hazellend
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Post by hazellend on Sept 4, 2017 10:16:10 GMT
Hello all,
I haven't used Funding Circle before despite having an account since the early days.
With the new lending scheme where you get a predicted 7.5% for the balanced account spread across 100 pounds per loan it has peaked my interest.
Looking at the income trust the yield seems lower and it trades at a premium to NAV so it looks like a no brainer to avoid the IT and go through the balanced new lending account.
Are there any advantages to the income trust, apart from instant liquidity which is not really a concern for me.
Also, not sure if the income trust is comparable to balanced or conservative, I'm guessing balanced.
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SteveT
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Post by SteveT on Sept 4, 2017 10:27:25 GMT
(Assuming you mean Funding Circle / FC, not Funding Secure / FS)
From the original FCIF launch materials:
The target NAV total return will be 8-9% per annum.
The target dividend yield will be 6-7% per annum.
So far it seems broadly to be delivering on these targets, allowing for a bit of cash drag as the funds were invested over the first few months.
The investment trust is somewhat leveraged and also has some exposure to FC US and EUR loans.
My annualised return to date (dividends plus paper capital gain) is 9.8% since Jan 2016, tax free in my ISA
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hazellend
Member of DD Central
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Post by hazellend on Sept 4, 2017 10:31:05 GMT
Sorry, yes I did mean FC Funding Circle, I've edited the orginal post! Thanks for your reply.
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voss
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Post by voss on Sept 6, 2017 11:32:17 GMT
(Assuming you mean Funding Circle / FC, not Funding Secure / FS) From the original FCIF launch materials: The target NAV total return will be 8-9% per annum.
The target dividend yield will be 6-7% per annum.So far it seems broadly to be delivering on these targets, allowing for a bit of cash drag as the funds were invested over the first few months. The investment trust is somewhat leveraged and also has some exposure to FC US and EUR loans. My annualised return to date (dividends plus paper capital gain) is 9.8% since Jan 2016, tax free in my ISA Steve - Do you know if I can transfer an existing ISA into the FCIF?
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Post by william0101 on Sept 6, 2017 12:10:07 GMT
If Steve answers that without saying "you have not paid me for tax advice, etc" I'd be surprised.
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eeyore
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Post by eeyore on Sept 6, 2017 12:18:10 GMT
Do you know if I can transfer an existing ISA into the FCIF? The strict answer to your question is: No, you can't! But you can buy shares in FCIF (FCIF:LSE) within a Stocks & Shares ISA. If you already have a Stocks & Shares (S&S) ISA, contribute funds to your ISA or sell an existing holding within your ISA and buy the number of FCIF shares you want. If you don't already have a S&S ISA, you'll need to open one using a provider such as HargreavesLansdowne, X-O, Halifax Share Dealing or one of the hundreds of such providers. You can contribute to one Cash ISA and one S&S ISA in any tax-year provided that your aggregate contribution between the two is no greater than the annual limit (currently £20,000). If you have a Cash ISA, it should be possible to transfer funds from the Cash ISA to the S&S ISA if the Cash ISA provider allows this (most do but watch for charges and penalties; of course, if your Cash ISA is invested in a fixed-term product, you'll have to wait.) The transfer has to be actioned by the provider of your S&S ISA.
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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
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Post by ilmoro on Sept 6, 2017 12:35:44 GMT
Do you know if I can transfer an existing ISA into the FCIF? The strict answer to your question is: No, you can't! But you can buy shares in FCIF (FCIF:LSE) within a Stocks & Shares ISA. If you already have a Stocks & Shares (S&S) ISA, contribute funds to your ISA or sell an existing holding within your ISA and buy the number of FCIF shares you want. If you don't already have a S&S ISA, you'll need to open one using a provider such as HargreavesLansdowne, X-O, Halifax Share Dealing or one of the hundreds of such providers. You can contribute to one Cash ISA and one S&S ISA in any tax-year provided that your aggregate contribution between the two is no greater than the annual limit (currently £20,000).If you have a Cash ISA, it should be possible to transfer funds from the Cash ISA to the S&S ISA if the Cash ISA provider allows this (most do but watch for charges and penalties; of course, if your Cash ISA is invested in a fixed-term product, you'll have to wait.) The transfer has to be actioned by the provider of your S&S ISA. Your on a P2P forum and youve forgotten the IFISA! Sacrilege 
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SteveT
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Post by SteveT on Sept 6, 2017 12:38:55 GMT
(Assuming you mean Funding Circle / FC, not Funding Secure / FS) From the original FCIF launch materials: The target NAV total return will be 8-9% per annum.
The target dividend yield will be 6-7% per annum.So far it seems broadly to be delivering on these targets, allowing for a bit of cash drag as the funds were invested over the first few months. The investment trust is somewhat leveraged and also has some exposure to FC US and EUR loans. My annualised return to date (dividends plus paper capital gain) is 9.8% since Jan 2016, tax free in my ISA Steve - Do you know if I can transfer an existing ISA into the FCIF? You can buy shares in it (like any other Investment Trust) from within a stocks & shares ISA
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eeyore
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Post by eeyore on Sept 7, 2017 12:49:22 GMT
Your on a P2P forum and youve forgotten the IFISA! Sacrilege Can you buy FCIF shares within an IFISA? I don't think so. I'll accept though I should have included IFISA in the sentence: "You can contribute to one Cash ISA, one S&S ISA and one Innovative Finance ISA in any tax-year provided that your aggregate contribution between the three is no greater than the annual limit". Anything else I've missed? TESSAs? PEPs?
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Post by thunderchild on Sept 10, 2017 9:55:18 GMT
I'm confused, as of the 18th of september (2017) all FC is offering is 4.5% "safe" and 7.5% "risky", they still haven't come up with any ISA plans have they, what is the NAV thing ?
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Post by beeje13 on Sept 10, 2017 19:33:05 GMT
I'm confused, as of the 18th of september (2017) all FC is offering is 4.5% "safe" and 7.5% "risky", they still haven't come up with any ISA plans have they, what is the NAV thing ? NAV: Net Asset Value. The actual value of the assets of a share (in this case). As opposed to the share price which is decided by the market.
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voss
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Post by voss on Sept 11, 2017 8:55:29 GMT
I'm confused, as of the 18th of september (2017) all FC is offering is 4.5% "safe" and 7.5% "risky", they still haven't come up with any ISA plans have they, what is the NAV thing ? I think the ISA bit is where you invest in the Funding Circle Income Fund investment trust which can be put in an ISA.
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SteveT
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Post by SteveT on Sept 11, 2017 9:03:49 GMT
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Post by thunderchild on Sept 11, 2017 16:38:14 GMT
Well that website is as clear as mud and looks like it's helping people get their money offshore to dodge tax ? All directors are flipping bankers no wonder FC carries on like a stock exchange........
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SteveT
Member of DD Central
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Post by SteveT on Sept 11, 2017 16:40:34 GMT
Well that website is as clear as mud and looks like it's helping people get their money offshore to dodge tax ? All directors are flipping bankers no wonder FC carries on like a stock exchange........ No, it's a pretty standard Investment Trust, listed on the London Stock Exchange (ticker code FCIF). It pays dividends quarterly, can be held within an ISA or SIPP and has been trading at a slight premium to NAV for some months.
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