jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on May 4, 2017 10:28:58 GMT
This is painful for me as I had to sell on average 9% loans to fill my tax free ISA.
So am missing out 7% every day - so painfully.
I have a transfer form for another P2P. I think about sending it off everday because of the PAIN.
|
|
scc
Member of DD Central
Posts: 214 
Likes: 163
|
Post by scc on May 4, 2017 12:17:32 GMT
Are you in Abundance to diversify or some other reason? As it is unusual for them to offer debentures with returns above 6-7% IRR.
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on May 4, 2017 14:20:05 GMT
Well, I am in abundance for a number of reasons:-
1) Long term. 15-20 years right up my street. This is to supplement my pension in the future.
2) One of the first to offer an ISA. 8% tax free is same as 10% taxable.
3) Diversity.
4) The thought of helping with Green energy.
I don't invest in anything less than 8%.
|
|
greatmarko
Member of DD Central
Posts: 343
Likes: 373
|
Post by greatmarko on May 9, 2017 11:14:48 GMT
New biomass just appeared in the "pipeline"! (Not that that means anything though... the biogas one has been stuck in the pipeline for weeks now, and it's been 5 months since the last "open" investment on the platform!)
|
|
|
|
Post by abundance on May 16, 2017 11:32:02 GMT
Hi all,
Just responding to the requests for an update on our pipeline. As you probably have seen, we have recently launched a new investment as well as extending the promotional bonus period within the Abundance ISA so that any cash held in our ISA will continue to earn 2% AER until 31 July (extended from 31 May). This gives Abundance members some additional time to consider our latest investment, as well as our upcoming new investments. We have three other investments in our pipeline, two of which are currently listed on the Coming Soon section on the platform and another which we are working on but can't currently release information on due to marketing and due diligence restrictions. We hope to be launching these projects towards the end of May and in June.
Best,
Tom
As with any investment product there are risks. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. You should be prepared to hold Abundance investments for their full term (and many will have terms of more than 15 years). Abundance investments may not be readily realisable (and their value can rise or fall). They may be secured or unsecured, and where they are secured this does not ensure repayment. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each product. Consider all risks before investing and read the Offer Document for each investment.
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Jun 11, 2017 11:25:08 GMT
Hi all, Just responding to the requests for an update on our pipeline. As you probably have seen, we have recently launched a new investment as well as extending the promotional bonus period within the Abundance ISA so that any cash held in our ISA will continue to earn 2% AER until 31 July (extended from 31 May). This gives Abundance members some additional time to consider our latest investment, as well as our upcoming new investments. We have three other investments in our pipeline, two of which are currently listed on the Coming Soon section on the platform and another which we are working on but can't currently release information on due to marketing and due diligence restrictions. We hope to be launching these projects towards the end of May and in June.
Best, Tom As with any investment product there are risks. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. You should be prepared to hold Abundance investments for their full term (and many will have terms of more than 15 years). Abundance investments may not be readily realisable (and their value can rise or fall). They may be secured or unsecured, and where they are secured this does not ensure repayment. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each product. Consider all risks before investing and read the Offer Document for each investment.Any news on these projects, abundance ? I can't seem to see a coming soon section on the site any more, so wondering if they've been shelved, or whether the slow uptake of the green loan is holding them up? Though I appreciate the 2% offer on cash you're currently running, it's not really the return I want from an IFISA. I'd much rather have my spare cash invested in new (preferably, secured!) projects.
|
|
beh
Member of DD Central
Posts: 175
Likes: 77
|
Post by beh on Jun 11, 2017 12:53:02 GMT
I can't seem to see a coming soon section on the site any more, so wondering if they've been shelved, or whether the slow uptake of the green loan is holding them up It's still there - www.abundanceinvestment.com/invest/coming-soonDoesn't seem they'll meet the £4m target for GDFC. Similarly waiting on these other projects.
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Jun 11, 2017 14:36:13 GMT
I can't seem to see a coming soon section on the site any more, so wondering if they've been shelved, or whether the slow uptake of the green loan is holding them up It's still there - www.abundanceinvestment.com/invest/coming-soonDoesn't seem they'll meet the £4m target for GDFC. Similarly waiting on these other projects. Cheers, found it now. Seems once you log in, you can't access the 'Coming Soon' page.
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Jun 15, 2017 16:26:46 GMT
New tidal power related debenture coming "very soon" apparently. Details on coming soon page.
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Jun 16, 2017 14:09:11 GMT
They are ending the 2% interest on ISA balances on 30th June (rather than end of July as previously indicated) - and reference imminent launch of tidal power debenture as one of the reasons.
Probably a good idea, I can't be the only one who figured they might as well to get the extra interest before dipping their toe in! Ah, the power of perverse incentives.
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Jun 16, 2017 14:21:27 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered.
From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA.
|
|
Steerpike
Member of DD Central
Posts: 1,978
Likes: 1,687
Member is Online
|
Post by Steerpike on Jun 16, 2017 15:43:54 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered. From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA. I didn't much like the look of GDFC either, but I had decided that the tidal one was probably worth a closer look, what didn't you like?
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on Jun 16, 2017 15:44:03 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered. From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA. Can't blame you. I'm thinking along the same lines.
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on Jun 16, 2017 15:50:38 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered. From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA. I didn't much like the look of GDFC either, but I had decided that the tidal one was probably worth a closer look, what didn't you like? Cash drag, cash drag & there is cash drag. These loans when put up for investment you have to wait probably couple of month before they go live. So for about 5 months my ISA cash (important element in understanding my grievance) just lays there. 2% whippy. You can't just transfer ISA cash as easy as just cash.
|
|
jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
|
Post by jj on Jun 16, 2017 16:01:17 GMT
I don't want to take up the whole board here but this email. Does it mean that the other two loan are not going to be available till Autumn ? or are there different loans later ?
|
|
