Blackmore Bond

Alexland

sully1311 wrote: »

But aha, you get the Capital Protection Scheme, so you’re convered if anything goes wrong!*

*Capital at risk

Sounds like Volvo terminology for deactivating the airbags and relying on the scented air freshener to shield your face?

Alex

Perhaps

Alexland wrote: »

After what's happened with LCF then I don't see why you would risk taking any similar product marketed by Surge.

There are so many better mainstream investments.

Agreed. Blackmore's accounts are currently full of red, and it's unclear at what point they might make a profit. The huge payment to Surge makes this extra difficult.

The only reason people are interested in this is the '8% fixed rate' label, but there's no evidence they can achieve that. If you ignore that bit, why is anyone here? There are plenty of better, properly regulated, investments.

AnotherJoe

FYI, just noticed the original posting date of this, nearly a year ago.

Though it might come in useful now for anyone who was on the cusp of buying LC&F and looked elsewhere after that route was shut down and found this thread after a search.

jimjames

It appears that Blackmore Bonds may also be non ISA compliant in the same way that LCF bonds were and were part of the FCA ruling that stopped their marketing back in Dec 2018 which led to the company being put into administration.

https://damn-lies-and-statistics.blogspot.com/2019/02/blackmore-bonds-isa-allowed-investment.html

fwor

Given that this thread is now nearly a year old, would it be helpful to look at what investments sites such as top-isarates.co.uk are currently pushing?

For example, that particular site is now pushing The Capital Bridge (fixed rate ISA, interest rate 9%), with Blackmore Bonds relegated to second place.

Will there be threads like the LCF one in a years time, but about The Capital Bridge instead?

hgdriver

Hi I have been with Blackmore bonds for 2 years and they are consistent with all reviews they have paid interest on my investment every time yes it is a risk but so far so good

AnotherJoe

That's what some LC&F proponents said a year ago. They also had received dividends which if course was nothing more than getting some of their own money back. Now they are desperately hoping they will get some proportion of their capital returned despite the so-called "guarantees" and "FSCS protection".

sully1311

hgdriver wrote: »

Hi I have been with Blackmore bonds for 2 years and they are consistent with all reviews they have paid interest on my investment every time yes it is a risk but so far so good

Do you actually believe you’re getting interest back or just the money you invested originally? I hope they last long enough so they’re still trading when it matures, but I doubt it.

Please read the LC&F thread for the most likely outcome. What I’d be worried about is Surge have removed Blackmore from their website which was probably their biggest advertiser for them.

AnotherJoe

hgdriver wrote: »

Hi I have been with Blackmore bonds for 2 years and they are consistent with all reviews they have paid interest on my investment every time yes it is a risk but so far so good.....

.. said Bernie Madhoffs clients.



Unlike investing in say Persimmon,where you can see how the money is being spent, what the profits are and what the prospects are, Blackmore is a closed book you have to take on trust.


Why you'd trust a company whose method of operating was until very recently to provide misleading adverts putting them pretty much in the same ultra low risk light as 1 % cash ISAs, is beyond me.

masonic

AnotherJoe wrote: »

.. said Bernie Madhoffs clients.

Bernie Madoff's clients have so far recovered 76% of their money: https://www.reuters.com/article/us-madoff-payout/madoff-customer-payout-tops-12-billion-idUSKCN1QB1VA
I don't think those investing in these bonds will fare as well when they start to unravel.