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    • Smb3088
    • By Smb3088 8th Apr 18, 8:27 PM
    • 249Posts
    • 26Thanks
    Any LCF investors?
    • #1
    • 8th Apr 18, 8:27 PM
    Any LCF investors? 8th Apr 18 at 8:27 PM
    With an 8% interest isa for 3 years itís appealing and Iím keen to invest with LCF. Does anyone have any experience with them or advice?
Page 1
    • YorkshireBoy
    • By YorkshireBoy 8th Apr 18, 8:34 PM
    • 30,129 Posts
    • 17,979 Thanks
    • #2
    • 8th Apr 18, 8:34 PM
    • #2
    • 8th Apr 18, 8:34 PM
    All the "advice" I'd need may be found here...

    If you want a second opinion, search the boards for the many posts such as yours asking about LCF.
    • Smb3088
    • By Smb3088 8th Apr 18, 8:48 PM
    • 249 Posts
    • 26 Thanks
    • #3
    • 8th Apr 18, 8:48 PM
    • #3
    • 8th Apr 18, 8:48 PM
    Thank you , I was looking st their ISA Compare-ISA&utm_content=TIR

    And just wanted to fetch experience
    • Superscrooge
    • By Superscrooge 8th Apr 18, 8:49 PM
    • 1,065 Posts
    • 763 Thanks
    • #4
    • 8th Apr 18, 8:49 PM
    • #4
    • 8th Apr 18, 8:49 PM
    This is the important bit of the disclaimer you need to focus on

    Investors should note that repayment of the bonds offered by London Capital & Finance Plc, and the payment of interest on the bonds, depends on the performance of loans made by London Capital & Finance Plc to various small and medium sized borrowers. In the event that these borrowers default on the loans, investors are likely to lose some or all of their investment.
    • dunstonh
    • By dunstonh 8th Apr 18, 9:21 PM
    • 92,147 Posts
    • 59,308 Thanks
    • #5
    • 8th Apr 18, 9:21 PM
    • #5
    • 8th Apr 18, 9:21 PM
    For me, investing in an unregulated 100% loss potential high-risk asset with no FSCS protection to get just 8% is not worth the risk unless if was for just a very small amount (FCA guidance is no more than 5% and only with people that can afford the 100% loss).
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • jimjames
    • By jimjames 8th Apr 18, 9:25 PM
    • 12,543 Posts
    • 11,176 Thanks
    • #6
    • 8th Apr 18, 9:25 PM
    • #6
    • 8th Apr 18, 9:25 PM
    Originally posted by Smb3088
    Have you been seduced by this advert? Highly misleading and likely to be luring people in who have no idea what they have signed up to. As per previous posts if you're prepared to lose all your money why not invest it instead so you at least have FSCS protection?
    Remember the saying: if it looks too good to be true it almost certainly is.
    • Malthusian
    • By Malthusian 9th Apr 18, 7:52 AM
    • 3,909 Posts
    • 6,107 Thanks
    • #7
    • 9th Apr 18, 7:52 AM
    • #7
    • 9th Apr 18, 7:52 AM
    At the last market price you can get 8.9% from Friends Provident plc 3-year bonds (now part of Aviva), with the same risk of losing all your money, but in a far more established company and with far far more liquidity.

    What is it about London Capital & Finance's financial strength that made you think it was a safer bet - and therefore requiring lower coupons to attract your money - than Aviva?
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