andyb
Posts: 69 
Likes: 36
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Post by andyb on Feb 13, 2017 19:18:17 GMT
Do you have any interest in trying out one of the many European platforms? I'm currently using Twino which I'm enjoying very much and hope to dip a toe into Mintos.
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ben
Posts: 2,020
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Post by ben on Feb 13, 2017 21:49:45 GMT
ABL is one of my favourites, FS wasn't for me and I'm still trying to exit after getting stuck in a very overdue loan, but others like it. In either case tho, I'd advise getting to grips with how their SMs work and tax implications before you invest too much, as they're both very different to those you've used already. Have you tried Collateral? I started a month ago. Did not put much money in it yet. Jewellery, Watches, Cars, Buildings etc. Pays interest monthly. I like unbolted, slightly lower rates but even on the loans I have that have defaulted they have all sold at auction for more then then loan, interest and platform fees so there valuations must be pretty good.
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Post by BrianC on Feb 13, 2017 23:16:32 GMT
Why not try something different. I've pretty much reached my max level of investment with RS, Zopa and AC so for the last few months have been maxing out this years ISA limit in a stocks and shares ISA. Then from April 6th next years limit rises to £20K which I'll fill. I'm using Charles Stanley Direct and investing in a range of funds (Currently in 6) that I've either researched or been recommended. In the short time I've owned them they've already far out performed my P2P investments which is quite impressive considering the rates I'm getting from AC and Z+. And of course, profits are tax free. Just a thought.
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elliotn
Member of DD Central
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Post by elliotn on Feb 14, 2017 5:19:43 GMT
pom Have you tried Collateral? I started a month ago. Did not put much money in it yet. Jewellery, Watches, Cars, Buildings etc. Pays interest monthly. I like unbolted, slightly lower rates but even on the loans I have that have defaulted they have all sold at auction for more then then loan, interest and platform fees so there valuations must be pretty good. Yes, as I understand it they have an expert on board (see lady on about us) or they'll use experts at the auction house ie Sotheby's which might be considered more independent than valuations by Coll's own trading partners (who as far as we know could also be the borrower or underwriter for items not redeemed). Also, gold jewellery has derivative insurance although main limiting factor is size of alloactions depending on OPs funds to invest.
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littonowl
Member of DD Central
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Post by littonowl on Feb 14, 2017 10:02:44 GMT
Having heard good things I opened an account with Unbolted in the New Year. I only started with a few hundred quid as I'd read the big problem was getting a decent amount invested, with the loans typically being pretty small (in the region of £3 or £4K) and probably only around 6-8 a week. Unfortunately I've primarily only been filled £5 a time via Autobid, no matter how much I increase my max loan size on Autobid. Presumably this is because of the size of the loans and the numbers already on Autobid, but it makes me reticent to add any more cash to the account, because it'll seemingly take forever to get invested.
They very occasionally have loans that they won't put to autobid (usually if its too small to allocate) but they tend not to launch or advertise them at any set time, so its very much a hit and miss affair whether you get lucky and land on one of these.
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elliotn
Member of DD Central
Posts: 3,064
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Post by elliotn on Feb 14, 2017 11:57:34 GMT
Having heard good things I opened an account with Unbolted in the New Year. I only started with a few hundred quid as I'd read the big problem was getting a decent amount invested, with the loans typically being pretty small (in the region of £3 or £4K) and probably only around 6-8 a week. Unfortunately I've primarily only been filled £5 a time via Autobid, no matter how much I increase my max loan size on Autobid. Presumably this is because of the size of the loans and the numbers already on Autobid, but it makes me reticent to add any more cash to the account, because it'll seemingly take forever to get invested. They very occasionally have loans that they won't put to autobid (usually if its too small to allocate) but they tend not to launch or advertise them at any set time, so its very much a hit and miss affair whether you get lucky and land on one of these. Yep, with such small allocation I'm getting repaid with 0p interest!
