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  • FIRST POST
    • rebecca1
    • By rebecca1 18th Oct 16, 11:57 AM
    • 70Posts
    • 12Thanks
    rebecca1
    Offshore Investing ... How Safe?
    • #1
    • 18th Oct 16, 11:57 AM
    Offshore Investing ... How Safe? 18th Oct 16 at 11:57 AM
    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
Page 1
    • dunstonh
    • By dunstonh 18th Oct 16, 12:25 PM
    • 85,111 Posts
    • 50,130 Thanks
    dunstonh
    • #2
    • 18th Oct 16, 12:25 PM
    • #2
    • 18th Oct 16, 12:25 PM
    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.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • Dird
    • By Dird 18th Oct 16, 1:01 PM
    • 2,372 Posts
    • 1,387 Thanks
    Dird
    • #3
    • 18th Oct 16, 1:01 PM
    • #3
    • 18th Oct 16, 1:01 PM
    Immediately made me think of this http://www.bbc.co.uk/iplayer/episode/b07kxp7g/panorama-pension-rip-offs-exposed
    Mortgage (Nov 15): £79,950 | Cashback sites: £785 | Current accounts: 15
    Mortgage (Nov 16): £76,486 | £30k in 2016 #96: £27,530 (91.7%)
    • Chris75
    • By Chris75 18th Oct 16, 1:35 PM
    • 115 Posts
    • 45 Thanks
    Chris75
    • #4
    • 18th Oct 16, 1:35 PM
    • #4
    • 18th Oct 16, 1:35 PM
    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.
    Last edited by Chris75; 18-10-2016 at 1:39 PM.
    • DrSyn
    • By DrSyn 18th Oct 16, 1:53 PM
    • 423 Posts
    • 192 Thanks
    DrSyn
    • #5
    • 18th Oct 16, 1:53 PM
    • #5
    • 18th Oct 16, 1:53 PM
    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.
    Last edited by DrSyn; 18-10-2016 at 9:50 PM.
    • Pincher
    • By Pincher 18th Oct 16, 2:07 PM
    • 5,847 Posts
    • 2,133 Thanks
    Pincher
    • #6
    • 18th Oct 16, 2:07 PM
    • #6
    • 18th Oct 16, 2:07 PM
    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.
    Originally posted by rebecca1
    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.
    What happens if you push this button?
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