'Guaranteed 12% return' on investment

AnotherJoe

At first I felt concerned for your friends. Now I think they are idiots that deserve to lose their money

Aretnap

HappyHarry wrote: »

Wow. Just wow.

The bit before those warnings is an eye opener.

There are saying "give us your money, it'll make you feel important, but you'll never see it again, and you've no comeback. At all..

Quoting for posterity as I don't imagine the website will be up forever

Sadly, we live in a society where dependency and entitlement are encouraged, and where individual accountability is abdicated in favour of a compensation culture. This approach manifests itself in the latest FCA rules, which state that High Net Worth investors (earning £100,000 a year or possessing £250,000 of investable funds outside their main home and pension) can make all their own investment decisions, while those earning £99,000 a year or less are treated as vulnerable adults who need the state to make their decisions for them.

We’re not like that here. We treat all members as sentient grown-ups, capable of taking information on board and making rational decisions. But that means the risks is yours, not ours. For the avoidance of doubt, let me make things crystal clear:...

Definitely aimed at the pub bore market...

Also, as your friends are sophisticated grown ups capable of making their own investment decisions they will doubtless have noted that the website terms and conditions list the company's official name as Wealth Invest Limited, checked its companies house listing and noted that it was dissolved over a year ago. That really isn't a great sign. The company was also previously known as NNC Nutrition Clinics Ltd among other names - make of that what you will.

https://beta.companieshouse.gov.uk/company/04367844

sully1311

They deserve to lose their money I’m afraid.

Just please warn them one more time. Let them know about this thread, London Capital & Finance and if they still want to burn their money, more fool them.

Aretnap

Graham Rowan is nothing if not creative. This is another of his, erm opportunities.

https://beta.companieshouse.gov.uk/company/11367196

I probably shouldn't be posting it as the OP's friends will probably see it as another great investment. After all, people are dying to get in! (I'll get my coat). But worth noting that cemetery investments don't have a great track record, further riffing on the A to Z of investment scams theme.

https://www.thisismoney.co.uk/money/experts/article-5026887/Grave-fears-investors-cemetery-stays-empty.html

enthusiasticsaver

I think your so called friends are idiots and deserve to lose their money. Being an elite investor means nothing except they probably have more money than sense. Running a successful business does not mean they are knowledgeable in investing.

Direct them to this thread and site for that matter. Tell them to see an IFA. Someone who is qualified and regulated to give advice about investing rather than some dodgy scam artist.

Zanderman

Beenie wrote: »

They aren't stupid - that's the worrying thing. They have in the past run successful businesses themselves, and their income puts them into the so-called 'elite class of investor' who doesn't need protecting by the FCA rules.

Those experiences don't remove stupidity!
I know a lot of fairly stupid people who run successful businesses!
If they are really still pursuing dodgy investments then they are, I'm sorry to say, stupid.

Aretnap

One more gem

https://www.eliteinvestorclub.com/terms-of-use/

They present themselves as a club for the elite 1% of investors, an international organisation with offices in London. Zurich, Singapore and Mumbai. But their legal services are provided by someone called 'DIY Legals:? Of course they are.

Putting it brutally, if your friends can't spot this obvious gaping heffalump trap they probably shouldn't be investing in anything more complicated than a piggy bank. However if they really want to invest it somewhere that will make them feel important they could do worse than St James's Place as you alluded to earlier in the thread. In spite of my earlier comments they'll pay a bit more than they really need to, but for their money they will get a premium prestige service, a household name (in the top 1% of households at least) and bragging rights at the golf club. Most importantly the advice that they get will be perfectly sensible, just expensive.

Aretnap

I know I'm giving them more attention than they deserve, but the website Leo's on giving. The most recent item on their In The Media section looks like it dates from around 2015 and comes with sure warnings of why you should avoid traditional investments and put all your money in dodgy holiday parks instead...

https://www.eliteinvestorclub.com/in-the-media/

A major, global financial crisis will happen within the next 2 years.... The Dow Jones he said, would fall to just 6,000 by early 2017 and bottom out as low as 3,300 by early 2020 with a ripple effect across the globe.

That would presumably be the same Dow Jones that rose from 19700 to 26500 in 2017. Oops. Probably they should update their website with some more up to date wild prophecies of doom. And delete the old ones, lest anyone see them and conclude that they're just publishing any old nonsense.

seacaitch

Due to a lack of effective financial education, coupled with an absence of curiosity and interest in furthering their own knowledge by other means, it seems very many people consider mainstream regulated investments as sure-to-lose gambles in a casino rigged totally against them, and in response they turn to extremely risky unregulated investments, ponzi schemes and other scams that are usually exquisitely (& solely) designed to enrich the promoters while totally fleecing the punters.

Tragic, really.

Chickereeeee

I will guarantee 10% interest (for 3 years) on any sum over £100,000 sent to me.
Your capital is NOT at risk (Risk implies there is a chance you will get it back)