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  • FIRST POST
    • Beenie
    • By Beenie 10th Feb 19, 11:08 AM
    • 1,401Posts
    • 1,452Thanks
    Beenie
    'Guaranteed 12% return' on investment
    • #1
    • 10th Feb 19, 11:08 AM
    'Guaranteed 12% return' on investment 10th Feb 19 at 11:08 AM
    My friends have a tidy sum to invest and are looking round for suitable places.

    They have told me that they are meeting an advisor next week who is pushing a guaranteed 12% return on capital. The investment would be in hotels.

    It all sounds dodgy to me, but has anyone here come across this type of investment and thinks it's kosher?
Page 4
    • Alexland
    • By Alexland 12th Apr 19, 7:47 PM
    • 4,903 Posts
    • 4,235 Thanks
    Alexland
    Wow. Just wow.
    Originally posted by HappyHarry
    The worrying thing is this fella has nearly 9000 YouTube subscribers mixing up obscure high risk investments with a more general video investment magazine format and managed to get 30min interviews with Mark Dampier of HL etc. I would classify this as a very dangerous engagement model.

    https://www.youtube.com/watch?v=PYF_cXobsro

    Still - interesting point that dead clients get better returns as they aren't tempted to trade.

    Alex
    Last edited by Alexland; 12-04-2019 at 7:54 PM.
    • AnotherJoe
    • By AnotherJoe 12th Apr 19, 8:05 PM
    • 13,515 Posts
    • 15,969 Thanks
    AnotherJoe
    At first I felt concerned for your friends. Now I think they are idiots that deserve to lose their money
    • Aretnap
    • By Aretnap 12th Apr 19, 8:27 PM
    • 3,263 Posts
    • 2,859 Thanks
    Aretnap
    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..
    Originally posted by HappyHarry
    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
    • By sully1311 13th Apr 19, 3:48 AM
    • 158 Posts
    • 90 Thanks
    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
    • By Aretnap 13th Apr 19, 6:06 AM
    • 3,263 Posts
    • 2,859 Thanks
    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
    • By enthusiasticsaver 13th Apr 19, 7:38 AM
    • 8,373 Posts
    • 19,186 Thanks
    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.
    Early retired in December 2017

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Zanderman
    • By Zanderman 13th Apr 19, 7:55 AM
    • 2,057 Posts
    • 4,832 Thanks
    Zanderman
    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.
    Originally posted by Beenie
    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
    • By Aretnap 13th Apr 19, 8:09 AM
    • 3,263 Posts
    • 2,859 Thanks
    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.
    Last edited by Aretnap; 13-04-2019 at 8:53 AM.
    • Aretnap
    • By Aretnap 13th Apr 19, 1:00 PM
    • 3,263 Posts
    • 2,859 Thanks
    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
    • By seacaitch 13th Apr 19, 1:22 PM
    • 159 Posts
    • 297 Thanks
    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
    • By Chickereeeee 13th Apr 19, 5:52 PM
    • 464 Posts
    • 291 Thanks
    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)
    • BikingBud
    • By BikingBud 13th Apr 19, 8:41 PM
    • 267 Posts
    • 189 Thanks
    BikingBud
    Well I signed u for the Cape Verde job.
    Name: S Ucker
    Email: sucker@toytown.com

    Can't wait to see what they send
    • doe808
    • By doe808 13th Apr 19, 8:46 PM
    • 267 Posts
    • 258 Thanks
    doe808
    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/



    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.
    Originally posted by Aretnap

    This has been great entertainment.Thank you :lol:
    Total - £340.00

    wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book
    • A to B
    • By A to B 13th Apr 19, 9:29 PM
    • 17 Posts
    • 340 Thanks
    A to B
    In some countries they offer 20% monthly!!! interest on investment, 'guaranteed'. Guaranteed before they do runner with your money.
    • dunstonh
    • By dunstonh 13th Apr 19, 11:52 PM
    • 98,000 Posts
    • 66,160 Thanks
    dunstonh
    I reported the Cape Verde one to the FCA and the FCA actually came back to me and asked for more details.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • veryintrigued
    • By veryintrigued 14th Apr 19, 4:07 AM
    • 2,739 Posts
    • 2,309 Thanks
    veryintrigued
    Is it actually advertised as 25% return but is a regular saver so is only half of it really....
    • bowlhead99
    • By bowlhead99 14th Apr 19, 7:24 AM
    • 8,613 Posts
    • 15,755 Thanks
    bowlhead99
    Well I signed u for the Cape Verde job.
    Name: S Ucker
    Email: sucker@toytown.com

    Can't wait to see what they send
    Originally posted by BikingBud
    Classic japes. But out of curiosity, how do you expect to be able to see what they send, without being the domain administrator for toytown.com?
    • newatc
    • By newatc 15th Apr 19, 7:12 PM
    • 387 Posts
    • 467 Thanks
    newatc
    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.
    Originally posted by Zanderman
    So called easy money is always an attraction. Sadly, greedy is another adjective that could be applied.
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