£55,000 to invest for 1 year

purch

.......couldn't resist :eek:

Clicked the LINK .............was hoping to find the secret to the eternal puzzle

:T :T :T ............. errr ............ is that all ?????

derrekmay

dunstonh wrote: »

1 year is not a longer period. If I show you Gartmore China with near 100% return in a year does that mean you are going to get that every year? A longer period is 5-10 years. If I show just 1 year i wouldnt have to show the year that it dropped 60%.

People whine about UK financial services but you just have to look abroad and realise that things are pretty good here.



I havent made my mind up whether you are here to attempt to help or attempt to promote your website.

You keep convincing yourself you are right. However, you may just want to ask your money manager or whatever that is for longer periods. Say 10 years as that should give you a better idea of the volatility.

Well I would say stick around for ten years on this forum and then I'll give you an update on how it is going then.
If I invest I always look at it on a positive way. You get allot more satisfaction in this way.
Another thing Offcourse I have the intention of helping out other people, but i'm also here to learn stuff.
Why would I promote a website whit only results on it... It's only there to share my results.
I'm always open to look at other peoples investment results, that's the only reason why I have this website.

dunstonh

Well I would say stick around for ten years on this forum and then I'll give you an update on how it is going then.

Are you saying that you entered into an investment without an idea of the sort of volatility that can occur on that investment?

derrekmay

No, I'm not saying that.
But for me it was enough to automatically see this investment has some potential.
I'm sure if I ask my mannager if he can show me results of a longer period he also would give them to me...
But it isn't necessary because he is an experienced person who knows what he is doing.

We can keep on discussing endless over the fact if it is a good investment or not.
But that wouldn't help the person who has started this thread...
Time will tell if you are right or I am isn't it?

Aegis

derrekmay wrote: »

No, I'm not saying that.
But for me it was enough to automatically see this investment has some potential.
I'm sure if I ask my mannager if he can show me results of a longer period he also would give them to me...
But it isn't necessary because he is an experienced person who knows what he is doing.

With all due respect, how can you know he's experienced and that he knows what he's doing if you haven't looked at his long-term track record? Any investment you make into managed accounts like this should be done with the utmost confidence in the manager's capability, and that should stem from dedicated research into the strategies of the manager, the risks of the sector and the history that the manager has of being able to add value to the account above and beyond the sector performance.

Without all three of these bits of information, you're partially blinding yourself to several of the various risks that are associated with investing.

Cozworth806

But back to the OP, do you want to put your money at risk? Do you pay tax?
Is there any chance you will need the money before 1 year.

The A&L fixed deposit account is the best about, but there is a 6 month interest fine if you need to get your cash out before 1st Feb 09. (About £1925!!)
After tax the rate is 5.6%.

derrekmay

Aegis wrote: »

With all due respect, how can you know he's experienced and that he knows what he's doing if you haven't looked at his long-term track record? Any investment you make into managed accounts like this should be done with the utmost confidence in the manager's capability, and that should stem from dedicated research into the strategies of the manager, the risks of the sector and the history that the manager has of being able to add value to the account above and beyond the sector performance.

Without all three of these bits of information, you're partially blinding yourself to several of the various risks that are associated with investing.

He has worked for manny years in the banking sector, he has some longer term results so if I want I can have a look at it. But for me the other results looked good enough to take the risk.
Don't think I'm a fool I'm aware off all the risks that I can face, but the system eleminates allot of the risks.
If you want a 100% safei nvestment you should invest in a bank...
If not you have to face some risks, and I am willing to due that.
Does it makes me a bad investor?
Well I don't believe so, because I want to retire in 5 years.
And I will achieve this goal, call it the power of positive thinking:D

Annyway I hope I haven't offended annyone in this thread this was never my intention, I respect everyones opinion I hope you guys respect mine aswell.

Aegis

derrekmay wrote: »

He has worked for manny years in the banking sector, he has some longer term results so if I want I can have a look at it. But for me the other results looked good enough to take the risk.

Again, the most you've looked at is a year. That's not even a significant fraction of the time you should be looking over. In the last year there have been very few truly significant "bad periods" in the markets. There has been an element of unease leading up to the possible turbulence we're about to see, and there was a fairly short-term correction back in August, but other than that it's been a very good year, like most have been since 2002. Now, if you were to look at the performance of your investment from 1998 to present, you might see some fairly considerable downturn around the tech bubble burst, as that had knock-on effects on pretty much every economy around the world.

With a single year you will miss out on getting a picture of the long-term performance of your capital. If you're comfortable with that, then fantastic, but please don't recommend it to others because it IS a bad attitude to investing for most and it goes against the core ethos of this website which is to make the best financial choices by having the best available information.

Don't think I'm a fool I'm aware off all the risks that I can face, but the system eleminates allot of the risks.

"The system" has risks like every other system. In a ForEx account, many of these risks are hugely exacerbated compared to other investments simply because of the markets involved.

If you want a 100% safei nvestment you should invest in a bank...

Banks aren't 100% safe either

However, even if they were, there's a middle ground. Banks are about the safest investments, while what you're currently doing has to be one of the riskiest!

If not you have to face some risks, and I am willing to due that.
Does it makes me a bad investor?

Willingness to take risks is great. It's the unwillingness to look at all the available information and to admit to yourself the risk level of what you're investing in that causes a few people here concern! Especially when you say:

Well I don't believe so, because I want to retire in 5 years.
And I will achieve this goal, call it the power of positive thinking:D

What if in your last year you suffer a 50% downturn because you didn't take enough account of your risk level? Can you retire on that?

Annyway I hope I haven't offended annyone in this thread this was never my intention, I respect everyones opinion I hope you guys respect mine aswell.

Don't worry, I'm not offended and I hope you're not either. I'm just trying to get you to look at all the available information so that you can get a real appreciation for the true risk level you're in at!

purch

If you want a 100% safei nvestment you should invest in a bank...

:T


...like Citigroup :eek:

......or Merrill Lynch :eek: :eek:


........or Bear Stearns :eek: :eek: :eek:


..............or RBS :eek: :eek: :eek: :eek:


....and I won't even mention the N or R words !!!!!!!!!!!!!!!

purch

Well I would say stick around for ten years on this forum and then I'll give you an update on how it is going then

Maybe you and our mate Wombat can have an annual 'bragging' contest :T ......................that'd be fun !!!!

Anyway....I'm off to the Premium Bonds thread to claim that I've won the £1m prize every month for the last 5 years ........let's see if anyone can prove I'm fibbing :rotfl: