ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,344 
Likes: 11,565
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Post by ilmoro on Jul 26, 2022 23:06:46 GMT
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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: 11,344
Likes: 11,565
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Post by ilmoro on Jul 27, 2022 7:40:26 GMT
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Post by overthehill on Jul 27, 2022 8:42:10 GMT
The FCA are hardcore, fraudsters and criminals must be shitting themselves !
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qlassa
Member of DD Central
Posts: 57
Likes: 25
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Post by qlassa on Jul 29, 2022 20:23:46 GMT
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qlassa
Member of DD Central
Posts: 57
Likes: 25
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Post by qlassa on Jul 29, 2022 20:24:19 GMT
The FCA are hardcore, fraudsters and criminals must be shitting themselves !
After all the mess!
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Jul 30, 2022 8:54:54 GMT
You can rely on the FCA to do the right thing, the wrong way, and after they’ve tried everything else!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Jul 30, 2022 11:31:28 GMT
You can rely on the FCA to do the right thing, the wrong way, and after they’ve tried everything else! A correction Sir! - "......... after they’ve tried everything nothing else!"
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blueblazer
Member of DD Central
Posts: 61
Likes: 35
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Post by blueblazer on Aug 8, 2022 11:08:28 GMT
Hello, I am looking for recommendations for new platforms to invest in. Loans that offer 6%+ interest. Thank you I too am looking for alternatives now that ABL has gone.
Not advice, just some suggestions to point me in the right direction.
Preferably with an ISA wrapper as well.
Thanks.
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Post by kazamx on Aug 13, 2022 20:38:20 GMT
Have you had a look at Wisealpha.com?
They have been going for years and rather than investing in small companies/individuals you buy fractional bonds in companies like Virgin Media, Asda, RAC, EDF etc.
I have been using them for years and up until now never had a problem. My current yield is showing as 7.0%
They make money by taking a 1% fee every year (paid out of your interest) and a 0.25% fee if you sell a bond.
Selling bonds is through the secondary market, so you can only sell if someone buys.
If you have any questions, I am happy to answer them
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starfished
Member of DD Central
Posts: 298 
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Post by starfished on Aug 15, 2022 11:19:57 GMT
Have you had a look at Wisealpha.com? They have been going for years and rather than investing in small companies/individuals you buy fractional bonds in companies like Virgin Media, Asda, RAC, EDF etc. I have been using them for years and up until now never had a problem. My current yield is showing as 7.0% They make money by taking a 1% fee every year (paid out of your interest) and a 0.25% fee if you sell a bond. Selling bonds is through the secondary market, so you can only sell if someone buys. If you have any questions, I am happy to answer them Genuine question why this route over an investment platform like HL or YouInvest? On paper HL et al would appear to be safer enties and yet do the same thing? I know nothing about Wise Alpha so definitely missing something.
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Post by kazamx on Aug 17, 2022 5:59:17 GMT
If I am honest, its a little like why individual shares rather than buying ETFs. The ETFs will diversify your investment much better, but is no where near as interesting.
I only have a small proportion of my investments with WiseAlpha, but I only have a small proportion is shares I have picked myself rather than in managed accounts.
The returns I have made from WA over the last few years have been solid enough that I am really happy I dedicated a section of my investments to it.
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eeyore
Member of DD Central
Posts: 799
Likes: 806
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Post by eeyore on Aug 17, 2022 9:29:29 GMT
If I am honest, its a little like why individual shares rather than buying ETFs. The ETFs will diversify your investment much better, but is no where near as interesting. I only have a small proportion of my investments with WiseAlpha, but I only have a small proportion is shares I have picked myself rather than in managed accounts. The returns I have made from WA over the last few years have been solid enough that I am really happy I dedicated a section of my investments to it. Hmm, that reminds me of the ancient Chinese curse: " May you live in interesting times".... Using WiseAlpha rather than other platforms, if you wish to invest in individual bonds, boils down to the range of bonds available, ease of use and the costs of dealing & holding the bonds. I looked at WiseAlpha a few years ago and decided not to go down that route, primarily because I didn't feel comfortable with picking individual bonds, but also because of WiseAlpha's 1% annual charge on the principal - AJ Bell's Youinvest was much cheaper at 0.25%pa and HargreavesLansdown had zero annual charges on holding bonds in a dealing account!
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Greenwood2
Member of DD Central
Posts: 4,396
Likes: 2,789
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Post by Greenwood2 on Aug 17, 2022 11:38:05 GMT
If I am honest, its a little like why individual shares rather than buying ETFs. The ETFs will diversify your investment much better, but is no where near as interesting. I only have a small proportion of my investments with WiseAlpha, but I only have a small proportion is shares I have picked myself rather than in managed accounts. The returns I have made from WA over the last few years have been solid enough that I am really happy I dedicated a section of my investments to it. Hmm, that reminds me of the ancient Chinese curse: " May you live in interesting times".... Using WiseAlpha rather than other platforms, if you wish to invest in individual bonds, boils down to the range of bonds available, ease of use and the costs of dealing & holding the bonds. I looked at WiseAlpha a few years ago and decided not to go down that route, primarily because I didn't feel comfortable with picking individual bonds, but also because of WiseAlpha's 1% annual charge on the principal - AJ Bell's Youinvest was much cheaper at 0.25%pa and HargreavesLansdown had zero annual charges on holding bonds in a dealing account! They now have an automatic tool that will pick a portfolio for you, but obviously only within the ones they have available. You can choose between a couple of investment risk profiles and exclude particular types of bond or individual companies you don't fancy. I looked at them before but didn't dip a toe, looks a little more interesting now. Fees do look a bit high though.
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Post by kazamx on Aug 17, 2022 19:24:13 GMT
Just for the record (to save anyone else having to go look)
1% up to £20000
0.75% £20000 - £50000
0.5% £50000 - £100000
0.25% £100000+
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Post by mostlywrong on Jan 5, 2023 19:57:30 GMT
How is the interest from WiseAlpha treated for UK tax purposes?
Is it (bond) interest or P2P interest?
Grateful for advice...
MW
Edited to add: I am just about to submit my tax return and I am looking ahead to the next tax year.
I have £300 of P2P losses that I would like to "use up" in the next 2-3 years but my FC account is almost down to zero.
Thanks in advance...
MW
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