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50,000 pounds to invest
Karmo
Posts: 16 Forumite
I was thinking about investing in a flat to rent but then I saw this
http://www.alternativebonds.co.uk/venture/
Is it a scam ? It does say FCA regulated . Also the airport parking deals . Does anyone have any experience with that ?
Im looking at a medium risk investment . Perhaps I would be best with an ISA stocks and shares .
ISAs cash pay virtually nothing these days .
Thank you for your ideas .
http://www.alternativebonds.co.uk/venture/
Is it a scam ? It does say FCA regulated . Also the airport parking deals . Does anyone have any experience with that ?
Im looking at a medium risk investment . Perhaps I would be best with an ISA stocks and shares .
ISAs cash pay virtually nothing these days .
Thank you for your ideas .
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Comments
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I was thinking about investing in a flat to rent but then I saw this
[link]
Is it a scam ? It does say FCA regulated .
You would be lending money to an Australian mining firm whose 2016 financial statements showed zero revenue.
Their ambition is to become a revenue generating metals miner in the 'near term' and want people to lend them money so they can have a go with a mine they acquired in Tasmania which will require millions spent on it to start pulling ore out of the ground. The money would be spent on, among other things, refurbishing the plant and rescheduling existing debt that they owe.
It is 'asset backed' in the sense that the company will have some assets and licences to dig metal out of the ground with a proven / probable resource, and of course they will have the cash you just gave them (until they spend it). The 'senior security' just means they have an obligation to pay the bond holders in priority to some of the other creditors and the owners of the equity of the company. Huge numbers of small mining companies spring up and go bust each year. So if you invest £50k within the £25 million they are raising, and they lose most of the money and end up down to their last million and give up on the venture, and then they have a few hundred thousand of liquidation expenses, you would recover only a few hundred quid out of your £50k investment.
So, that's not a 'medium risk investment'Also the airport parking deals . Does anyone have any experience with that ?
Typically they will offer to 'guarantee' you some level of income for a short amount of time, which they can pay you with the cash you give them, and then you stand to lose all the rest of your capital leaving you well out of pocket. The resale value of one individual parking spot among loads of others on a near airport parking site that might not continue to be used for parking forever may be close to nil and you will have no control over its maintenance, use or sale. There is nothing special about the parking spot you buy - so if there is some money recovered, nothing can be done to help you get your hands on the cash in priority to the other suckers who fell for the marketing pitch getting theirs.Im looking at a medium risk investment . Perhaps I would be best with an ISA stocks and shares .
ISAs cash pay virtually nothing these days .
That way you can get to a medium-ish blend of risk rather than the 'eggs all in one basket' high risk opportunities such as individual company bonds, shares, or parking spots
This is an example of an investment fund offering medium-ish risk, which can be bought within an ISA:
http://www.charles-stanley-direct.co.uk/ViewFund?Sedol=B8VZ3F5&Isin=GB00B8VZ3F59
Of course, one person's view of 'medium' risk is not the same as the next person's.
**Edit ; I'll leave the original text above in case it's useful for anyone else, but you can ignore my comments about holding a fund like that in an ISA. Based on your other posts you are living in Asia and may not be a UK resident, but instead a foreign resident who only pays UK tax on their UK income.
Therefore you can't open an ISA (cash or S&S) which is a product only available to UK tax residents. If you declared yourself to HMRC as UK tax resident for purposes of opening an ISA, you would have to pay tax on your worldwide income which presumably would be unwelcome. So, you'd have to invest in a normal non-ISA account instead.
Also, you will find that many mainstream UK stockbrokers and investment platforms do not want to take on new customers who are non-UK resident and even those that accept overseas investors may have specific restrictions for investors resident in certain countries with a reputation for corruption or lower standards of financial regulation than UK.0 -
Airport parking schemes are run by the same people who were previously doing self storage pods. Google "self storage winding up" to see where that went.
No-one here will have experience of such schemes - people who have lost all their savings on get-rich-quick scams have no need to visit a Savings and Investments forum.0 -
It sounds to me that you are just as open for stocks & shares ISA as you are for airport parking ideas. Get your system in order first, and then you'll see where that £50k is best spent for you. The UKPersonalFinance subreddit has a step by step guide on what to do with your lump sum: reddit.com/
r/UKPersonalFinance/wiki/lumpsuminvestment (I can't post links properly).
Regarding specifically airport parking, how good of an investment will it be when self-driving cars become common? I generally stay away from heavily marketed investment ideas. But first things first, think about your finances strategically. :coffee:0 -
Malthusian wrote: »Airport parking schemes are run by the same people who were previously doing self storage pods. Google "self storage winding up" to see where that went.
No-one here will have experience of such schemes - people who have lost all their savings on get-rich-quick scams have no need to visit a Savings and Investments forum.
Oh! but they do. Unfortunately always after the event, with a how can I get my money back thread0 -
If you want to take high risk you can do so with funds but in a much more regulated, transparent and safe way.0
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I was thinking about investing in a flat to rent but then I saw this
http://www.alternativebonds.co.uk/venture/
Is it a scam ? It does say FCA regulated . Also the airport parking deals . Does anyone have any experience with that ?
Im looking at a medium risk investment . Perhaps I would be best with an ISA stocks and shares .
ISAs cash pay virtually nothing these days .
Thank you for your ideas .
Try an Investment Management company - such as Quilter Cheviot0 -
I was thinking about investing in a flat to rent but then I saw this
http://www.alternativebonds.co.uk/venture/
Is it a scam ? It does say FCA regulated . Also the airport parking deals . Does anyone have any experience with that ?
Im looking at a medium risk investment . Perhaps I would be best with an ISA stocks and shares .
ISAs cash pay virtually nothing these days .
Thank you for your ideas .
Your inclination to simply open a S&S ISA is the right one.....avoid schemes that promise large returns because they are either scams or very risky.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
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QC charge a %fee of about 1.5%0
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