Whats been your biggest financial blunder

Glen_Clark

gadgetmind wrote: »

Even if they did tell you, the woffle about unit cancellation would make close to zero sense. I'm pretty good with this stuff and no way could I work out what an old Hill Samuel pension's terms were on about.

I moved all the old bits and bobs to my SIPP and that was that.

Well I'm not surprised.
I queried it at the time with the Pru salesman why he had put it in 2 separate plans. He told me verbally it would make no difference to the charges. I should have got it in writing but this was the time when I was still naieve enough to trust the man from the Pru. It was only later when another man from the Pru admitted it had increased my charges. So then I made a successful? claim for mis selling. At least I think it was successful because they have now put it in one plan. But, as I cannot find out the charges, I cannot be sure. I just cut my losses? by not paying any more in, despite all the salesmens calls advising me to resume/increase my contributions.

Glen_Clark

RuthAnderson wrote: »

i invested excess of money in share market and that cetainly caused me heavy financial crisis due to reduction in share values

I have found when that happens it usually pays to hang on till the shares rise again. But you can never be sure.

dealer_wins

Glen_Clark wrote: »

I have found when that happens it usually pays to hang on till the shares rise again. But you can never be sure.

I think our friend ruth is posting any old barely understandable tosh to spam us in the future LOL

Lokolo

https://www.google.co.uk/finance?client=ob&q=NASDAQ:TSLA

Selling at $35 was a mistake I guess!

kaya

getting involved with two women who secretley viewed getting pregnant as an easy route to a council house

badger09

kaya wrote: »

getting involved with two women who secretley viewed getting pregnant as an easy route to a council house

:eek: :eek:

YoungBusinessman

badger09 wrote: »

:eek: :eek:

My thoughts exactly, if his post is serious!:eek:

colbee

Biggest mistake: getting involved with a property investment company, namely Inside Track/Instant Access. I lost £3k but thanks to a U.S. lawyer I got out with £100k intact. Lots of people were far less fortunate.
MORAL: DO NOT GET INVOLVED WITH PROPERTY INVESTMENT COMPANIES.

BarleyGB

A mistake already referred to on this thread was not getting into Lloyds at 29p, im regretting not getting in at 48p last week. I wonder how many will be regretting not getting in at 58p in a couple of years?

robatwork

A long time ago....in a place not far away.... I was advised by those close to me to put my pension into the most trustworthy, most well run, most British, most well respected, most S&P AAA rated, most Micropal AAA rated, most loved, most venerable, most recommended (by those who knew best), most fair, most honest life assurance company in the world.

That company was Equitable Life.

Shows what those rating agencies know, not to mention the experts.

Caught a big cold.