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Seen these being offered at 8% if you leave it there for 3 years. 6% for 2.
Just sold a house so got some cash to invest. It would pay me more than tenants did with no hassle but I know nothing of them. I trust they are protected like cash in the bank is?? Banks still pay nothing of course.
Ostensibly less risky than buying equities but significantly more risky than any bank deposit. You have no protection from the FSCS and you run the risk that the underlying business goes bust or cannot redeem the bonds at maturity.Quote:
Originally Posted by goats
Good to know that it's not protected by the FSCS. That would be the end of that then.Quote:
Originally Posted by JumpersforGoalposts
Says on website that they are regulated by the financial conduct authority.....Quote:
Originally Posted by JumpersforGoalposts
If you're buying a bond fund then FSCS will cover you for failure of the fund manager but not any failure of the underlying bond issuer/s. So in effect you are not covered for capital losses in the value of the bond/s but covered for maladministration by the fund manager.
There's a thread further down the board that might help you it says Burton away ,:thumbup::thumbup:lots of interest I'd give them a shoutQuote:
Originally Posted by goats
if the bond is paying 8% then the underlying asset must be paying 10-12% to the fund manager for them to make a decent margin. This isn't a junk bond but it is isn't triple A either.
you would be better off buying an offshore AA+ bond in Jersey or Guernsey as it will get you the same result.
Can't afford that sort of playboy away day anymore.....lolQuote:
Originally Posted by Since64