Anyone used theISA.club??

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
15 replies 1.6K views
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  • Alexland wrote: »
    So please help me understand the question you are asking? While many new posters are genuine we also get suspiciously formulated messages like that at the top that appear designed to stimulate debate and awareness of a new provider of dubious products such as mini bonds which often turn out to be unregulated scams. We never really know if the poster is genuine or not but we do out best to warn people against non-mainstream investments as we regularly hear sorry tales from people who have suffered total loss in similar products.

    Alex

    Thank you, I wasn't aware of that but now I understand.
  • jimjamesjimjames Forumite
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    Splonds wrote: »
    Thank you, I wasn't aware of that but now I understand.

    If you're looking for an investment with the possibility of losing all your money then it's the place for you.

    https://damn-lies-and-statistics.blogspot.com/2019/01/my-club-isa-bond-review-safe-725-bonds.html

    Personally I'll give it a miss and stick to shares
    Remember the saying: if it looks too good to be true it almost certainly is.
  • AnotherJoeAnotherJoe Forumite
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    jimjames wrote: »
    If you're looking for an investment with the possibility of losing all your money then it's the place for you.

    https://damn-lies-and-statistics.blogspot.com/2019/01/my-club-isa-bond-review-safe-725-bonds.html

    Personally I'll give it a miss and stick to shares




    Awesome. I think that rates being a keeper and reused on similar posts. May I?
  • londoninvestorlondoninvestor Forumite
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    jimjames wrote: »
    If you're looking for an investment with the possibility of losing all your money then it's the place for you.

    https://damn-lies-and-statistics.blogspot.com/2019/01/my-club-isa-bond-review-safe-725-bonds.html

    I'd say it's worse actually! If you're looking for an investment with the possibility of losing all your money, you definitely should not invest in this - you should be looking at venture capital / early stage equity. There, your great risks come with the potential of great returns, multiplying your initial investment many times.

    With this rubbish, your great risks come with the potential of... 8-9% pa.

    (To be very clear, the equity investments I talked about should be a small part of your portfolio, and even that once you are a sophisticated / high net worth investor.)

    (To be very clear #2 - jimjames, I'm deliberately misinterpreting your post to make my own point - I have the greatest respect for the work you've done investigating LCF.)
  • londoninvestorlondoninvestor Forumite
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    Alexland wrote: »
    So please help me understand the question you are asking? While many new posters are genuine we also get suspiciously formulated messages like that at the top that appear designed to stimulate debate and awareness of a new provider of dubious products such as mini bonds which often turn out to be unregulated scams.

    That's true, but I do wonder why the Scammers' Guild hasn't cottoned on to what will happen if they post on here - i.e. pages of explanations of why these investments are such a bad bet.
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