Holborn, Empire Property

[jeba 4,363]

I received a call from a company named Horton ( http://www.holbornassets.com.es/ ) suggesting to invest in an unrated "loan note", allegedly the same as a corporate bond, except that it's not traded at public markets. The debtor would be a property developer named Empire (https://empire.property/).

These are supposedly reputable and trustworthy UK companies. Does anybody (of the Brits) on the forum have experience dealing with them? Would you borrow money to them for 2 years at a 10% interest rate (you could choose between £,€ and $)? Is it usual procedure in the UK to call private people and offer that kind of investment?

[fraufruit 42,168]

No, no and no. Where did they get your number?

 

You really can't be that naive or can you?

[snowingagain 5,355]

5 minutes ago, jeba said:

I received a call from a company named Horton ( http://www.holbornassets.com.es/ ) suggesting to invest in an unrated "loan note", allegedly the same as a corporate bond, except that it's not traded at public markets. The debtor would be a property developer named Empire (https://empire.property/).

These are supposedly reputable and trustworthy UK companies. Does anybody (of the Brits) on the forum have experience dealing with them? Would you borrow money to them for 2 years at a 10% interest rate (you could choose between £,€ and $)? Is it usual procedure in the UK to call private people and offer that kind of investment?

Lordy.  

[snowingagain 5,355]

2 minutes ago, fraufruit said:

No, no and no. Where did they get your number?

 

You really can't be that naive or can you?

You are so wrong.  Their investors are going to be raking it in.  You will be sobbing.

[Chelski 1,480]

32 minutes ago, snowingagain said:

You are so wrong.  Their investors are going to be raking it in.  You will be sobbing.

 

Agreed. I'm already in.

 

I'm double-dipping as I also still own outright a small flat (bought for £20k in 1984) above a chippie on Theobalds Road. I'm waiting for the phone call.

 

As London expands, that part of central London is just so underdeveloped (albeit a street away from High Holborn). 

[fraufruit 42,168]

Maybe I should sell my Microsoft and get in as well.

[almafreya 60]

You'll likely get more than 10% a year by simply investing in the S&P 500, with much lower risk. Given the past years performance, 10% over the next few years is probably a conservative prediction.

 

But if you have some fun money that you use for riskier investments, perhaps investing in a company that are cold calling people asking for money could be interesting.

[murphaph 9,814]

Does anyone have jeba's phone number?

[john g. 37,775]

3 hours ago, jeba said:

I received a call from a company named Horton ( http://www.holbornassets.com.es/ ) suggesting to invest in an unrated "loan note", allegedly the same as a corporate bond, except that it's not traded at public markets. The debtor would be a property developer named Empire (https://empire.property/).

These are supposedly reputable and trustworthy UK companies. Does anybody (of the Brits) on the forum have experience dealing with them? Would you borrow money to them for 2 years at a 10% interest rate (you could choose between £,€ and $)? Is it usual procedure in the UK to call private people and offer that kind of investment?

Any unsolicited call re money is a no go. Do not engage. I get them every day and ignore. 

I am a professional independent insurance broker and authorised advertiser. Contact me.

[fraufruit 42,168]

6 minutes ago, john g. said:

Any unsolicited call re money is a no go. Do not engage. I get them every day and ignore. 

 

As the last 7 posts have so sarcastically said. 

[john g. 37,775]

3 minutes ago, fraufruit said:

 

As the last 7 posts have so sarcastically said. 

My eyesight! Could only find 6😂

I am a professional independent insurance broker and authorised advertiser. Contact me.

[fraufruit 42,168]

You must have somebody on ignore. 

[john g. 37,775]

3 minutes ago, fraufruit said:

You must have somebody on ignore. 

Only myself!😂

I am a professional independent insurance broker and authorised advertiser. Contact me.

[jeba 4,363]

6 hours ago, john g. said:

Any unsolicited call re money is a no go. Do not engage. I get them every day and ignore. 

I am a professional independent insurance broker and authorised advertiser. Contact me.

It wasn't completely unsolicited as they called me a few hours before and asked whether they may call me later. I also remember them talking to me a year or so ago, but don't remember about what. I may have contacted them in response to an advertisement.

[robinson100 12,828]

4 hours ago, jeba said:

It wasn't completely unsolicited as they called me a few hours before and asked whether they may call me later. I also remember them talking to me a year or so ago, but don't remember about what. I may have contacted them in response to an advertisement.

 

If you have money to give away, I´ll gladly give you my account details

[Gambatte 925]

On 1/19/2023, 7:50:00, almafreya said:

Given the past years performance, 10% over the next few years is probably a conservative prediction.

Extrapolating future performance from past ones.

Big investment mistake.

 

Beside, 10% is probably overoptimistic. I do invest in the SP500 too (in fact, my biggest investment outside property). I think 6% is a realistic hope for a 20yr average.

 

I think many governments suggest 6% as a benchmark for realistic long term expectations from the stock market.

[almafreya 60]

5 hours ago, Gambatte said:

Extrapolating future performance from past ones.

Big investment mistake.

 

I'd agree if discussing single companies or sectors, but not for an index fund that tracks the SPY500. I like JL Collins article on this topic:

 

https://jlcollinsnh.com/2012/04/19/stocks-part-ii-the-market-always-goes-up/

[Gambatte 925]

@almafreyathanks for the article, its interesting.

But did you read it?

I read it and 1) it doesn't say anything regarding predicting future performance from past ones, and 2) it doesn't even try to convince its own thesis, the market always goes up, other than just repeating the thesis itself.

The conclusion from the article is more like "yes, there are downs, but if you wait long enough it will recover". 

Read infinitillions times everywhere already 😴

[jeba 4,363]

3 hours ago, Gambatte said:

The conclusion from the article is more like "yes, there are downs, but if you wait long enough it will recover".

Problem is you may have to wait for longer than you'll be around. Ask those who invested into the Nikkei in the 80ies.

[Gambatte 925]

6 hours ago, jeba said:

Problem is you may have to wait for longer than you'll be around. Ask those who invested into the Nikkei in the 80ies.

🤣