Not sure whether to commit - 25k

Jonbvn

process wrote: »

And through some research I am convinced enough to not doubt the legitimacy of this company.

I doubt it (A LOT!).

I have worked as an expat previously. I invested with a couple of more well known outfits:

• HSBC Expat/Offshore in Jersey.
• The Fry Group.
• TD Direct Luxembourg.

westy22

If and a big if, this company is a scam - it's a very well thought out and convincing one.

It wouldn't be very successful if it wasn't well thought out and convincing would it? Not all scams are poorly spelled and grammatically incorrect offerings from Nigeria.

John1993_2

process wrote: »

Rest assured, I'm not advertising for this company. And through some research I am convinced enough to not doubt the legitimacy of this company.

Where to begin...

What, precisely, do you think that they are going to do with your money to guarantee that ithey can give you six times as much back?

Have they written this "six times" figure own, or was it said in a way that you could never iin a million years prove?

And, what is the firm's supposed FCA registration number?

ChesterDog

So, basically they cold-called you? They, in effect, selected you rather than the other way around? And '6%' with commitments from you?

I think they will do much better from you than you will from them...

And never 'believe' anything they say, or lead you to believe. Get written, corroborated proof. Or simply do something more straightforward elsewhere.

BarleyGB

I think you have to be very careful these days, really understand the company and what protections are in place. Ask yourself how easy it is for another Bernard Madoff to parade as genuine investment business.

The more claims or guarantees a investment company gives the higher my suspicians, genuine legitimate companies dont need to make these claims.

Not saying that theyre not genuine but go in with your eyes open and do you research.

ColdIron

ChesterDog wrote: »

So, basically they cold-called you? .

You are assuming that the OP is a genuine inquiry, I'm not

Reaper

process wrote: »

A 25-30 year commitment would multiply my initial deposit by 6. So if I were to commit to £800 a month for 2 years (£19,200) they would multiply my initial deposit of 800 by 6 (£4,800).

If you saved £800pm you would contribute £240,000 over 25 years, the £4,800 bonus is just 2% of that figure so don't get too hung up on it.

We have seen a number of expat investors on this board who have signed up to legitimate companies with long term investments only to discover the plans have huge charges and massive penalties to get out of them. If you are signing up for such a plan the bonus is not free money, it comes out of the charges you will be paying.

Financial regulation abroad is often lax and huge commissions are paid so expats are heavily targeted by salesmen.

Even if you are satisfied this is a legitimate company you need to go through the small print with a toothcomb. If it were me would not take the risk and would stick with reputable companies such as the ones Jonbvn suggests.

block10

One of the top google results suggests this is a scam.

"Holborn Assets a Dubai based so called financial Advisory firm run by Bob Parker and Philip Parker should be given a wide berth.They have modelled themselves on the devere group by cold calling people and trying to sell their unlicensed structured notes and funds as well as conning people into buying insurance wrappers to earn huge commission but sadly clients are having to pay with high coasts.

They promote the QROPS and SIPPS through another unlicensed company in the UAE. I know the truth about the company and i would advise anyone who is thinking of becoming a client DONT RISK IT OR YOUR MONEY!!!! In was advised by Terry Dixon who again a charlatan and their who gave me the wrong advice and I was lucky that I didnt go ahead with his illegal advice that has the full support of Bob & Philip Parker. The operation is also run by his Son Simon Parker who I'm told couldn't even run a *** up in a brewery.

The Parker family are just trying to get rich quick and will leave Dubai once they have ruined everyone they are stealing from.

Please please be warned that they have no values despite saying they are born again christains!!!They are only out to ruin everyone."

Froggitt

I don't think any sane person would invest £25k with this company.

ChopperST

The OP appears to be subtly advertising a less than transparent investment opportunity away from FCA regulation.

Reported the thread.