You need to manage the risk to get the profit.
Thus THINK RISK THEN PROFIT.
My funding societies initial return is 12%.
Due to default, now return drop to 8.39%.
This is still higher than FD.
Funding Societies default risk Note:
2019-07-03 13:24:03
Dear Investor, We would like to provide you with an update on the Issued Note MBBT-18090034 (“Issued Note”). The panel lawyer has attended the second case management on 28 June 2019, they have also informed the Court of the intention of Funding Societies to file for a Summary Judgment against the Note Issuer. Accordingly, the Court has instructed us to do so by 12 July 2019. (A Summary Judgment is an application available to Plaintiff to file in court which allows the court to determine the outcome of the case without going through a full trial.) We will update you on the progress of the suit by 12 August 2019, or earlier should there be any major developments. Thank you for your patience and continued support. Kind regards, Team Funding Societies 3 July 2019, 1.23pm.
2019-06-03 14:45:14
Dear Investor, We would like to provide you with an update on the Issued Note MBBT-18090034 (“Issued Note”). The panel lawyer has attended the first case management on 29 May 2019. The Court has instructed as follows: 1. The Note Issuer has to file a defence against our Statement of Claim by 13 June 2019. 2. We have to reply to the defence by the Note Issuer by 27 June 2019. 3. The next case management is slated for 28 June 2019 for parties to inform the Court if the parties intend to file interlocutory application (if any) and if there is no such application made, the Court will proceed to fix a trial date. We will update you on the progress of the suit by 30 June 2019, or earlier should there be any major developments. Thank you for your patience and continued support. Kind regards, Team Funding Societies 3 June 2019, 2.45pm