tarq
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Post by tarq on Mar 24, 2017 15:45:03 GMT
Well I have taken the plunge and started one of these, as haven't used any allowances this year yet.
Thought I might as well gain 2% and keep the tax free status, and then possibly add to it after 5th. April, until 31st May
Will then decide whether to move it or not, depends on what offerings they have, and what else comes along.
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tarq
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Post by tarq on Mar 28, 2017 12:10:59 GMT
Further thoughts to above comment.
Very easy to setup & fund ISA, other ISA providers should take note!
Nothing new to invest in, but 2% on cash until May.
Not sure about the SM, need to study it more, looks to me that a premium is paid which would reduce the overall %, but maybe I've got it wrong.
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littonowl
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Post by littonowl on Mar 28, 2017 14:53:30 GMT
Agreed about ease of set up and funding, tarq. Decided I'll add some spare cash here to make up my ISA subs this yr, will either invest in further new projects or move elsewhere (MT/Coll/BM) next FY. Yep, most of the SM loans are at quite a bit of a premium due to the scarcity of new loans, so will reduce your overall returns, but good for diversifying f you're new, I guess. Watch out for the premiums falling a little at the time of any new loans coming out though. The plus side of all this is when new loans come out, you can go for a little more than you really need and then sell the additional on the SM yourself, recouping a little extra along the way, as it were. |
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jj
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Jolly Jammy
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Post by jj on Mar 28, 2017 19:44:04 GMT
Well it would be quite nice to know what we are all going to invest in. This silence is not good and only about a week left to put money in.
It's a bit of leap of faith to plough a load of money in the hope you are not going to end up in another 5% bond.
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littonowl
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Post by littonowl on Mar 28, 2017 21:58:03 GMT
Well it would be quite nice to know what we are all going to invest in. This silence is not good and only about a week left to put money in. It's a bit of leap of faith to plough a load of money in the hope you are not going to end up in another 5% bond. Not a leap of faith for me, but a useful place to park cash in a tax-free wrapper for a couple of months at 2% (& better than any cash ISA!). Come May 31st, if there's still nothing I want to invest in, I can use this 'historic' ISA cash to start diversifying across additional IFISA platforms - so win, win for me.
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dzo
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Post by dzo on Mar 28, 2017 22:20:27 GMT
Well it would be quite nice to know what we are all going to invest in. This silence is not good and only about a week left to put money in. It's a bit of leap of faith to plough a load of money in the hope you are not going to end up in another 5% bond. It's flexible so you can take your money back out again and invest elsewhere without losing any ISA allowance.
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greatmarko
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Post by greatmarko on Mar 29, 2017 11:12:48 GMT
A couple of thoughts;
1) There hasn't been anything new to invest in on Abundance now since December, and given the current 2% offer on uninvested IFISA cash, there's a LOT of uninvested money being pumped into the platform by those wishing to fill their ISA allowance before the end of the tax year.
Therefore, I fear that as and when a new loan does finally (ever!) go live, demand will FAR outstrip supply, the load will fill in a very short space of time, and a lot of investors are going to be left frustrated and disappointed
2) Abundance's secondary market needs a LOT of work. At present, you can only complete secondary market trades "off platform" i.e via direct email correspondence with the investor who holds the loan part you wish to buy. There are serious Data Protection implications here - i.e. having to provide your email address to another investor, which Abundance urgently need to address!
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littonowl
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Post by littonowl on Mar 29, 2017 16:23:31 GMT
Email this afternoon detailing 2 new projects in the pipeline including the long term refinance of operational biomass and a short term investment into an anaerobic digestion plant...
Also some info now on the website re: the AD plant.
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tarq
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Post by tarq on Mar 29, 2017 18:19:53 GMT
I got no email, do you have to sign up for them, if so how?
Looked on their site but only the 'Clean Energy' one showing.
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littonowl
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Post by littonowl on Mar 29, 2017 19:09:47 GMT
I got no email, do you have to sign up for them, if so how? Looked on their site but only the 'Clean Energy' one showing. Hmm, just had a look and can't see where you get the option to sign up, in fact seem to recall I had to drop them an email to get on their mailing list...
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tarq
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Post by tarq on Mar 30, 2017 10:10:46 GMT
Yes, sorted.
Now we wait for some hopefully 'tasty' loans.
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