Offshore Investing ... How Safe?

rebecca1 · 18 October 2016 at 11:57AM

I, like many people are looking for competitive interest rates.
I have come across an Offshore company offering 6.25% for 1 year.

They do not have any governmental protection as they are a private investment company registered in the offshore area. But depending on the investment amount and period they offer direct securities provided by their affiliate company who is a licensed insurance broker and consumer loan provider in the Scandinavian countries.

Should I be concerned about how safe my investment will be?

Rebecca

dunstonh · 18 October 2016 at 12:25PM

Offshore Investing ... How Safe?

Investing or saving?

I have come across an Offshore company offering 6.25% for 1 year.

Is that a deposit account or an investment?

But depending on the investment amount and period they offer direct securities provided by their affiliate company who is a licensed insurance broker and consumer loan provider in the Scandinavian countries.

That would suggest 100% loss potential risk based investment.

Should I be concerned about how safe my investment will be?

If you are looking for savings then yes you should be as investments are risk based. And using non-mainstream, non-retail investment option with 100% loss potential with no consumer protection is unlikely to meet your criteria of safe.

Dird · 18 October 2016 at 1:01PM

Immediately made me think of this http://www.bbc.co.uk/iplayer/episode/b07kxp7g/panorama-pension-rip-offs-exposed

Chris75 · 18 October 2016 at 1:35PM

I would be very suspicious of this until I had proven it to be both what I wanted & genuine.

Who is this incredibly good offer with?

Websites are cheap & I wonder what you know about the Scandinavian loan providers.

Are you aware of P2P loans here?

Be careful.

DrSyn · 18 October 2016 at 1:53PM

With:

Bank rate = 0.25%

Best 5 year fixed rate = 1.95%

FTSE 100 ETF tracker = 4%

Long term return expected from the UK stockmarket lets say = 7%

Without going any further common sense will lead me to the following conclusion.

If an honest company is willing to pay you 6.25% for 1 year, there must be significant risk to the money.

If a company is not honest and offers any rate, you stand to lose all of your money!

I hopes this helps.

Pincher · 18 October 2016 at 2:07PM

rebecca1 wrote: »

I have come across an Offshore company offering 6.25% for 1 year.

They do not have any governmental protection as they are a private investment company registered in the offshore area. But depending on the investment amount and period they offer direct securities provided by their affiliate company who is a licensed insurance broker and consumer loan provider in the Scandinavian countries.

So you found a juicy 6.5% return scheme, and you don't want to share it with the rest of us? Scared that it will be oversubscribed and you will only get 100 units when you asked for 10,000?

Very prudent. Don't tell anyone you found this gem.

Offshore Investing ... How Safe?

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