£100k - what to do?

dunstonh

Already covered that HL is not an actively managed platform but regarding Nutmeg, they are a middle ground option between full advice and no advice.

However, Nutmeg have issues. They have yet to make a profit and every year, their losses increase. Their latest figures show a turnover of 1.7million (up from £635,000) and a loss of £8.9 m in 2015 (up from 5.3m).

Their turnover was in 2014 was equivalent to a local single office IFA firm (to put the figures in context). Now it is similar to a 2-3 office IFA firm. None of which would be expected to be loss making (let alone of the scale Nutmeg is)

You have to question how long the hole is going to be plugged by the borrowers before they call it a day as the figures are not sustainable.

For an update, Nutmeg have secured £30m of funding from new investors and the existing investors.

So, that should keep them going for another 2 years given the rate they are losing money.

fun4everyone

Interesting on Nutmeg dunstonh. I have been considering making some DIY investments and had picked out Charles Stanley Direct as my platform. I have been reading they also are losing money every year, however they lost a lot less this year than last year so things are moving in the right direction. Can I ask what you think about them thanks.