tag:blogger.com,1999:blog-6533494677366906459.post4212822610687740367..comments2023-05-14T13:16:00.415+01:00Comments on DIY Income Investor : Nothing Ventured...(Portfolio Buy)Sisyphushttp://www.blogger.com/profile/11345967558482194349noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6533494677366906459.post-73290207241627187382015-04-10T17:49:02.953+01:002015-04-10T17:49:02.953+01:00Hi, What's your latest thinking about Maven, i...Hi, What's your latest thinking about Maven, it seems to taken a bit of tumble lately? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6533494677366906459.post-39370290650908246072014-08-23T08:31:19.485+01:002014-08-23T08:31:19.485+01:00Anonymous here (the first one - actually I'm C...Anonymous here (the first one - actually I'm Colin!)<br /><br />iWeb withdrew investing in VCTs earlier in the year. I don't think they gave a reason and I can't find the announcement on their dreadful website. They also withdrew their regular investment facility as well. Annoying - I moved to them in January to escape Alliance's hike in fees. You get what you pay for I guess.<br /><br />Great blog BTW!Colinnoreply@blogger.comtag:blogger.com,1999:blog-6533494677366906459.post-33238696385213187042014-08-23T00:20:54.445+01:002014-08-23T00:20:54.445+01:00Hi Michael - as I note in the article, I don't...Hi Michael - as I note in the article, I don't pay any tax on my investments, so I don't need these particular tax breaks. That means I can buy & sell when I want...<br />Sisyphushttps://www.blogger.com/profile/11345967558482194349noreply@blogger.comtag:blogger.com,1999:blog-6533494677366906459.post-39894280687874333002014-08-22T19:21:47.852+01:002014-08-22T19:21:47.852+01:00Anonymous - Re iweb - as VCTs are listed on the st...Anonymous - Re iweb - as VCTs are listed on the stock exchange they should allow you to buy - are you sure they dont allow purchase perhaps you have to do over the phone<br /><br />Diy Income - love the blog. Here are a few comments on VCTs (I am not an expert but have subscribed to a few new issues in the past). HL and Best Invest (among others) have quite good guides to the pros and cons and summaries of current open offers which are worth reading<br /><br />They tend to be highly illiquid i.e. difficult to sell at a good price with a large bid offer spread<br />Usually trade at a high discount to net assets<br />Worth checking out their buyback policy and looking for those trusts with a clear discount control mechanism<br />Annual charges are usually huge (2-3% plus performance fee is not unusual)<br />There are a huge range of different vcts with substantially different aims from lower risk limited life, through to those investing in early stage tech companies or even in past windfarms, generalist and aim vcts.<br /><br />Re your comment on no debt while the vct itself might not have any debt the companies it invests in may well be geared.<br /><br />The tax advantages are quite good - subscribing to a new issue you would qualify for 30% tax relief if you keep for 5 years and whether bought new or from the market dividends and capital gains are tax free.<br /><br />Out of interest is there any reason you didnt go for a new issue?<br /><br />As ever DYORMichael Bnoreply@blogger.comtag:blogger.com,1999:blog-6533494677366906459.post-60361784907234553262014-08-22T19:18:59.915+01:002014-08-22T19:18:59.915+01:00-- "Unfortunately not available through iWeb....-- "Unfortunately not available through iWeb." --<br /><br />The changes to what we can and cannot buy are very recent and sometimes you have to remind your broker about this. I had the same problems with iii but one email solved the problem. They simply have to add the company to their database. I think that iweb is owned by Halifax which is owned by Lloyds, so should be no problem.<br /><br />SteveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6533494677366906459.post-83241311143125981302014-08-22T08:45:36.558+01:002014-08-22T08:45:36.558+01:00Very interesting - thanks. Unfortunately not avail...Very interesting - thanks. Unfortunately not available through iWeb.Anonymousnoreply@blogger.com