store first

mjdh1957

golmaal wrote: »

What do you suggest

I'm not a financial adviser. They cost money.

golmaal

Just researched carbon credits. They look like a good buy. No minimum entry level

mjdh1957

golmaal wrote: »

Just researched carbon credits. They look like a good buy. No minimum entry level

You seem determined to find every potential scam investment going. Remember the old saying, 'A Fool and his Money are easily parted.'

golmaal

mjdh1957 wrote: »

You seem determined to find every potential scam investment going. Remember the old saying, 'A Fool and his Money are easily parted.'

If you read the reviews not all the companies are scammers

mjdh1957

golmaal wrote: »

If you read the reviews not all the companies are scammers

'Not all...' doesn't sound much like a recommendation.

Not all sharks are maneaters but I wouldn't want to go swimming near them.

Not all wild berries are poisonous, but I'm not going to eat them.

You're really on a hiding to nothing with all these scam investments about. I think for most ordinary people it's better buying investment trusts anyway - we don't have the time or the interest to research and weed out the scam merchants.

Your experience may vary.

RoranStronghammer

now I know a little bit about how this works as I used to work for a master agent for storefirst.com I know it isn't a scam but don't expect miracle returns the 8% is guaranteed ONLY for the first 2 years weather cash or SIPP investor, it is then projected to rise to 10 % in years 3 and 4 and increasing again in years 5 and 6 to 12% although I now understand that it has been realised at the 10% level at a couple of the depots. I also know that they say guarantee and the way they do this is actually leasing your store pod back from you for 6 years upon completion. You can sell the storepods at any time and storefirst do offer a buyback option but beware they can take upto 5 years to buy it back from you if they so wish I understand having seen the documentation to back this up that FirstGroup who are the company behind StoreFirst.com do have a portfolio of over £1 billion pounds and the StoreFirst.com brand is entirely debt free it wouldn't be subjected to inflation rates of banks and I fail to see how they could go bankrupt but as with any decision you make you should always take the time to research and don't be pushed into anything by pushy salesmen it is a major reason I am no longer working as a major agent I do not appreciate being asked to hound potential investors but let me assure you it is not under the guidance of StoreFirst.com to have them do that it is greedy individuals that buy leads and yes the may be expensive but asking staff to call numbers 20 times a day and bully people into answering is not a thing I appreciate So the decision is yours and additionally you don't pay VAT on rental or completion so that wouldn't be an issue

redbuzzard

RoranStronghammer wrote: »

FirstGroup who are the company behind StoreFirst.com do have a portfolio of over £1 billion pounds

Is FirstGroup plc, the owner of bus and train operating companies in the UK and US, really associated with storefirst?

If that is not what you mean, it's probably a good idea to clarify, or otherwise to expand a little on the alleged relationship.

discos_2

Do not invest,

I keep getting cold calls from someone from this company.
Last time I did answer, he told me he was trained to give me advice on financial, even though a book they sent me, though the post, which I did not ask for said they where not able to give advice.

Also when investment gives you a Guranteed sum back then they must be a catch to it.

I asked them if I was able to pull out after 2 months, there got a little arsey on the phone saying why I wanted to sell after few months,


after reading the current posts, I now got a bigger picture, and will not even invest 1p with them.


as I don't want to lose any money or wait years for it to come back to me. As if you think in 5 years of them trying to sell, they have your money and making money by investing in more reliable investments.

RichandJ

Trader1979 wrote: »

I think it's right to be cautious with the new so called investments that have come about lately but the Storefirst proposition has stood up to some very thorough due diligence. There is always a risk when investing and this has a generally lower risk than options with a similar return. With everything there are doubters and sceptics so if please feel free to request the due diligence report compiled by Deloitte.

Another storefirst employee joins MSE. Congratulations, you must have loads now. Tempted to report processed meat but will leave. For now.

FWIW, I despise spammers, UK or abroad who try to do people out of their retirement funds. Especially out of DB guaranteed benefits. The word for them (family friendly) is "thieves".

mikepr

Ive had a SIPP with the Storefirst product as the investment vehicle since Jan 2012. There was no VAT payable on the purchase and since its inception the 8% has been paid into the SIPP bank account every qtr thus building up a cash reserve. This reserve has now grown sufficiently enough for me to purchase another pod and thus will earn another 8%pa. My previous pension provider, Zurich, was performing at circa 3% with no g'tee of future performance. when it comes for me to take my pension income I can do so by leaving the investment inplace and be governed by the GAD rate and not the derisory annuity rates on offer at present. Plus the whole investment can be willed to my dependants. Seems ok to me and I'm an ex financial advisor.