Has anyone heard of ISACO?

gadgetmind

ISAs has only ever posted in this thread. How odd.

LongTermInvestor

mrlittlebigman wrote: »

I find this thread very interesting as I signed up to ISACO in 2010. The process to sign up is at least 3 X one hour phone calls. They are very thorough. They go through all your income and savings and pension and explain all of the above.
I am only in my 30s so do not have a large amount of money. I am a healthcare professional. It most certainly is not a get rich quick scheme. You are simply informed of the 2 or 3 or 4 funds that Stephen is invested in. I hold my own money with Hargreaves Lansdown. You are encouraged to sign up for 10 years. 5 being the minimum. My long term contract works out at around £900 a year. I have made at least 10 times that since I joined. It isn't for everyone though due to the high startup cost and they are honest that most people they take have at least 100k to invest. I had less than that but they took me because I was younger but had a good outlook on ISA saving.

The thing I like is that Stephen follows the markets for hours a day. I don't have time to do that. Most people don't. I could probably read investment mags and pick my own funds but what I couldn't do is time the market. ISACO tells me when to exit the market into cash and when to get back in. I think this is key to storing the wealth you have made. I don't know enough about investing to be able to do that.

I don't want to sound mean but I think the people on here being negative are perhaps a touch envious that they don't have the funds to join. Just because Investors Chronicle think it's a bad idea doesn't mean it is for everyone. Do they mean it because not everyone has 50-100k to start investing with? If you read the passage you will see that most of the clients are seriously rich people. But not all. Perhaps in a decade or so I can come back and tell you what I am going to retire with (at 55-60yrs) and what I started with and we can all judge from the results?! That will surely be the proof of the pudding! I will happily listen to the 'told you so's' then!!!!

ISACO haven't asked me to write this. I just found this thread. Perhaps you should read the book then call them. Sit through the 3 hours of phone calsl and see if you are suitable. They are also interested in your personality and your investing mind-set. But most of all it is NOT get rich quick. Unless you count over a decade as quick?!
Best wishes.

I endorse everything said here. I discovered and joined ISACO in 2009 having stupidly pulled out of trust funds following the 2008 crash when the stock market was on the way back up. Realising independently then, exactly as they say that if you invest all spare cash you have in your ISA and stick with it over ten or more years, history and compound interest say you can make enough tax free gains to retire comfortably. I paid to shadow invest ISACO because I haven't the time or the knowledge to do the necessary research and it gives me the confidence that I'm doing the right thing. So far in spite of a lousy 2011 I fully expect to have my investment multiply four or five fold within ten or so years assuming world markets recover. At the end of the day it all depends on this and nothing else if you pick the right funds and don't chicken out.

gadgetmind

Yet another "zero previous" poster ramping this rubbish.