aspen woolf investments

Wouldn't it be against MSE's own Privacy Policy if they passed your personal info to this company?

jimjames wrote: »

I'm sure it's not a scam but it's unregulated so very high chance of losing all your money.

Just to play devil's advocate, it's worth saying that something does not have a "very high chance of losing all your money" simply because it's unregulated.

Regulated and unregulated investments are each available at many different levels of risk. So, if you're sure that something is "not a scam" then it is not the fact that it is unregulated that automatically gives you a very high chance of losing your money. In any investment opportunity, a high or low chance of losing your money is driven by the nature of the risks to which you are exposed.

As an example, I may feel the chance of losing a significant proportion of my capital over the next two years is lower when buying a house or lending £5k to my brother, than it is when investing in an OEIC which holds shares listed in Romania and Thailand, or in an investment company advised by a fund manager who buys me exposure to private businesses in Nigeria, Vietnam or Saudi. The former two opportunities do not involve any level of FCA regulation.

The problem with unregulated investments as distinct from regulated ones, is that the risks may not be as described, because the person promoting the opportunity is not following FCA regulations in doing so, and further down the line no ombudsman will care that you feel you were 'mis-sold'. When you are buying into, for example, a scheme to invest in a residential property unit, you have to conduct a high level of due diligence on what it is you are buying and the likelihood of the business plan succeeding. You may find that the cost of carrying out a satisfactory level of research and receiving any relevant legal advice is prohibitive when you are only investing small amounts. If you choose not to incur the time or expense involved to do your due diligence, you only have yourself to blame.