iRobot
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Post by iRobot on Mar 20, 2021 11:21:21 GMT
<snip> On the other hand I might put more in Whiskyinvestdirect which is returning 9% after fees. Just reading their blurb... interesting. And if there's going to be a typo, at least this one's industry relevant: " WhiskyInvestDirect combines in-depth knowledge of the whisky trade with the online trading expertise grained during its incubation and development by the same company that owns BullionVault." 
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on Mar 20, 2021 11:22:17 GMT
And as a wasting asset there are no capital gains taxes on whisky. It’s a very attractive asset, especially for HR taxpayers. <snip> This is mentioned in their FAQs, which includes: " With a new service like WhiskyInvestDirect there can still be some confusion on the application of CGT to profits. We are still awaiting firm clarification from HMRC." No idea how old that comment is or whether it is now 'stale' and needs updating with newer info, but worth keeping in view, I think.
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Post by df on Mar 20, 2021 11:38:23 GMT
Similar thoughts here. would you go 90, 30, or q??. kinda thinking 90 for the extra bit of growth. Hoping a isa flood of cash will keep ac happy for the 90 days, then reassess ?? . Dont want any more in the current mla loans. Maybe when the pipeline starts up. Probably 30 for now to have a chance for better liquidity. 0.1% is a very insignificant difference. Although I’m only thinking of cancelling withdrawals and reinvesting MLA returns, not adding new money at the moment. When/if everything goes back to normal market conditions I would use 90 if the rate difference between 90 and 30 is more encouraging.
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Post by gobuchul on Mar 20, 2021 12:14:00 GMT
And as a wasting asset there are no capital gains taxes on whisky. I invest via a limited company so does not affect me. The 9% is historic I agree but if you look at the charts the growth is almost linear and has been for many years.
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Post by gobuchul on Mar 20, 2021 12:24:03 GMT
<snip> On the other hand I might put more in Whiskyinvestdirect which is returning 9% after fees. Just reading their blurb... interesting. And if there's going to be a typo, at least this one's industry relevant: " WhiskyInvestDirect combines in-depth knowledge of the whisky trade with the online trading expertise grained during its incubation and development by the same company that owns BullionVault." Had to read it about 15 times to find that!
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IFISAcava
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Post by IFISAcava on Mar 20, 2021 13:52:18 GMT
I'd be careful with investing in cask whisky. There's a lot of dodgy stuff out there. I talk as someone with a large 6 figure sum sunk into whisky bottles (in my possession) which have done exceptionally well over the last 10 years and are more liquid than casks, although still fairly illiquid all things told (all puns intended). Selling full casks that are stuck hundreds of miles away in a bonded warehouse in Scotland when you want the money back is going to be the issue. And if it is shares in a cask - you need someone to take those shares off you - the age old liquidity problem.
The wasting asset exemption definitely applies to casks, not so clearcut with bottles, as with fine wine (test is whether it would be expected to last 50 years).
In my experience the main problem with whisky bottles as an investment is their tendency to get drunk while they are in your possession...
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Post by jonrgrant on Mar 20, 2021 17:01:03 GMT
Cancelled all my withdrawals, which had been in place for over a year. I've reduced my holding by two thirds and I'm comfortable where it's at now. If AC start offering incentives to re-invest (like they said they would) I could be tempted to put some more back in. On the other hand I might put more in Whiskyinvestdirect which is returning 9% after fees. I also have Whiskyinvestdirect included as part of my investment portfolio. my current tracked return (capital growth) in WID is 6.8%, this I calculate automatically by deduction of the buy/sell spread and also the deduction of what will be the 1.75% sales commission. As for AC I am now down to 25% of what I once had invested and feel more at ease at that level. I will monitor and keep options open to decrease further or possible invest a little more. AC policy meant my original plan for the ISA did not materialise as my 90d Withdrawal for 20k on 4th April was blocked. I do not plan to cancel current withdrawal but will recycle from the 90daa to 30daa as and when returns are made.
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lpa
Posts: 45 
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Post by lpa on Apr 26, 2021 16:05:45 GMT
I’ve been in the withdrawal queue from the QAA and 30 day AA since the crisis hit but recently I’ve been thinking about perhaps cancelling my withdrawal instruction and maybe even adding a bit back. I’m not sure if this is a bad idea or not though. Any thoughts? I must admit I'm having similar thoughts with the now almost alarmingly frequent and chunky withdrawals into the non interest bearing cash account (and subsequent transfer off the platform into non interest bearing company bank account). But then I remember the despair I felt a year ago when a mid 5 figure sum in the QAA suddenly got gated and I wondered if I would lose the lot as I have on another platform. I have decided to see if the withdrawals continue down to a zero balance in the QAA or whether I'm left with an amount which is stuck. If they do clear down to zero then I may put a chunk back in to earn some interest again as my confidence in AC has risen. So my QAA account cleared down to nil today, all funds recovered and consequently no funds earning interest. Pretty happy about this at long last. I think I'll hold off reinvesting until normal operating conditions are resumed.
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Post by df on Apr 26, 2021 16:36:28 GMT
I must admit I'm having similar thoughts with the now almost alarmingly frequent and chunky withdrawals into the non interest bearing cash account (and subsequent transfer off the platform into non interest bearing company bank account). But then I remember the despair I felt a year ago when a mid 5 figure sum in the QAA suddenly got gated and I wondered if I would lose the lot as I have on another platform. I have decided to see if the withdrawals continue down to a zero balance in the QAA or whether I'm left with an amount which is stuck. If they do clear down to zero then I may put a chunk back in to earn some interest again as my confidence in AC has risen. So my QAA account cleared down to nil today, all funds recovered and consequently no funds earning interest. Pretty happy about this at long last. I think I'll hold off reinvesting until normal operating conditions are resumed. If you reinvest at that point most of your new investment will be still mainly in the same old loans you have just exited.
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lpa
Posts: 45
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Post by lpa on Apr 27, 2021 7:32:48 GMT
So my QAA account cleared down to nil today, all funds recovered and consequently no funds earning interest. Pretty happy about this at long last. I think I'll hold off reinvesting until normal operating conditions are resumed. If you reinvest at that point most of your new investment will be still mainly in the same old loans you have just exited. Good point and understood, however the full recovery has given me confidence in the platform which I was concerned about before.
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