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-   -   Dodgy Investment Time (https://britishexpats.com/forum/sand-pit-116/dodgy-investment-time-793924/)

mentalist Apr 14th 2013 10:38 am

Dodgy Investment Time
 
It couldn't have happened to a nicer bunch of lads:rofl:
http://www.dailymail.co.uk/news/arti...flounders.html
Meanwhile, does anybody recall a reported scam where British investors were sold bonds or such like assuring a 9-10% annual return so long as a group of selected high profile equities did not fall by more than 25% in a year?

Scamp Apr 14th 2013 11:24 am

Re: Dodgy Investment Time
 

Originally Posted by mentalist (Post 10658070)
It couldn't have happened to a nicer bunch of lads:rofl:
http://www.dailymail.co.uk/news/arti...flounders.html
Meanwhile, does anybody recall a reported scam where British investors were sold bonds or such like assuring a 9-10% annual return so long as a group of selected high profile equities did not fall by more than 25% in a year?

Do you reckon they were given villas / deposits in return for a picture advertising it?

Deposit for them is pennies, I feel a bit for folk who invested their savings and may not have the huge chunks of cash to fall back on. Still, international property speculation is a gamble eh Mentalhead.

mentalist Apr 14th 2013 11:30 am

Re: Dodgy Investment Time
 

Originally Posted by Scamp (Post 10658126)
Do you reckon they were given villas / deposits in return for a picture advertising it?

Deposit for them is pennies, I feel a bit for folk who invested their savings and may not have the huge chunks of cash to fall back on. Still, international property speculation is a gamble eh Mentalhead.

Yeh, it has to be much safer to buy in Stoke on Trent, eh Scampi?

OleJanx Apr 14th 2013 11:31 am

Re: Dodgy Investment Time
 
1 Attachment(s)
Attachment 111938More money than sense...

Scamp Apr 14th 2013 11:35 am

Re: Dodgy Investment Time
 

Originally Posted by mentalist (Post 10658134)
Yeh, it has to be much safer to buy in Stoke on Trent, eh Scampi?

Buying off plan in the MENA region surely warrants a bit of risk management, don't you think?

Maybe moreso than in Stoke on Helmet.

britexpat76 Apr 14th 2013 11:39 am

Re: Dodgy Investment Time
 

Originally Posted by Scamp (Post 10658141)
Buying off plan in the MENA region surely warrants a bit of risk management, don't you think?

Maybe moreso than in Stoke on Helmet.

I would rather wipe my arse with 1000 notes than put a deposit on something off plan in the MENA region.

Scamp Apr 14th 2013 11:51 am

Re: Dodgy Investment Time
 

Originally Posted by britexpat76 (Post 10658146)
I would rather wipe my arse with 1000 notes than put a deposit on something off plan in the MENA region.

Remind me, how is the apartment on that offshore island in Lebanon coming along?:rofl:

OleJanx Apr 14th 2013 12:16 pm

Re: Dodgy Investment Time
 

Originally Posted by britexpat76 (Post 10658146)
I would rather wipe my arse with 1000 notes than put a deposit on something off plan in the MENA region.

Investing in property in the MENA area is rather like fueling a fire with £50 notes. Buying the GCC states is uncertainness you cannot predict what the next ruler is going to decree, and as Arabs are notoriously irrattic, I'd rather put all my money on red at a casino. The odds are better.
There should be reciprocal agreement with property - if you're from the UAE, then if you do not have residency in the UK, then out you go. Will never happen, because the British government are too far up the GCC state's arse.....

Meow Apr 14th 2013 1:15 pm

Re: Dodgy Investment Time
 

Originally Posted by mentalist (Post 10658070)
It couldn't have happened to a nicer bunch of lads:rofl:
http://www.dailymail.co.uk/news/arti...flounders.html
Meanwhile, does anybody recall a reported scam where British investors were sold bonds or such like assuring a 9-10% annual return so long as a group of selected high profile equities did not fall by more than 25% in a year?

I couldn't care less about premiership footballers being gullible, greedy fools.

The 'scam' I think you are referring to is something known as a precipice bond. It is an investment structure where you receive a stated annual return, but the return of capital at the end of the specificed term is dependent on the performance of known indices or a basket of shares. It's not a scam where the risk is properly explained, but too many people chase the high annual income, ignoring the risk.

Many similar plans have been fine in growth markets, but obviously capital is eroded (often with a stop loss) in a falling market. You really cannot buck market trends, but it's always someone else's fault when people lose out, even when it actually isn't. And that's exactly why it's important to get information or advice in writing and read it. If you don't understand what is being suggested, then walk away.

Boomhauer Apr 14th 2013 1:55 pm

Re: Dodgy Investment Time
 

Originally Posted by britexpat76 (Post 10658146)
I would rather wipe my arse with 1000 notes than put a deposit on something off plan in the MENA region.

Locals in MENA are way too schrewd & dishonest & unethical to invest with , unless one has a robust legal system to count on.

britexpat76 Apr 14th 2013 2:20 pm

Re: Dodgy Investment Time
 

Originally Posted by Boomhauer (Post 10658320)
unless one has a robust legal system to count on.

That answers that then mate..........

OleJanx Apr 14th 2013 4:17 pm

Re: Dodgy Investment Time
 

Originally Posted by britexpat76 (Post 10658354)
That answers that then mate..........

No shit, Sherlock!


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