September 23 Members Only Club Meeting
With 4 ‘wins’ since the beginning of 2014 the Las Vegas Investment Club (LVIC) is on a roll
The High Yield Fund, Mogo, Wmode and the sale of Desert Shores are summarized below:
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. .
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.
Desert Shores Villas - Real Estate Project
This project encompassed the purchase of 50 properties in Las Vegas - on the edge of Summerlin.
The goal was to purchase units in a project with huge upside potential that had been oversold.
(Desert Shores fit that criteria).
When the LVIC got involved the master reserve fund was at an all time low and many owners were not paying their monthly HOA fees.
There was dozens of foreclosures underway in the community.
In addition, there was high incidents of crime and an obvious presence of unlawful substances.
Working closely with the board and police the LVIC took several steps to decrease expenses, increase revenues and improve the community overall.
In August 2015 the 50 properties investors had acquired in the development were sold
and all investors exited the project profitably.
This was a perfect fit for the LVIC – involving investment in a community, helping to improve it
facilitating cash flow and then a profit - at sale - for investors.
The Las Vegas Investment Club is very proud of these achievements
and looking forward to bringing members to another attractive opportunity in the near term.
The next LVIC Member meeting is September 23rd at the Orleans at 6:59PM (we always start on time)
This is a LVIC ‘Member’ only meeting
If you are not a member and interested in investigating membership
- Guests (and guests of Members) may attend one - only Member meeting
- in advance of making a decision to join.
Membership is $299 per year - for Nevada residents
$149 per year for non Nevada residents
Welcome To The Las Vegas Investment Club
The PREMIERE PLATFORM for financial education and investing in Las Vegas. We help you build a strong financial network cultivated in a network environment of experts and like minded individuals. We are dedicated to our efforts, we hold monthly meetings, and we also produce our monthly Economy Call webcast (for our local and national members) which is a summary of the global economy which you can't afford to miss!
We're passionate about helping our local community and we also welcome any participant member across the nation! Our membership is absolutely FREE!
A Few Words From Our Members
'15 & '16 Meeting Dates
Jan 25, 2016
- Sibling set of 5 Hopes for a Permanent HomeOctober 26, 2015
- I Have Truly Benefited From The Guidance Provided at Club MeetingsSeptember 12, 2015
- Las Vegas Investment Club Strong Supports of CASAApril 13, 2015
- Las Vegas Investment Club Involvement To Support The Local CommunityFebruary 17, 2015