dermot
Member of DD Central
Posts: 863 
Likes: 517
|
Post by dermot on Mar 7, 2016 19:38:18 GMT
|
|
registerme
Member of DD Central
Posts: 6,625
Likes: 6,438
|
Post by registerme on Mar 7, 2016 20:04:18 GMT
Google ad? I got the same thing and took a look. I got scared off by mention of Brazil  . |
|
|
|
Post by ablrateandy on Mar 7, 2016 20:07:05 GMT
No criticism intended and I haven't looked in detail... but Singaporean property companies, especially privately held ones, can be notoriously opaque even when they are massive.
|
|
|
|
Post by Financial Thing on Mar 9, 2016 0:35:15 GMT
I find it hard to believe people would invest for only 9% as it presents incredible risk. There are similar US companies paying 15% for same asset backed offering fundrise.com/reits/income-ereit/viewI believe the use of the word bond maybe giving people a false sense of security
|
|
dermot
Member of DD Central
Posts: 863
Likes: 517
|
Post by dermot on Mar 9, 2016 10:49:48 GMT
It was a Google ad popover, so I wasn't that attracted, but just interested to see what the general view might be - I think I'm happier with UK based companies.
|
|
homes119
Member of DD Central
Posts: 93
Likes: 19
|
Post by homes119 on Mar 9, 2016 13:04:27 GMT
I had a quick look and also think that it is too risky. UK Company has no assets, no history. Parent company in Singapore. Investments in all corners of the globe. If something goes wrong, good luck with any recovery of your funds! Previous history in Singapore of fraud in this type of scheme www.straitstimes.com/singapore/courts-crime/high-court-dismisses-appeals-by-directors-of-profitable-plotsNow, I am by no means saying the Shenton is not legit but I would need a lot more convincing before going for such a complex investment and a lot of time in the DD in consultation with lawyers and experts. 9% over two years with diversification is definitely a good return, but definitely not on my perceived risk-adjusted basis. There is no need to diversify if it increases your risk and reduces your return (12% -> 9% with less liquidity). I too am, however, trying to get a relatively safe 4-6% net income return on part of my investable sums and I am stuggling to find UK non property related investments in which to do so. |
|
|
|
Post by Iain - Orca on Mar 9, 2016 14:47:50 GMT
2 year investment at 9%.... asset backed seems attractive but the risk is difficult to profile. Mini-bonds appear to be going out of fashion, with only really one or two on the market per year.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Mar 9, 2016 15:22:36 GMT
If you fancy a scam I was getting offered John Lewis bonds for 8.375% a year. Irresistible.
sadly it turns out they meant 8.375% over about 4 years, ie 2and a bit % a year. I was so narked I went to the bother of reporting it to the FCA, and at least I got a reply of sorts, but not the reply saying you are right we will string these people up forthwith.
(It's not my misreading, they actually offered the full whack in the email. Even so what a con, the headline rate that they were issued at and were called was 8.375 so even if they hadn't lied on the email it is still designed to mislead the unwary. I just so hate the money trade, give me designing manufacturing and selling stuff any day)
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
|
Post by ilmoro on Mar 9, 2016 15:37:15 GMT
If you fancy a scam I was getting offered John Lewis bonds for 8.375% a year. Irresistible. sadly it turns out they meant 8.375% over about 4 years, ie 2and a bit % a year. I was so narked I went to the bother of reporting it to the FCA, and at least I got a reply of sorts, but not the reply saying you are right we will string these people up forthwith.
(It's not my misreading, they actually offered the full whack in the email. Even so what a con, the headline rate that they were issued at and were called was 8.375 so even if they hadn't lied on the email it is still designed to mislead the unwary. I just so hate the money trade, give me designing manufacturing and selling stuff any day)
Easy when youve got a tame journo to right a fluff piece for you www.thisismoney.co.uk/money/markets/article-3478266/John-Lewis-offer-new-bond-savers-healthy-windfall-issue.html
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Mar 9, 2016 16:02:32 GMT
It's entirely reasonable to buy these bonds which were issued in 2011 and expire in about 2020. 2.2% yield to term and with a very very strong issuer so as safe as is. I might even do so.
What is wrong is to flog them giving the impression that they yield 8%, and to flog them at a higher price than you could get them at HL TDWH etc.
|
|
.
