Ukmikk
Member of DD Central
Posts: 445 
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Post by Ukmikk on Dec 20, 2019 16:07:53 GMT
From latest FO email; "Earn up to 8% p.a.* interest on pooled funds".
Anyone convinced enough to jump back in?
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Post by Ace on Dec 20, 2019 16:19:38 GMT
From latest FO email; "Earn up to 8% p.a.* interest on pooled funds". Anyone convinced enough to jump back in? No. There's no point earning interest if you can't access it.
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Dec 20, 2019 19:01:49 GMT
Past performance is great from Welendus / FO short term loans I thought the Head of Brand would have come up with a cool product, like FO bonus / FO fund which allows investor to earn 5%+ interest on cash (paid monthly). Why "pooled funds"  |
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Post by df on Dec 20, 2019 19:59:43 GMT
From latest FO email; "Earn up to 8% p.a.* interest on pooled funds". Anyone convinced enough to jump back in? I've set all my investments at "short-term only" long time ago. Extra 3% on uninvested cash didn't convince me to change this setting. This new offer and the recent difficulty with withdrawing cash convinced me to stay put for the time being. I certainly don't intend to add any new money until lending resumes.
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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: 10,840
Likes: 11,068
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Post by ilmoro on Dec 21, 2019 21:01:32 GMT
From latest FO email; "Earn up to 8% p.a.* interest on pooled funds". Anyone convinced enough to jump back in? I havent had any such email. When was it sent/headed? Ive fished several from spam but not that one. Did get a Xmas card.
8% would encourage me not to jump out but does seem an obvious flaw in the concept.
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Post by Ace on Dec 21, 2019 21:20:19 GMT
From latest FO email; "Earn up to 8% p.a.* interest on pooled funds". Anyone convinced enough to jump back in? I havent had any such email. When was it sent/headed? Ive fished several from spam but not that one. Did get a Xmas card.
8% would encourage me not to jump out but does seem an obvious flaw in the concept.
I received mine on 19th Dec at 10:09. It also included some lender return figures, which frankly I don't believe. They certainly don't bare any relation to my returns. At best they "forgot" to include the cash drag from pooled funds. EDIT: Forgot to say that the title was "Earn up to 8% p.a.* interest on pooled funds".
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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: 10,840
Likes: 11,068
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Post by ilmoro on Dec 21, 2019 21:37:30 GMT
I havent had any such email. When was it sent/headed? Ive fished several from spam but not that one. Did get a Xmas card. 8% would encourage me not to jump out but does seem an obvious flaw in the concept.
I received mine on 19th Dec at 10:09. It also included some lender return figures, which frankly I don't believe. They certainly don't bare any relation to my returns. At best they "forgot" to include the cash drag from pooled funds. EDIT: Forgot to say that the title was "Earn up to 8% p.a.* interest on pooled funds". Thanks. Ive now found it in spam as usual.
At least some shareholders seem to be getting answers to questions highlighting the problems though I cant say the answers seem to be tally with the reality.
5-8% for funds invested in 'Hotel California' Hmm.
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Post by df on Dec 30, 2019 21:51:06 GMT
I havent had any such email. When was it sent/headed? Ive fished several from spam but not that one. Did get a Xmas card.
8% would encourage me not to jump out but does seem an obvious flaw in the concept.
I received mine on 19th Dec at 10:09. It also included some lender return figures, which frankly I don't believe. They certainly don't bare any relation to my returns. At best they "forgot" to include the cash drag from pooled funds. EDIT: Forgot to say that the title was "Earn up to 8% p.a.* interest on pooled funds". It's not clear where the interest on pooled funds will go, added to existing investments or available for withdrawal like PF bonus. I'm guessing it will be the former.
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