My $10,000 Investment Is No More! (DirectMoney Personal Loan Fund Wind-Up)
Channel: Daily Insight
Date: 2020-06-30

A few years ago, I invested $10,000 in Wisr’s DirectMoney Personal Loan Fund. (I may have spoken about it a couple of times before on this channel). Wisr weren’t called Wisr back then, they were called DirectMoney, hence the name of the fund. The fund has been performing well. Over the last couple of years, it’s been averaging about 7.5% returns. I had nothing to complain about. But then on 15 June 2020, I got contacted by the fund’s responsible entity, One Investment Group. On their website, under ‘Fund Documents’, they have a link titled, “Notice to Investors re the Termination of the Fund”. It doesn’t sound like good news, does it? Do I get my $10,000 back? I sure bloody hope so!

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