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MLC Isa
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baddoneby
Posts: 2 Newbie
Help: looseing monies after Yorkshire bank Bad advise
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Comments
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Care to elaborate?
Why was advice bad?
Where are you invested (ISA just tells us the tax wrapper/container, not where you are invested)?
Why is losing money bad advice? (investments zig zag in value and periods of loss are normal and to be expected. You average them out with the periods of growth)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Thanks for your reply We were approached by the yourkshire bank to adise us on our savings we were happy with our money where it was.was advised to put monies in MLC Diversified bonds ISA`s Then after taking large set up fees and loosing money over 3years, we think enough is enough. we are NOt
gamblers and stated that at the first interview. i can understand your view as a IFA.but to us looseing money is bad for anyone.
Ps as you can see i am not too good at forums as well
Thanks any way0
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