Not sure whether to commit - 25k

Archi_Bald

My guess is the OP won't show up again because their intention has been well and truly exposed now.

jimjames

process wrote: »

If and a big if, this company is a scam - it's a very well thought out and convincing one. I honestly cannot see it being one.

How would any scam work if it wasn't convincing? To be successful it has to be totally believable and I'm not sure this one really is particularly well thought out either.

On the other hand it may not be a scam but just a complete rip off that is legal but will take so much of your money in charges that you end up with far less than expected. 30 years down the line will be a bit late to complain.

process

westy22 wrote: »

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.

True true. And those that are not, are, or are not!?

John1993 wrote: »

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?

I didn't say that. The x6 figure is only applied to the initial deposit.
as previously stated, the below pdf highlights what I mean (p14)
rl360.com/generic/downloads/qu001.pdf

Jonbvn wrote: »

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.

why?

ChesterDog wrote: »

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.

6%? I never said that! 6x initial deposit more like...
above pdf highlights what they're willing to do..... quantum via london360o - well known?

ColdIron wrote: »

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

Well, I am...so errr

Reaper wrote: »

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.

Thankls for comments Reaper...Finally, a user who has actually read what I had to say! I'm not too huung up on the x6 bonus... + over 25 years and the costs of living - it'll probably equal out.

Indeed there are penalties for leaving the plan early. Was advised to leave in the initial deposit of ?x6 so as to not get penalised.

Thanks for input.

block10 wrote: »

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

"Holborn Assets a Dubai based so called financial Advisory firm ......"

will look into it thanks

ChopperST wrote: »

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

Don't change your job then

Archi_Bald wrote: »

My guess is the OP won't show up again because their intention has been well and truly exposed now.

hi!

jimjames wrote: »

How would any scam work if it wasn't convincing? To be successful it has to be totally believable and I'm not sure this one really is particularly well thought out either.

On the other hand it may not be a scam but just a complete rip off that is legal but will take so much of your money in charges that you end up with far less than expected. 30 years down the line will be a bit late to complain.

Thanks for your inpuit also...


It's rather difficult to reply to all comments in a respectable manner. However, as I am the person seeking help here, it's only polite of myself to try and understand and respect the numerous doubts. So, thanks for your responce, even if it didn't help me at all! Maybe you'll learn not to be so pestamistic in the future, but I very much doubt that.

This people, is a legitimate enquiry. I'm not advertising the company in any manner, even though I did refernece a link and a brochure link.

For those that did glance over the quoted terms of business or the quantum pdf, its is evident that this is primarily carried out in the isle of man and no finances go through Holborn assets. The money is collected via one of many well known trustees (prudential/zurich ect). Holborn merely act as brokers by providing guidance upon which funds the portfolio of shares should contain.

Still need to find that previous google comment provided and make heads & tales of this.

Maybe I should avoid this and hunbt down a company in the K that will create me a portfolio...any recommendations?

Archi_Bald

process wrote: »

hi!

Hi, you proved me wrong on one account there. Must mean you are still confident one or two of us will sign up. Though your defending of them, and your knowledge about them, doesn't stack up with your claim that you need help with your decision to invest or not.

process wrote: »

Maybe you'll learn not to be so pestamistic in the future, but I very much doubt that.

Good news there for you - I promise I will not be pestamistic. Mainly because I don't know what it means.

process wrote: »

For those that did glance over the quoted terms of business or the quantum pdf, its is evident that this is primarily carried out in the isle of man and no finances go through Holborn assets. The money is collected via one of many well known trustees (prudential/zurich ect). Holborn merely act as brokers by providing guidance upon which funds the portfolio of shares should contain.

You have found out a lot about them since you first posted less than 24 hours ago, wanting to know about them. So much that you seem to be defending them.

process wrote: »

Maybe I should avoid this and hunbt down a company in the K that will create me a portfolio...any recommendations?

jonbvn has already suggested 3 companies. You brushed off his suggestions with a simple "why?"

By the way, if you have £25K to invest now, why would you want to drip-feed that money in £800/mth chunks over 2 years? What is wrong with investing all your £25K now? Plenty of investments that take £25K lump sums. Or if you want to spread your risks, put smaller lump sums into several investments.

process

Archi_Bald wrote: »

Hi, you proved me wrong on one account there. Must mean you are still confident one or two of us will sign up. Though your defending of them, and your knowledge about them, doesn't stack up with your claim that you need help with your decision to invest or not.

haha I don't care if you find this intresting enouguh to sign up to.. For the final time I'm not advertising here... I'm, seeking advice. It may appear I'm defending certain things, because I have given the time to read the literature - where as evidently those giving advice, or not, haven't.

