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Post by baseline on Mar 25, 2024 17:41:18 GMT
Latest opportunity now live on the platform, £177k left!
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Post by Ace on Mar 27, 2024 15:32:47 GMT
The 36th HDR loan tranche repayment has been made today. This one is from the first law firm.
It was the 4th tranche repayment for #4052. This tranche had a profit of 34.09%. The average profit across the 4 tranches is 21.2% (21.85% XIRR).
The overall XIRR for my HDR case investments where at least one repayment has been received is now 22.55%.
Assuming an equal amount was invested in each of the 9 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.60%. For each £1k equal investment (£9k across the 9 loans), £3,740 of capital and £937.05 profit (£4,677.05 total) would have been paid so far. |
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Post by Ace on Mar 30, 2024 17:18:46 GMT
I missed the fact that there was another HDR payment made on 27th March. Here's the stats: The 37th HDR loan tranche repayment has been made. This one is from the second law firm.
It was the 1st tranche repayment for #3550. This tranche had a profit of 14.01%. The average profit across the 1 tranche is 14.01% (16.88% XIRR).
The overall XIRR for my HDR case investments where at least one repayment has been received is now 22.45%.
Assuming an equal amount was invested in each of the 10 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.48%. For each £1k equal investment (£10k across the 10 loans), £3,868.20 of capital and £955.01 profit (£4,823.21 total) would have been paid so far. |
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firedog
Member of DD Central
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Post by firedog on Mar 31, 2024 12:11:29 GMT
The £480k raise just closed must be one of the biggest they've done and yet they've filled it quickly. 145 investors too, so definitely building a healthy base of investors. Looks like they're steadily increasing the funding for each HDR case.
Would be interesting to know whether the absence of non-HDR cases is simply absence of quality cases, or whether AF have taken the decision to specialise in HDR now.
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firedog
Member of DD Central
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Post by firedog on Apr 4, 2024 8:43:57 GMT
Another opportunity available - these seem to be coming on a fairly regular schedule now
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Post by Ace on Apr 8, 2024 11:23:31 GMT
The 38th & 39th HDR loan tranche repayments have been made. They are both from the second law firm.
One was the 2nd tranche repayment for #4647. This tranche had a profit of 19.36%. The average profit across the 2 tranches is 15.7% (19.33% XIRR).
The other was the 1st tranche repayment for #4882. This tranche had a profit of 12.1% (20.56% XIRR)
The overall XIRR for the repaid portions of my HDR case investments is now 22.42%.
Assuming an equal amount was invested in each of the 11 HDR cases that have received at least 1 tranche repayment so far, the XIRR is 22.42%. For each £1k equal investment (£11k across the 11 loans), £4,088.20 of capital and £988.89 profit (£5,077.09 total) would have been paid so far. |
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firedog
Member of DD Central
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Post by firedog on Apr 9, 2024 10:40:26 GMT
Very small amounts (£2k each) now available on the two most recent opportunities.
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Post by steveng on Apr 10, 2024 10:08:33 GMT
Has anyone noticed the 'IFISA Account' section in AXIA funder?
It might be there (and has a few months I think) but I can't see anywhere to fund it or properly open it. I was wondering if I've missed something before I drop them a message?
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Post by Ace on Apr 10, 2024 10:15:22 GMT
Has anyone noticed the 'IFISA Account' section in AXIA funder? It might be there (and has a few months I think) but I can't see anywhere to fund it or properly open it. I was wondering if I've missed something before I drop them a message? They used to have ISA investments but dropped them a few years ago.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330 
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Post by ilmoro on Apr 10, 2024 10:42:28 GMT
They dont have the relevant permissions to offer an ISA currently ... I guess it stopped when they ceased being an AR of ShareIn and they havent applied to HMRC for manager status in their own right.
Oddly havent updated their website to reflect its removal
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Post by Ace on Apr 10, 2024 11:33:53 GMT
They dont have the relevant permissions to offer an ISA currently ... I guess it stopped when they ceased being an AR of ShareIn and they havent applied to HMRC for manager status in their own right. Oddly havent updated their website to reflect its removal They stopped offering new ISA investments long before the ShareIn exit. There are still some old investments still to conclude in the ISA account.
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Post by steveng on Apr 10, 2024 14:28:36 GMT
Ah right so it's legacy lingering rather than a potential new product.
Thanks people. Nice to know.
I would have liked to get some investment in an ISA wrapper with AF to avoid the potential tax
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firedog
Member of DD Central
Posts: 367
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Post by firedog on Apr 10, 2024 16:38:14 GMT
Ah right so it's legacy lingering rather than a potential new product. Thanks people. Nice to know. I would have liked to get some investment in an ISA wrapper with AF to avoid the potential tax AxiaFunder explained why their products are not suitable for ISAs in their FAQs - see this post earlier in this thread. AF does retain the advantage that its returns are likely to be treated as capital gains, rather than interest. That means, first, there is a bigger allowance (£3k) than if returns were treated as interest (£500). Second, there's the opportunity of offsetting the taxable gains against capital losses elsewhere, either within AF or eg shares.
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Post by steveng on Apr 11, 2024 13:22:01 GMT
That's very useful thank you. I hadn't considered it as CGT.
Given the £3k CGT allowance and a rough 20% potential return I calculate up to 15 invests at £1000 would keep below that threshold.
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Post by Ace on Apr 11, 2024 13:27:40 GMT
That's very useful thank you. I hadn't considered it as CGT. Given the £3k CGT allowance and a rough 20% potential return I calculate up to 15 invests at £1000 would keep below that threshold. If you earn more profit than the CGT allowance, the tax rate is only 10% for basic rate taxpayers. So would only reduce a 20% profit to 18%.
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