Fluid ISA and Halcyon Developments?

daveyjp

I can also offer an 8% return with no guarantee of getting your money back. The bonus of my scheme is it will only take a few seconds to earn the money, not a year.

All I need to know is which street of three numbers you want me to put your chips on.

Malthusian

Albermarle wrote: »

Although it is very much 'buyer beware' with any P2P type product, they are an alternative investment that can work well as a small part of a portfolio.

Investing in loans from newly incorporated companies with zero due diligence can only work well as part of a portfolio if the objective is to lose it.

A diversified portfolio of a hundred turds is not a better investment than a single turd.

Naturally if you have commissioned a firm of professional corporate finance specialists to produce a full due diligence report into Fluid, and are satisfied that their cashflow projections are based on realistic assumptions and accurate financial data, that its "diverse, asset-backed portfolio" exists and is worth what the directors say it is worth, that the directors have the necessary expertise to achieve their goals, and that the risk of this company failing is low enough to justify lending them money at only 6% per year, this does not apply to you.

Albermarle

I was not advocating investing in this company in particular, especially as you say it has no history .
I was just pointing out it seemed to have a similar business model to many existing P2P/mini bond/IFISA type companies . Apart from a couple of well known disasters , P2P has been quite good to many investors , especially those who dived in early when returns were better than today.

eskbanker

Albermarle wrote: »

I was not advocating investing in this company in particular, especially as you say it has no history .
I was just pointing out it seemed to have a similar business model to many existing P2P/mini bond/IFISA type companies . Apart from a couple of well known disasters , P2P has been quite good to many investors , especially those who dived in early when returns were better than today.

Still not seeing the relevance of the repeated mentions of P2P - in what sense would you contend that you'd be loaning money to peers if investing in a Fluid bond?

Would you consider a high street bank savings account a P2P investment too, on the basis that the bank makes loans from its capital that's sourced from depositors....?

Albermarle

Still not seeing the relevance of the repeated mentions of P2P - in what sense would you contend that you'd be loaning money to peers if investing in a Fluid bond?

Often articles in the regular and financial press lump P2P and mini bonds together as the risk can be similar and they can both be held in IFISA's.
The confusion can be that some P2P is still 'pure' but most has morphed into something different , such as so called black box accounts ( which is a bit like your bank analogy)
Also if you have a P2P loan that does not amortize at all and the capital is paid back at the end ( a bullet loan) then the difference between this and a bond starts to become rather a grey area.

londoninvestor

eskbanker wrote: »

Still not seeing the relevance of the repeated mentions of P2P - in what sense would you contend that you'd be loaning money to peers if investing in a Fluid bond?

I mean Fluid lends it on - but you have no say or control in who it lends to, and how diversified the lending portfolio isn't or isn't.

Contrast that to Ratesetter, Funding Circle etc, where you choose how much you lend to whom - or contrast it to an equity holding in a property finance company, where at least you have voting rights and the shareholders can even oust the directors.

johnkennedy10

Halcyon Development France, my partner and I purchased a fraction in the main part of this resort and have received NO RENTAL INCOME since September 2014.

MarkCarnage

johnkennedy10 wrote: »

Halcyon Development France, my partner and I purchased a fraction in the main part of this resort and have received NO RENTAL INCOME since September 2014.

And did you get any before September 2014?

In other words are you looking at 100% loss, or something slightly less than that?

bostonerimus

Posts like The OP’s should be used as training aids in how to spot dubious investments that are to be avoided like the plague.

sooty900

reeac wrote: »

We never did get to hear which forum was singing their praises.

There is a link on their website that takes you to reviews on TrustPilot. Good reviews but not many of them.