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Post by overthehill on Aug 31, 2022 15:37:07 GMT
Having a scan down the Abundance thread list , I would say all the projects are only suitable for clients with professional investment help.
Any of the P2P investor types below only have themselves to blame.
Everyday/Retail/Restricted investors
Self-Certified Sophisticated Investor
High Net Worth Individual
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Post by GentlemansFamilyFinances on Sept 8, 2022 7:44:51 GMT
Maybe that's because the projects that run smoothly don't get any press.
My investments in renewable energy generation like wind and solar all do very nicely - although most of them have variable returns (depending on profits from power generation and sale).
I think Abundance said that people preferred a lower return that was fixed (like the 5% Thrive bonds or E2).
Personally, I am not too interested in the esoteric investments - although I have a soft spot for EV charging.
I would like it if they raised some capital for traditional wind, solar etc... Projects but it's not from want of trying - government policy stands in the way and there's a question of scale that Abundance isn't in the right niche for.
If you want a different investment experience, try one of the many renewable energy investment trusts.
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Post by overthehill on Sept 8, 2022 8:38:05 GMT
The UK and presumably Europe will fix/change the way the electricity wholesale price is rigged to the most expensive fossil fuel price for electricity generation, consumers are seeing no benefit from renewable energy otherwise.
Even with the recent favourable wholesale market model they're have been plenty of problematic to disasterous P2P loans with renewable energy. What's it going to be like after the fossil fuel rigged pricing 'subsidy' is fixed ?
I also don't think 2030 ban on petrol/diesel cars is realistic , not a snowball's chance. A typical Boris 'big picture, not interested in the detail' stunt to outdo the EU. 2035 at the earliest. Where is the extra electricity coming from, fire up another gas power station ?!
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Post by GentlemansFamilyFinances on Sept 8, 2022 8:50:42 GMT
You've mentioned a few different things there.
On electricity production - I suspect that the government is pinning its hopes on the forthcoming offshore wind - which is in the pipeline and is starting to come online (by the GW).
Of course onshore wind is the lowest hanging fruit, that along with large scale solar (field size arrays).
But the new government is beholden to the NIMBYs and it's likely to just miss this opportunity.
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Post by GentlemansFamilyFinances on Sept 8, 2022 8:55:06 GMT
Even with the recent favourable wholesale market model they're have been plenty of problematic to disasterous P2P loans with renewable energy. That's why I prefer to own a share of the profits rather than get a fixed price return. A fixed return just gives a heads I win, tails you lose. If profits are high the owner gets rich. If profits are low, they default on the loan. Can you share any details on disasterous P2P loans with renewable energy? Besides maybe Mo***w, I can't think of any.
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Post by overthehill on Sept 8, 2022 9:01:43 GMT
You've mentioned a few different things there. On electricity production - I suspect that the government is pinning its hopes on the forthcoming offshore wind - which is in the pipeline and is starting to come online (by the GW). Of course onshore wind is the lowest hanging fruit, that along with large scale solar (field size arrays). But the new government is beholden to the NIMBYs and it's likely to just miss this opportunity.
Offshore wind in the pipeline , stop confusing me !
Nothing to do with Abundance but for anyone who still doesn't know about the existence of this website.
Anytime I look at it, the gas produced electricity is about 50% but I've seen other official quoted figures of about 36% average. That's a measure of how much electricity consumers are currently being screwed. Remember some people don't even use gas but are paying 'gas prices' for their electricity powered heating.
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Post by GentlemansFamilyFinances on Sept 8, 2022 11:21:35 GMT
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Post by brianac on Mar 20, 2023 16:10:27 GMT
Tagging onto an older thread, I'm getting increasingly concerned about the amount of "trading suppended" tags on my Abundance portfolio, they are getting very close to 50% of my portfolio (worse if you add in the losses of the two that have dropped out of it which I daren't count :-( )
Brian
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jester
Member of DD Central
Posts: 175 
Likes: 208
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Post by jester on Mar 23, 2023 18:07:29 GMT
I feel exactly the same, over 40% of my portfolio is now distressed with many reporting major concerns. I realise these were risky investments but this is fast becoming the norm rather than the exception!
These figures look even worse when a chunk of my investment is in "lower risk" council investments ... so the percentage of other debentures in trouble is enormous!
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Post by brianac on Mar 24, 2023 17:15:02 GMT
Didn't bother with Council investments - initially couldn't be in ISA then when that was changed, I felt that the return was far too low, could have got a better return elsewhere with instant access capability (which obvs the council weren't) added to which I felt that interest rates weren't going to be so low forever and then I would be stuck with the poor returns. :-(
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Post by peer2beer on Mar 25, 2023 11:49:51 GMT
Latest council offer has a rate of 4.20% which is pretty decent - a.vast improvement on past offers
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