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Post by gravitykillz on Jul 10, 2019 9:10:40 GMT
Just noticed they are now advertising euro denominated bonds on wa. Burger king France and Netflix and one other company which I cannot remember. Just wanted to know if anyone has purchased these in sterling and if there are any pros/cons regarding these bonds. Interest would also be paid in euros. Also what exchange rate do they use ? They look tempting but I want to learn more before investing in these.
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Post by gravitykillz on Jul 10, 2019 11:24:41 GMT
You have to deposit in euro Ok that's put me off. I don't have euros nor a euro bank account. Shame as I was willing to purchase in sterling
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Post by bobsmydog on Jul 10, 2019 15:26:59 GMT
I'm right. They discuss using Revolt. www.revolut.com/en-FR/our-pricing-plansIt's free for a "Free Euro IBAN account"I was put off using Revolut as you can only operate the account using a mobile phone and not a PC. Fat fingers and old eyes are not conducive to making accurate financial transactions on a phone!
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Post by gravitykillz on Jul 10, 2019 18:36:20 GMT
Yes but are the benefits worth all this extra hassle? For me I would have to say no not at present. But hey if I ever move to Denmark I will totally invest.
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Post by Ace on Jul 10, 2019 20:57:02 GMT
I know nothing about WA, have never even looked at the platform, but I do have a Revolut account. It was really simple to set up and use. I initially got it to be able to try out Mintos, Robocash and Grupeer. It's turned out to be really useful when travelling in Europe. I no longer need to take loads of euros with me.
Anyway, just thought you'd like to hear from a Revolut user. I really wouldn't let not having a euro account affect your decision.
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beh
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Post by beh on Jul 11, 2019 10:31:17 GMT
I used Revolut to make a € deposit with WA and it was very straightforward. Received confirmation that the funds had been credited within 1 working day of making the transfer.
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Post by gravitykillz on Jul 11, 2019 16:35:21 GMT
I know nothing about WA, have never even looked at the platform, but I do have a Revolut account. It was really simple to set up and use. I initially got it to be able to try out Mintos, Robocash and Grupeer. It's turned out to be really useful when travelling in Europe. I no longer need to take loads of euros with me. Anyway, just thought you'd like to hear from a Revolut user. I really wouldn't let not having a euro account affect your decision. Check out wisealpha. It's mainly about investing in secured/non secured company bonds. And they pay dividends. I am quite enjoying it. Sometimes the business even buy back their bonds at a premium!
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Post by gravitykillz on Jul 12, 2019 10:21:48 GMT
Check out wisealpha. It's mainly about investing in secured/non secured company bonds. And they pay dividends. I am quite enjoying it. Sometimes the business even buy back their bonds at a premium! So am I, YTM over 11%! That's much better than most "crowd" sites. What wa bonds are you invested in ?
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p2pfan
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Post by p2pfan on Jul 15, 2019 21:55:16 GMT
Thank you for the insights into WA. I've been investigating it for quite a while, in order to diversify away from P2Ps.
What's your delay / default ratios been on the bonds, if I may ask?
I am curious as regards the credit rating agency ratings for the investments on the platform. Most of these are ‘B’ rated with S&P etc. These are classified as not being prime. The ratings agencies go as far as to call them "speculative".
This is naturally highly concerning and has been the main reason I've not invested with WA.
Considering many of them are major, long-established brands, why are they rated ‘B’ or ‘B1’ i.e. relatively high risk?
Have these companies failed to pay bond interest or capital at any time in the past?
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Post by gravitykillz on Jul 16, 2019 5:10:21 GMT
I only started investing with wa in January and I have a policy of avoiding retail bonds. I have not had any issues or lost any money as of yet.
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p2pfan
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Post by p2pfan on Jul 16, 2019 21:16:28 GMT
On a final note. If the credit rating agencies consider a basket of UK household names B rated, I wonder what they'd make of the SME's often borrowing on p2p platforms Thanks for your comprehensive and very helpful replies. You made me smile with your second post because, yes, if the bonds of UK major brands are given a 'B' rating and referred to as "speculative" by the ratings agencies, I'm sure SMEs on P2P platforms would be right down there with D ratings.
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p2pfan
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Post by p2pfan on Jul 20, 2019 21:23:14 GMT
Thanks for your comprehensive and very helpful replies. You made me smile with your second post because, yes, if the bonds of UK major brands are given a 'B' rating and referred to as "speculative" by the ratings agencies, I'm sure SMEs on P2P platforms would be right down there with D ratings. Have you decided to give WA a try? I like being active with my investments, that's why I post the company updates, but it doesn't have to be that way. It does make me wonder if WA, on our behalf, participate in conference calls like the one that Voyage Care will be having today at 2' That of course gives those holders more information than we do as market participants via WA. It's so much more than the 15 minute delay you get as a private investor in listed stocks if you monitor the RNS services. I've taken to adding this to my watchlist: www.investegate.co.uk/Index.aspx?searchtype=3&words=IRSH this search on Investgate shows up RNS from Dublin listed Bonds. That could be useful. If you think it's possible to game the prices used on WA.... It would be interesting to see what WA say about more disclosure in the future and if it's possible to buy a bond (on good news) that's possibly not reflected on the platform. Thank you for your insights. No, I'm still holding fire with WA. The yields (including WA's fees) don't seem to be terribly high considering the risks and the term lengths involved. These bonds are a good diversification away from P2P investments into properties etc., but I am not an expert on corporate bonds so trying to study them in much more detail before I decide whether to invest or not.
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