jaswells
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Post by jaswells on Jun 9, 2020 11:12:55 GMT
I agree with most of that, although regulators don't seem to have helped too much with P2P here! Some of the claims and the jargon is pretty off putting, if you can read through all of that it sounds like an interesting idea, quite clever if it works, but I don't really want to get involved in currency exchange to USD and I'm not all that keen on getting involved in a bitcoin exchange, if it could all be done in £s I might dip a toe just out of interest, if the rates looked good enough. Yes, the rates are much better for USD at the moment, so we focus on that. Let me know what we can about the jargon, that would be really helpful! Ok, I will try and keep it really simple. Traders on the crypto exchange use my capital on margin to leverage their bets. When some of these go wrong, who pays?
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jaswells
Member of DD Central
Posts: 254
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Post by jaswells on Jun 9, 2020 9:37:23 GMT
As they say on Dragon's Den:
" I just don't understand your market, so i'm out"
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Jun 1, 2020 10:35:58 GMT
My P2P 5 year investment matured today, and paid out in full to my cash holding account. Very welcome in the present environment. It’s remarkable that Wellesley, after their issues of recent years, have managed to maintain (or re-establish, at least) full payouts at maturity, in an environment where liquidity is failing across the P2P sector, so credit where it’s due. Ditto Five years ago I invested in seven p2p platforms. Three have now in administration, another 3 have imposed restrictions on withdrawals and/ or significantly cut returns. Today, Wellesley repaid fully with interest on a mini bond investment. The only platform to do so. Considering this has been a much unloved platform on this forum (and some un-helpful media attention) , its efforts so far have been remarkable. I hope Wellesley can keep up the good work as one of the oldest surviving platforms. In p2p world, trust is hard won but easily lost.
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on May 21, 2020 12:03:00 GMT
The NI number was sufficient when i logged in.
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on May 6, 2020 23:45:47 GMT
Given so many of us on the board have turned out not to be quite so clever as we thought we were I am not sure this website offers the road to redemption.
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jaswells
Member of DD Central
Posts: 254
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Post by jaswells on Apr 27, 2020 10:20:03 GMT
That was sent a few weeks ago, but at the time it appears not everyone received it.
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jaswells
Member of DD Central
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Post by jaswells on Apr 20, 2020 11:24:20 GMT
We're holding rather more than I feel comfortable with. I'd rather take the opportunity now.
Understood. Should certainly have made a nice gain if bought in the last few weeks
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 20, 2020 10:40:05 GMT
YTM now 15.8%. I'm selling! (if you want any) Just out of interest, why? Do you think the risk level is still elevated despite takeover?
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jaswells
Member of DD Central
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Likes: 184
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Post by jaswells on Apr 15, 2020 7:46:01 GMT
Wisealpha business model is very simple compared with the likes of Assetz, Lendy etc. They buy into a relatively liquid market and risk profiles are much more transparent. The bonds (mostly) have ratings which with a little research can be easily evaluated. The set up is miles away from the true p2p sector with its dodgy borrowers and the impossibility to assess any risk. Having said that the prevailing economic condition does make a number of Wisealpha bonds look rather shaky right now but it is nice to see them diversify their offering while the opportunity exists..
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 15, 2020 0:12:13 GMT
Kraft Heinz and Sainsbury's bank appear to be incoming.
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 9, 2020 8:51:07 GMT
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 8, 2020 10:37:52 GMT
Does this relate to all of their products ? Is it just the old style peer to peer investments or does it also include their bond investments/?
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 7, 2020 22:20:03 GMT
Not received either......?
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 4, 2020 5:38:43 GMT
From the Wisealpha website:
"WiseAlpha utilises the services of global banking custodian, BNY Mellon to hold the corporate bonds. Independent oversight is provided by IQEQ, the fourth largest investor services firm in the world"
"In the event that WiseAlpha Technologies' capital falls below the level required to operate all clients’ cash balances and investments in Fractional Bonds would not be affected and would continue to be administered within WiseAlpha plc and the client account continue to be run by Global Custodial Services."
"This structure ensures a separation of investor money (held and invested at WiseAlpha plc) from the main operating company (WiseAlpha Technologies Limited)."
Assuming the above to be true (considering they are FCA approved it really should be), I would think the counter-party risks associated with Wisealpha itself are minimal (Wisealpha bonds excepted of course). Some of the bonds they offer however are significantly more risky than others. IMO/ DYOR etc.
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jaswells
Member of DD Central
Posts: 254
Likes: 184
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Post by jaswells on Apr 2, 2020 9:14:51 GMT
Scottish Widows added to site
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