Cute Hoor wrote: » So far I've had 100% success in getting out, always with the 100% capital + what was promised extra. I did pick the businesses to invest in myself (windfarms were a favourite) so I don't know anything about BVP. Investing in a group of businesses (as opposed to 1) should give one comfort to safeguard much of your capital investment, the downside is if just one of the group of businesses go belly-up you are automatically partially down on your capital investment. This is not without risk obviously, so I wouldn't be encouraging anybody to waste their hard earned. Depends on your risk appetite.
Cute Hoor wrote: » I don't think there is anywhere you can get a list of them, so this is the list of ones that I can find, all taken from SBP over the last couple of weeks greencrowd.ie patientmpower.com pureirishice.ie (have already raised €530k of the €600k they plan to raise as per SBP of a few weeks ago) Davy EIIS Fund Spark Crowdfunding Neighbouroo Moby Dairy Concepts Kinsale Spirit Co Brampton Care Home Zero Recycling Velo Coffee Roasters Sensibin Emex/Blackbee .
Curious Geroge wrote: » Tempted, short time to get it done for 2020..any experience with Davy EIIS Fund, they seem to be actively involved every year.
caviardreams wrote: » I think you can contact the company directly in some cases and don't need to hire a financial advisor. e.g. https://www.sparkcrowdfunding.com/campaign/moby Does anyone know if there is much paperwork involved or is it a case of express your interest, send the money and complete the shareholder paperwork etc.
Nermal wrote: » I've identified three fund options, BVP, Davy and Goodbody. Davy haven't provided any information yet. Both BVP and Goodbody charge a commission of 3% on top of the investment, that commission is not eligible for tax relief. BVP minimum is €10K, Goodbody minimum is €20K. As other posters mentioned, information on historic returns is not available. BVP's projections and bonus structure are based on a 15% IRR inclusive of the tax relief, Goodbody target a '10% uplift', which is more or less the same when you work it out. BVP and Goodbody suggest a maximum of 2% of costs - in total, not PA. Goodbody also suggest the possibility of up to 2% commission on exit. Goodbody give a bit more information on past funds, one can see the fund is typically allocated to 4-5 companies per year. I prefer fund options for diversification, I was expecting (perhaps naively) a wider spread of investments. There's investor protection to the lower of 90% / €20K but that's obviously against fraud only, not investment risk. You can't get a CGT loss from the investment, but you can have a gain. You might not get the details you need to claim the relief until late 2021/early 2022. The amount of PAYE you can escape really surprises me. Up to half a million, if you hold for seven years. Both mention the application of this to taxable lump sums in particular. But frankly, between pension reliefs and this relief, why pay 40% on any income? Take a gamble - the Government will just waste it otherwise! If I get anything from Davy, I'll update this post. One unsatisfactory aspect of this is how there's a rush to get it all sorted at the end of the year. Edit: Davy is also a 3% commission, 2% exit, with a minimum of €5,000, and also presents assumptions centered around an IRR of 7-15%.
rocketspocket wrote: » Not get the details until 2021/2022! - Can you not use this to offset your 2020 tax return as you've paid into the fund in 2020?
Nermal wrote: » I got the Goodbody prospectus on Monday, and applications apparently closed today! A lot of savings out there looking for a home.
One More Toy wrote: » Anyone know of any eii scheme in relation to wind farms?
Cute Hoor wrote: » Did the Goodbody prospectus identify the businesses you would be investing in, I'd be concerned if they didn't.
caviardreams wrote: » I got the Davy prospectus emailed to me yesterday - it didn't list the businesses you're investing in, I imagine it's the same across the board which put me off. At least if you choose them yourself you know what you are getting. Does anyone know why this all seems so rushed and it's so hard to find a listing of all the business opportunities etc.? Seems a bit cloak and dagger!
Gman1987 wrote: » BVP still have not finalised their investments for the 2019 fund so that means investors are still waiting for the statement of qualification. Also means that an investment that is advertised as four years will likely turn into minimum five years.
Cute Hoor wrote: » This is the reason that I wouldn't be going with a fund, you need to know who you are investing in and just as importantly get your money invested immediately so that their is minimum delay in your return. My understanding though is that you would get the tax back immediately, I think investing in the fund is sufficient for the statement of qualification, I could be wrong on that though
curiousinvestor wrote: » hi gman, apologies if you stated this already but what do you mean by "Direct" Is that one company type investment through an investment firm/ accountant ? I've asked bvp this morn about the return of tax / declaration etcetc. I didn't get a straight answer, other than it may take a year to get the declaration sorted. So I'm reading that as I won't claim on the 2020 tax return,its 2021. So thats not great
Gman1987 wrote: » Invested in companies directly rather than via funds such as BVP, Davy etc. If you are thinking of investing ensure you do your own research. From speaking to some of the firms previously who offers EIIS fund opportunities their past performance has been anything from 65% to 115%. If you invest direct with a company instead the return could be anything from 0% to what they agreed in the initial offer i.e. you could loose all if they go bankrupt. You are taking on a risk by investing in either option so what I would say is ensure you fully understand the risk involved and don't invest what you cant afford to loose.
