Commercial Property Investments with Halifax

sorcha16

Hi,

I have invested a sum of money with Halifax who developed a personal investment plan for me, some money placed with government guilds and the most in commercial property.

I am not particuarly knowledgable about these things and am concerned about the news coverage regarding finances and property in the UK. I would appreciate anyones opinion or advice on whether it safe to keep my money in this type of investment or would I be better to take it out until things calm down?

Thank you!:D

dunstonh

I have invested a sum of money with Halifax who developed a personal investment plan for me, some money placed with government guilds and the most in commercial property.

Lets rephrase that....

I have invested a sum of money with Halifax who [STRIKE]developed a personal investment plan for me[/STRIKE] sold me a random selection of funds which included some money placed with government [STRIKE]guilds[/STRIKE] gilts and the most in commercial property.

Halifax dont employ financial advisers. They employ insurance agents (using the FSAs proposed classifications). They dont portfolio plan. They pick a few funds from their range (most of which are absolutely dire).

As for commercial property, you are about 9 months too late and we are now closer to the time that you should reinvest as it looks value rather than come out because it has peaked. Some analysts are now calling the bottom of the market on bricks and mortar property funds and new star recently reported that their fund now has inflows exceeding outflows and much of the decline was because it was the other way round.

You may wish to get a proper financial adviser to review your investments as its almost certainly invested weakly (not to a bad advice level but just using naff funds with no real strategy behind it).