Archi_Bald wrote: »

Good news there for you - I promise I will not be pestamistic. Mainly because I don't know what it means.

Pessimistic then... 1-1!

Archi_Bald wrote: »

You have found out a lot about them since you first posted less than 24 hours ago, wanting to know about them. So much that you seem to be defending them.

As above

Archi_Bald wrote: »

jonbvn has already suggested 3 companies. You brushed off his suggestions with a simple "why?"

The companies suggested have been taken on-baord. The why was refering to why he doubts it (a lot)

Archi_Bald wrote: »

By the way, if you have £25K to invest now, why would you want to drip-feed that money in £800/mth chunks over 2 years? What is wrong with investing all your £25K now? Plenty of investments that take £25K lump sums. Or if you want to spread your risks, put smaller lump sums into several investments.

This is the kind of advice I'm seeking... What should I do with this money? It's my first time to invest

Archi_Bald

process wrote: »

It's my first time to invest

If you had told us that in your first post, together with a bit more about yourself, such as your age, your family status, whether you have an emergency cash fund, whether you have/will have UK nationality, residency, address, whether you are a UK tax payer and at what rate, what your attitude to risk is, what your investment horizon is etc etc etc, you would with almost certainty have got a lot more constructive input. Instead, you have been pushing and defending some dubious sounding scheme.

In a nutshell: you have given us an answer when we do not know what your question is. This is always highly suspicious.

For people new to investments, the best suggestion is always that they educate themselves about investments by doing some serious reading: https://forums.moneysavingexpert.com/discussion/4752194

process

Archi_Bald wrote: »

If you had told us that in your first post, together with a bit more about yourself, such as your age, your family status, whether you have an emergency cash fund, whether you have/will have UK nationality, residency, address, whether you are a UK tax payer and at what rate, what your attitude to risk is, what your investment horizon is etc etc etc, you would with almost certainty have got a lot more constructive input. Instead, you have been pushing and defending some dubious sounding scheme.

In a nutshell: you have given us an answer when we do not know what your question is. This is always highly suspicious.

For people new to investments, the best suggestion is always that they educate themselves about investments by doing some serious reading: ...4

Ok lets try start again...
I think I have only responded in a defensive manner to statements that the literature contradicts or to statements that were incorrect assumptions.

I'm trying to figure out if this is a good investment for me, so countering some comments with facts isnt meant to defend the company, but merely provide those willinmg to give advice with the information needed to give sound advice!!!

Anyway, to get back on topic...

I'm a 33yr old british citizen, not married, no kids, have a regular 3k tax free income, dont pay uk tax, have no residence and no emergency funds. The 25k is disposable income which I'm willing to invest and to a certain extent risk. I cant forsee any need of this money. I want so see decent returns, so think I'd be willing to risk 30-50% and the remainder I'd like to have in a safe steady fund

Archi_Bald

process wrote: »

I'm a 33yr old british citizen, not married, no kids, have a regular 3k tax free income, dont pay uk tax, have no residence and no emergency funds. The 25k is disposable income which I'm willing to invest and to a certain extent risk. I cant forsee any need of this money. I want so see decent returns, so think I'd be willing to risk 30-50% and the remainder I'd like to have in a safe steady fund

Alright then.

Whatever nationality and residency, you should be having an emergency cash fund that can tick you over for 6-12 months if anything unexpected happens. In the UK, you'd put this money into the best interest paying instant access account you can find.

You'd also pay off any debts as a priority, but that may not apply to you.

Regarding investments, you need to aim for a balanced portfolio, regardless of whether you DIY your investment or have an advisor doing it for you. Advisors will help you because you pay them, directly or indirectly, for what they do. Personally, I wouldn't pay an advisor if my investment funds were below £100K. I would also most definitely not pay any advisor if I did not have quite a good grasp about investment basics myself.

That's why I would suggest you take another couple of months before you decide where to place which of your money, and read, read, read - NOT about individual investments but about the principles of investments. Then you can decide whether you want to pay a professional to manage your investments, or whether you want to do some or all of it yourself.

Your £25K won't lose a lot if you don't invest it for another couple of months. But you might save most or all of your £25K if you go into investing with your eyes wide open.

paddyrg

One fishy thing may be receiving a call...

...wha???? Massive alarms are going off all over the forum. Nothing good (for the receiver) ever came from junk mail/spam/cold calls

goofy115

If you're looking for a 5 year investment have you considered the bank of gibralter 5 year bond.The interest rate is 5% per annum - paid monthly on the first day of the month.Your money has a safety net too-100% of the total of all qualifying deposits up to a maximum of €100,000 is covered via the Gibraltar Deposit Guarantee Scheme.
https://www.gibraltar.gov.gi/home/2022-5-year-fixed-income-debentures