Nutmeg crowdfunding
bavesr
Posts: 3 Newbie
Hi, Is anyone considering the Nutmeg crowd funding which will be opening to existing customers of Nutmeg at some point this year, probably in the next month or two? I am and wondered what the general feeling was about this move by Nutmeg.
I joined Nutmeg as a result of the investing inventive through MSE in April last year and I have to say so far it's been very good from an interest point of view and the transparency of their monthly market commentary.
I joined Nutmeg as a result of the investing inventive through MSE in April last year and I have to say so far it's been very good from an interest point of view and the transparency of their monthly market commentary.
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Comments
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What is it about a company that has never been profitable, and is reliant on a continual stream of investor's money, that attracts you to this investment?
I'd have reservations about being a customer, let alone an investor.0 -
I joined Nutmeg as a result of the investing inventive through MSE in April last year and I have to say so far it's been very good from an interest point of view and the transparency of their monthly market commentary.
Those aren't good reasons to bank-roll the company!
That good interest is underpinned by a company that consistently makes a loss.
Do you want to help fund that loss?
https://citywire.co.uk/wealth-manager/news/nutmeg-losses-soar-to-12-4-million-as-regulatory-costs-bite/a11627550 -
I thought there was a previous thread on Nutmeg's crowdfunding (around March) but I can't find it now.
In any case, the main question for the OP is:
1) if they invested in Nutmeg because they wanted a hands-off medium risk solution,
2) and were willing to pay extra for a very restricted fund selection due to their limited knowledge to prevent them investing in the wrong thing,
3) why do they suddenly want to go for ultra-high-risk venture capital investment in a loss making startup.
4) Also, which 15-20 other startups do they plan to fund to have a vague hope of making money out of venture capital investment.0 -
OP, when you say an "interest" POV, do you mean "interest" in the sense of "this is an interesting strategy / fund " or "I'm getting x% return"0
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I have not and will not consider it, as a general rule I stay away from crowd funding as we know it.
N.B. I appreciate that effectively investing is crowd funding to some respect by pooling assets, but I'm referring to the crowd funding that OP is referring to."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
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