FTSE 100 advice

Stephb1986_2

Hi I hope someone can help me, A financial advisor advised me to invest in the FTSE 100 back in 2009 I have two accounts with the same company amounting to £5000.

Obviously it has been invested since 2009 and it's not kicking out until July ish next year. I get letters off this company every year but being a novice with investments they mean nothing to me!

So the bit I need help with is. How do I know how much I've lost/earned since 2009?

Thanks in advance

Steph

bertpalmer

Stephb1986 wrote: »

So the bit I need help with is. How do I know how much I've lost/earned since 2009?

You look at how much you put in. You then look at the current value.

The difference is how much it has grown.

Stephb1986_2

bertpalmer wrote: »

You look at how much you put in. You then look at the current value.

The difference is how much it has grown.

It doesn't give a current value if only it was that simple. It's all in percentages of how much each company has gone up and down by

dunstonh

How do I know how much I've lost/earned since 2009?

I have a gut feeling the answer to that will be zero.

Your terminology suggests that you have invested in a SCARP (structured capital at risk product). eg. the word kick out is used with SCARPs and you wouldnt expect an adviser to recommend you invest in a FTSE100 fund as a unit linked fund (unless it was part of a wider portfolio).

SCARPS only obtain their value on maturity or early kick out option when the terms have been met.

Biggles

Do you know what exactly it is that you invested in? Clue: it isn't the FTSE100.

Stephb1986_2

It's a capital protector account 3 it was opened in 2009 it is/was a 5 year account, The money was invested in 15 companies which are.....

BP, HSBC, GlaxoSmithKline, Vodafone, Royal Dutch Shell, Astra Zeneca, British American Tobacco, BG Group, Rio Tinto, Tesco, Diageo, BHP Billiton, Anglo American, Reckitt Benckiser, Unilever.

first year was locked in at 9.73% second year was 10.73% and third year is 6.94% I'm not due another letter until September.

I didn't/don't have a clue what I have invested in to be really honest the advice she gave to my parents has landed them in an awful lot of hot water so now I'm really worried about what I've got myself into I sort of wish I kept it under my bed.

badger09

Looks like this one?

http://www.dunbarassets.co.uk/NR/rdonlyres/AB2BFA67-5BAB-4C9A-B0E8-7F4C5FA3A311/0/CPA3Structure.pdf


available through:
http://www.closetreasury.co.uk/Content/Documents/Pdf/CloseSavingsStructuredDeposits

and presumably available through others

Over to the experts:o

sabretoothtigger

If that interest were to compound it might be alright. Personally I'd just have said to take the basic tracker but I dont think they kick back much.

I wrote to my broker last xmas 11 years after I had taken a tracker and he emailed at 5pm on xmas eve to assure me they'd sort it for me.
They sent me a cheque for the forgotten cashback. I had long ago got back the original tracker money.
Cant you write to your broker or adviser to ask for clarification

Stephb1986_2

Badger that is the right one. The financial advisor that advised me on this has since left the company.

I have emailed the company that my accounts are with for more information but when I have called them in previous years they have been very unhelpful

bigfreddiel

Stephb1986 wrote: »

A financial advisor advised me to invest in the FTSE 100 back in 2009

....it's not kicking out until July ish next year.

....being a novice with investments they mean nothing to me!

Steph

steph
dont take this the wrong way but here are a few points

you need to speak to your fa-is he still taking commission
speak to him anyway to explain what your documents mean

it looks like you bought a kick out investment - very poor investment, likely it will not be worth any more now than when you bought it - your fa should have explained it to you - maybe you can report him for misselling - unlikely tho' these fas are slippery customers

do you buy other things without knowing what they are? if i was spending £5-10k on anything i would make really sure i understood what i was buying and if not i would walk away - bit stable door and all that but be more careful in future.

cheers

fj

Stephb1986_2

Hi Big Freddie, Thanks for replying to me, It's wouldn't be the only investment that has gone t!ts up that she recommended. I had 40,000 in 2009 she came round sold me all these products all zurich products this is the final investment left out of all my money.

The same with my parents they had 50,000 in 2009 and she recommended a load of products and they've all gone badly wrong.

I thought that she came to make the most out of my money for me not for her which as time has gone on it's become more clear that she was just working for her own gains.

The money I had was from a car crash claim and instead of spending it like I could of I thought I was doing the right thing by investing it and hopefully making more money instead I should of just kept it in the bank.

I'm feeling totally gutted that she just had me over you trust someone and then they take advantage.

I know they are no longer making a commission as the holding company of the accounts I've spoken to and told them not to speak to anyone about my accounts but me as the FA had left the company and has nothing to do with my investments anymore.

I don't buy other things without knowing what they are but you let someone in your home you trust them to help you that they are giving you the right advice when really they give you the wrong advice to make them the most commission.

We are talking about an IFA that recommended Harlequin Property I think that says it all about her.