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Post by Proptechfish on Jan 2, 2019 15:25:28 GMT
I was thinking of trying this out. Incentives always help. What’s minimum individual amount? £100
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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 3, 2019 1:42:15 GMT
I was thinking of trying this out. Incentives always help. What’s minimum individual amount? £100 Thanks might try a few grand and see how it goes
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Post by gravitykillz on Jan 29, 2019 6:19:27 GMT
Whats the minimum amount you can invest in a bond ?
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benaj
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Post by benaj on Jan 29, 2019 12:06:03 GMT
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zlb
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Post by zlb on May 30, 2019 9:24:50 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? When I last looked at this platform there was no secondary market (at least I think not). How would one end up paying a high premium? By buying on the SM? Is this working like c2f now? ie if someone wanted to sell their note, the bond would then appear as available to buy on this page? www.wisealpha.com/market/
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zlb
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Post by zlb on May 30, 2019 9:29:03 GMT
I'm a newbie here although opened a WA account years ago then didn't use.
Is the IFISA still controlled to autoinvest type situation? Are the WA bonds that they used to issue, still issued? What other platforms is is most like in terms of how it operates (not its product)? What's the longest its taken to sell a note?
thanks.
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zlb
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Post by zlb on May 30, 2019 9:33:23 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. Hi, on this page www.wisealpha.com/how-it-works there is scant info on what the security is. It says 'first ranking charge' - does that mean that there are no situations in which other creditors would take priority? It says this "*Typical borrow structure example" but I can't see what the asterisk refers from. The infographic underneath it: is that a diagram of the composition of the security? If some of the security is equity, how would that be returned to a lender in the case of default - thanks. 40% Senior Debt 20% Junior Debt 40% Equity
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benaj
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Post by benaj on May 30, 2019 9:56:01 GMT
I'm a newbie here although opened a WA account years ago then didn't use. Is the IFISA still controlled to autoinvest type situation? Are the WA bonds that they used to issue, still issued? What other platforms is is most like in terms of how it operates (not its product)? What's the longest its taken to sell a note? thanks. Hi zlb , WiseAlpha is unique, many 'retail investors' find it difficult to access the corporate bond market and WA makes it easy and cheap. IFISA was only recenty launched, but it's probably best to contact WA to find out more about their IFISA. My experience tells me the secondary market is liquid, I receive 100% back (££££) + profit in less than 2 weeks, however, it really depends on the size of your investment. WA charges a small fee for selling. I haven't tested out AutoInvest feature. I suppose it will deliver better return in long term. The bottom line is, if you are not sure about how it works, don't start investing too much too quickly.
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macq
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Post by macq on May 30, 2019 13:49:19 GMT
I'm a newbie here although opened a WA account years ago then didn't use. Is the IFISA still controlled to autoinvest type situation? Are the WA bonds that they used to issue, still issued? What other platforms is is most like in terms of how it operates (not its product)? What's the longest its taken to sell a note? thanks. see your question about SM - there is a SM of sorts as when you buy a note/bond you can then request a sell button on your account which works on all your notes (unless its changed and now automatic) your loan would then enter a queue and depending on demand be sold or not at the price quoted not what you pick I sold a few notes within 1 to 4 days last year when i run my account down a bit and returned to bond funds mainly but did hold on to a couple (not WA fault just found funds more hands off & what i understood better) You ask what platform its like and in a way the main market menu is a bit like the C2F pictures home page which i know your in but with other info under your account page As regards security these are WA notes not the bonds themselves but so far all the payments etc have been on time(note the so far part if investing)As for the borrower default figures you quote i.e 20% or 40% back you only have to read a couple of the other posts on WA on things like DH Evans or New look to see there is the chance of a big loss on a secured note.This maybe due to the way some business's are negotiating with the banks or other lenders rather then going into administration but probably don't expect all your money back in a default even with a so called big name Part of the appeal of WA is as usual with P2P type platforms you can earn 8% to 12%+ plus by picking certain loans with a lot of individual risk or settle to get 4% - 5% in a high yield bond fund(and many think they are high risk due to "junk bonds" ) but to be fair to WA they have lower paying bonds like Pinewood or Ocado some of which are fee free
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zlb
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Post by zlb on May 30, 2019 13:55:07 GMT
Thanks macq - thought seemed a bit like c2f - but investor doesn't choose sale rate - interesting. Will take a look.
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macq
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Post by macq on May 30, 2019 13:58:04 GMT
Thanks macq - thought seemed a bit like c2f - but investor doesn't choose sale rate - interesting. Will take a look. think we crossed while i tried to make it make more sense - but good luck
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