Below represents the deals we have done recently:
High Yield Fund
This fund has achieved a continued APR of 12%.
This represents better results than any junk bond or – for that matter – just about any bond or high yield financial instrument in the marketplace.
The LVIC has relationships with subprime lenders who use the money to relend at higher rates.
This deal rates highly when compared to any other like ‘vehicle’ in the same investment class and certainly places in the top 1 percentile – related to performance.
MOGO Finance Technologies
In February 2014 about two dozen LVIC members invested in ‘MOGO Finance Technology’.
The company allows customers to apply online for loans of up to $25,000 CDN (MOGO is a Canadian Company) for terms ranging between one and five years.
On long term loans, it charges 6.9% to 35.9% depending on the customers’ credit score. Borrowers with good repayment histories can achieve lower interest rates during the loan duration.
Among other features/benefits – MOGO offers a prepaid VISA card that customers can reload – as well.
The company did its initial public offering in late June and club members had triple digit gains based on the IPO price – in less than 17 months. .
WMODE
Earlier this summer the LVIC had another “home run”.
The LVIC introduced WMODE to members – it is a Calgary (Canada) Tech Company.
Customers of WMODE include Jaguar & Land Rover
Within 12 months of investing the company – it sold to Silicon Valley Company AppDirect Inc
(AppDirect’s major backer is Peter Thiel, Paypal Co Founder).
Having invested at 23 cents US per share – the cash exit sale price was 45 cents Canadian per share (after one year).
That is close to another triple digit return – in less than one year – less the exchange rate to Canadian dollars.
The Las Vegas Investment Club has invested in 2 storage unit facilities’ – both in Las Vegas.
Here is the update from the Operator David Baker.
Another excellent project for club members!