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Care Home investment

shuntaman
shuntaman Posts: 7 Forumite
in Savings & investments
Hi

I have noticed that there are several companies offering investment in assisted living apartments guaranteeing 10% over ten years.

Does anyone know any more details about how risky this type of investment is?

Thanks

Shuntaman

Comments

  • Browntoa
    Browntoa Posts: 49,622 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    can only find usa based ones but I'm assuming its an unregulated investment
    Ex forum ambassador

    Long term forum member
  • ChesterDog
    ChesterDog Posts: 1,146 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Beware of guarantees underwritten only by the company in which you are investing.

    If the latter gets wobbly or collapses, the guarantee will do the same.
    I am one of the Dogs of the Index.
  • le_loup
    le_loup Posts: 4,047 Forumite
    Also beware of new posters asking about unregulated investments in a very innocent way!
  • dunstonh
    dunstonh Posts: 121,283 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Guarantees in unregulated investments are not the same as guarantees in regulated investments.

    If a firm uses the word guarantee in a regulated investment then it will be just that. These unregulated firms use guaranteed even though 100% loss is possible.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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