Angel Business Club
Angel Business Club, My Experience.
The club’s intent is to provide a way for the ordinary man in the street to get involved in the up-and-coming businesses before they become household names, it gives the little guy a foot on the ladder that’s normally only open to the wealthy few.
Think Dragons Den and ABC allows you to become a dragon, you partake in the venture by becoming a subscriber, there are different levels ranging from €89.00 a month upwards and as a subscriber you receive a selection of shares dependant on your subscription level, these shares are in companies that the management have sourced as offering value both now and in the future, whilst they appear to have great potential, some may never succeed, the current portfolio is looking really strong, with some very interesting companies, for them the future looks very bright indeed.
The club has 4 different levels at which the companies are situated from Ignite to Pre IPO, as they grow, they move through the levels, with the help of the club, hopefully in time some will be able to list on the stock exchanges.
The whole ethos is to engage, and educate, there are regular weekly two-way on-line meetings, allowing you to find answers to any questions you might have, these meetings sometimes include updates on progress by the CEOs of the companies involved, the management at ABC are actively engaged in overseeing the success of the companies that are involved, in fact they have before now pulled more than one back from the brink of disaster.
Like most business models today there is a reward for introducing a new member, the proceeds you can use to upgrade your membership.
I have been a big fan of ABC since its inception, and paid my monthly subscriptions, unfortunately I am not a good recruiter so have not personally benefited from this, some have done far better building a portfolio of over £100K.
Things to be aware of:
All payments are in Euros, this means your monthly fees will fluctuate if you live in an area that does not have the Euro as its base currency.
Investments are controlled by the club, they decide on your allocation with a particular company, if it’s not to your liking you can buy and sell on the clubs own trading platform, so you are able to build your portfolio with the companies you have an interest in, the prices vary from the value the club puts on them, so when selling you cannot rely on recovering the quoted value.
This is a Long-term commitment, once you start you need to be prepared to stay the course, we are looking at 3-5 years as a minimum, the longer you stay the greater the value of the successful companies will be, a couple of really strong companies will cover for any that are slow to develop.
You have to make your own decisions, my comments I hope will not detract you from joining the club, they are there to help you to make a decision that suits you.
April 9, 2021
Unprompted review