SIPP investment in Property

Knight_Crofter

I have just had my first redemption...made 210k in 4 years... not too shabby.

Malthusian

Knight_Crofter wrote: »

I have just had my first redemption...made 210k in 4 years... not too shabby.

Good to hear you've been luckier than some (scroll to the latest comments).

Is that profit or including your own money?

Either way, not sure why someone with at least £2 - 5 million to spread around various micro-cap companies (assuming you aren't being really daft and investing >5-10% in Dolphin) is so happy about £210k they feel the need to tell random strangers about it.

How about those audited accounts you were going to ask for on your trip to Berlin? If you uploaded them here there would be less need for single-purpose accounts like yourself to come and tell us how marvellous Dolphin are, all of them using the totally meaningless "I've been paid on time so far" argument.

Lungboy

Looks like Dolphin are in trouble https://www.bbc.co.uk/news/business-48363794

barnstar2077

I would hope that no one here would part with any money if someone rung them up at home and told them they could double it for them. Cold calling should be made illegal to protect the vulnerable.

Joey_Soap

Well, what could possibly go wrong eh?

Silvertabby

barnstar2077 wrote: »

I would hope that no one here would part with any money if someone rung them up at home and told them they could double it for them. Cold calling should be made illegal to protect the vulnerable.

It still wouldn't stop the crooks. After all, burglary is illegal - but it still goes on.

Thrugelmir

Knight_Crofter wrote: »

I have just had my first redemption...made 210k in 4 years... not too shabby.

Um......

The specialist financial mis-selling team at TLW Solicitors have been contacted by a number of concerned investors who have not yet received the returns promised from their Dolphin Trust investment or who are struggling to get their capital investment repaid to them.

Naturally these investors are worried about the sustainability of their investment and the advice they were given to invest in Dolphin.

Unfortunately, it seems that many of the people who are getting in touch with us did not realise and were not made aware by their financial adviser, that schemes like this can be very risky.

https://www.tlwsolicitors.co.uk/2019/04/09/latest-news/sipps-news/dolphin-trust-invesment-worries/

Malthusian

Anyone in Dolphin who was advised by an FCA-regulated adviser should not follow the above link.

Formal complaint to the adviser, Financial Ombudsman, FSCS if necessary. All very straightforward. No need at all to give up 30%+ of your recoveries to an ambulance chaser.

No doubt Knight Crofter will be back again shortly (since Dolphin is the only thing he posts about, even though it surely only represents 5-10% of his portfolio at the absolute maximum) to tell us it's all fine. After all Dolphin says that only 20% of investors are affected.

Though hang on... Dolphin's loan notes seem to invariably have a 5 year term, and repayment difficulties allegedly started somewhere around July 2018 (see the first comment in the pension-life.com thread).

If I've been issuing five-year loan notes on a continuous basis since 2013, and I ran out of money a year ago or thereabouts, the percentage of investors in five year loan notes I would expect to have hit their repayment date over the course of one year is... um... carry the zwei...

Ach Scheisse...

Knight_Crofter

... I have better things to do with my time.....besides I could have just chucked my money away with Woodford.......

Bloody hell, he's not German either......

atkin12

A group is being formed to try and recoup money owed contact dtag80@hotmail.com for details .