financial performance but that doesn't mean they won't be able to pay back their bonds so taking a medium term view is sensible for this asset class but always realising your capital is at risk and even big companies can go bust (even though it is not as regular as SME loans). And you occasionally get an unexpected windfall where there is a corporate event like an early buyback/merger or if you bought below par. In terms of tax reports we don't call it that but you the investment summary report (MyAccount>Reporting>Investment Summary gives you all the details you need to fill in your personal tax statement such as actual interest received to date within the time periods you select. As a couple of people have mentioned New Look as a bad buy are you saying its only a bad buy(or good for other bonds)if you can buy & sell at market rates during the life of a bond? As once bought your notes don't seem to change at market rates so unless an early buyback like the Tesco issue hopefully all other notes will return to par at redemption so the main risk would be paying a high premium (but there is still the yield) or am i missing something?
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beh
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Post by beh on May 16, 2018 21:31:38 GMT
I've been with them almost a year. Have invested in 20+ different notes, it's definitely too early to judge but ~7% xirr (I had Matalan but also have a small amount of New Look). I've tended to lean towards the higher risk/yield stuff but there's a good few options at 5% and below too.
They keep buying new bonds, presumably to meet demand, so I trust they're doing ok? I'd like to see them do well as I think it's a nice idea for a platform.
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kaya
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Post by kaya on May 18, 2018 17:54:03 GMT
Indeed macq New Look is only a 'bad buy' if you want to sell now, or if they go bust and fail to pay back. Otherwise, it will work out okay, if held to maturity. I believe the secondary market was even suspended for New Look bonds?? Not sure what the situation is now.
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Post by Duane Dibley on May 21, 2018 19:10:43 GMT
Yes, there's a referral offer currently extended to the end of June - £50 to the referrer, and £25 upwards to the person joining. IIRC it's £25 for an investment up to 5K, £50 up to 10K and so on.... The Welcome Bonus no longer applies to new joiners but is anybody willing to split their £50 referral bonus 50:50? www.wisealpha.com/promos/platform-referral-termsSorted thank you
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elliotn
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Post by elliotn on Oct 29, 2018 7:33:49 GMT
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Post by Wisealpha on Oct 29, 2018 10:21:47 GMT
Hi Elliot,
We are planning a promotion in November so will update this thread when released.
Kind regards,
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panzer
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Post by panzer on Dec 30, 2018 2:22:52 GMT
Hi Elliot, We are planning a promotion in November so will update this thread when released. Kind regards, Hello Wisealpha , Any updates regarding promotions? Thanks. wisealphateam
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 2, 2019 14:59:39 GMT
Hi Elliot, We are planning a promotion in November so will update this thread when released. Kind regards, Hello Wisealpha , Any updates regarding promotions? Thanks. wisealphateam I was thinking of trying this out. Incentives always help. What’s minimum individual amount?
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