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fp
Posts: 1,008
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Post by fp on Feb 14, 2017 21:42:15 GMT
My unbolted loans have started coming to term over the past four weeks, out of 22 loans which should have repaid in the past four weeks, 4 are overdue, 5 have repaid late, 6 have repaid very early, leaving only 7 which have repaid on time and within the last month of the loan term. Out of the 120 loans i've had, 53 have been renewals... i'm not filled with optimism.
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nick
Member of DD Central
Posts: 1,056
Likes: 825
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Post by nick on Feb 14, 2017 22:40:07 GMT
ABL is one of my favourites, FS wasn't for me and I'm still trying to exit after getting stuck in a very overdue loan, but others like it. In either case tho, I'd advise getting to grips with how their SMs work and tax implications before you invest too much, as they're both very different to those you've used already. Have you tried Collateral? I started a month ago. Did not put much money in it yet. Jewellery, Watches, Cars, Buildings etc. Pays interest monthly. How quickly do think you could deploy say £10k on Collateral via the PM?
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ben
Posts: 2,020
Likes: 589
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Post by ben on Feb 14, 2017 22:52:17 GMT
pom Have you tried Collateral? I started a month ago. Did not put much money in it yet. Jewellery, Watches, Cars, Buildings etc. Pays interest monthly. How quickly do think you could deploy say £10k on Collateral via the PM? At the moment 10 seconds however if you want to invest diversified then quite a while as new loans are not that often.
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elliotn
Member of DD Central
Posts: 3,064
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Post by elliotn on Feb 15, 2017 8:33:57 GMT
Unless it is a property loan it would take considerable time. Many of the loans are considerably less than 10k in total. But it is different assets and diversity. That took me about a month, supplemented by sales at the time of new loans on the PM whilst primarily avoiding the prop loans. The supercar, group jewellery assets and coin do allow occasions to scale more rapidly through the SM but you need to monitor liquidity as these are fairly large loans for Coll and are often the first offloaded during bouts of repositioning.
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Post by charles on Feb 21, 2017 15:27:29 GMT
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Post by Admin on Feb 26, 2017 12:15:07 GMT
WiseAlpha have an interesting offer too imo, corporate bonds paying anything up to 8% over the next 2-4yrs. Coupon payments every 6 months which can be reinvested. As mentioned by jonboy73 above, Wisealpha offer steady looking fixed term investments, and as mentioned by msa have launched a 1 year bond returning a headline rate of 8% - but remember to deduct 1% for annual fees on all investments here. The subsequent discussion of the WiseAlpha bond following these two posts has been extracted from this thread, and moved to a new thread (WiseAlpha Bond February 2017) on the WiseAlpha Board. As SteveT reminded us in one of the moved posts: "WiseAlpha Investment Bonds are unsecured debts of WiseAlpha Investment Limited that are not negotiable on the capital markets.
WiseAlpha Investment Limited is not regulated by the FCA and does not offer any regulated services. WiseAlpha investment bonds are
issued by WiseAlpha Investment Limited, a company incorporated under the laws of the British Virgin Islands"
The volume of posts on these particular bonds was swamping the thread which was intended to be a brain storm of investment ideas. Detailed discussion of any particular investment idea is better conducted on a separate thread (on the platforms own forum board if such exists).
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Post by reeknralf on Feb 26, 2017 12:51:53 GMT
An uninitiated observer could easily be left with the impression that first one mod, then a second, have said that WiseAlpha are not FCA regulated. This was perhaps not the intention, but I would have expected better than quoting the above text in isolation, without context or qualification. Wisealpha (the platform) are regulated by the FCA. Wisealpha investments, who issue the Wisealpha bond, are not. |
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Post by msa on Mar 9, 2017 13:33:07 GMT
WiseAlpha seem to have put the funds they raised with their own investment bond to good use and added several new investment oppprtunities: Pizza Express, Garfunkelux, Iceland, New Day and Travelodge
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Post by msa on Mar 11, 2017 13:16:09 GMT
Where to go next? I am planning to go to the wiseAlpha investor event in London at Level 39 in Canary Wharf on Thursday 16th March which they've just posted under their wiseAlpha threadWho else is in London and will be joining? |
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