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Start Investing UK company
pdyson21
Posts: 23 Forumite
My partner has come across a company called 'Start Investing UK' (http://www.startinvestinguk.com/) through the industry that she is in. She is keen for us to take a serious look into it and possibly take part. I have had a look through their website and all seems okay but I can't find anything on google about them. I'll admit, I am slightly dubious about it but wondered if anyone has any experience, good or bad, about them?
Regards
Regards
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Comments
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wouldn't touch with a barge pole.
Buying stocks on a random recommendation basis means you are going to end up with a mess of a portfolioI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
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All views are my own and not the official line of MoneySavingExpert.0 -
My partner has come across a company called 'Start Investing UK' (http://www.startinvestinguk.com/) through the industry that she is in. She is keen for us to take a serious look into it and possibly take part. I have had a look through their website and all seems okay but I can't find anything on google about them. I'll admit, I am slightly dubious about it but wondered if anyone has any experience, good or bad, about them?
Regards
I think you are right to be dubious. Educate yourself about investing and then use one of the major platforms to buy investment funds inside an ISA or SIPP wrapper. But your first investment should be in your company pension so you get any employer match available. Start investing in solid multi-asset funds form companies like Vanguard, HSBC, L&G etc.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
I would certainly not get involved with these people.
Stick to mainstream regulated investments with recognized low cost asset managers.
https://www.vanguardinvestor.co.uk/what-we-offer/life-strategy-products0 -
Fantastic, guaranteed to have unique insight into market fundamentals then, where do I sign? :eek:
Maybe good at finding the dogs though....
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Fantastic, guaranteed to have unique insight into market fundamentals then, where do I sign? :eek:
Maybe good at finding the dogs though....
Yeah, I agree never trust a research scientist......says the phycisist....;)
Actually if you're either a research scientist or vet you presumably have to do some maths along the way to getting your degrees and if you have only just discovered the "magic of compound interest" then what were you doing in the classes about exponential growth and the derivation of e?“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
If they've only just discovered the "magic of compound interest" then that may explain why they wrongly think that interest is pertinent to investing! Or of course there's the possibility that they know perfectly well that investing doesn't involve interest but they're choosing to deceive their target audience....bostonerimus wrote: »Actually if you're either a research scientist or vet you presumably have to do some maths along the way to getting your degrees and if you have only just discovered the "magic of compound interest" then what were you doing in the classes about exponential growth and the derivation of e?0 -
If they've only just discovered the "magic of compound interest" then that may explain why they wrongly think that interest is pertinent to investing! Or of course there's the possibility that they know perfectly well that investing doesn't involve interest but they're choosing to deceive their target audience....
On first impression it looks like an attempt to get others to follow them into stock trades to pump and dump leaving the newbies to take the losses.
Alex0 -
My partner has come across a company called 'Start Investing UK' (http://www.startinvestinguk.com/) through the industry that she is in.
What industry would this be? Not the legitimate finance industry or she'd know not to touch them with a bargepole.
Best case scenario is that they are actually doing what they say on the tin, i.e. share tips, and you will end up with a high-risk portfolio of randomly selected shares that is highly likely to underperform the market (due to the money you will spend churning it).
Worst case scenario is that you invest in a pump and dump scheme, or they persuade you to invest in some guaranteed winner, and lose all your money.0 -
What a joke
Being scientists, we researched, tested, adapted and tested again until we found a method that we believe will work in the long term.
Since we started our portfolio in January 2018, the Start Investing stock picks have beaten the FTSE 100 consistently.
So they think they can do what whole teams of analysts with billions of dollars invested in the fastest super computers and best algorithms that money can buy have consistently failed to do for the last 50 years, beat the market?
And they believe that beating the FTSE100 over one year is a benchmark and proof? I beat the FTSE100 over the past year. Indeed i beat it over the past ten years and more. I however claim no awesome powers of stock picking ability.
Don't let your partner near any money because she is obviously utterly clueless when it comes to investing. And what "industry" is she in where this is regarded as legitimate and anyone with a clue would even consider it?
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There is no FCA authorisation.
They don't even pretend to be regulated.
I stopped looking at that point. I would suggest the OP's girlfriend does to.I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0
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