Guaranteed - 45% Gross Over 3 Years-Muldowney Group

room305

Frequent Poster
Messages
477
Re: Guaranteed - 45% Gross Over 3 Years

I should point out in fairness to Augusta (with whom I have an investment) that while their advertisements and prospectuses contain "projected" returns, they make no claims that these are guaranteed. Their prospectuses also give detailed information on the assumptions used to make the projections, as well as the main investment risks.
I don't have an investment with Augusta but they are well respected. It is unfair that they are getting tarnished by what looks like some fairly questionable claims on the part of Muldowney.
 

Brendan Burgess

Founder
Messages
37,713
Re: Guaranteed - 45% Gross Over 3 Years

Even their maths is wrong:

"We are offering 15% per annum over three years.

That's a total of 45% gross..."

15% per annum is 52% over three years.

I will refer their ad and website to the Financial Regulator.

Brendan
 

ClubMan

Frequent Poster
Messages
43,858
Re: Guaranteed - 45% Gross Over 3 Years

Even their maths is wrong:

"We are offering 15% per annum over three years.

That's a total of 45% gross..."

15% per annum is 52% over three years.
Maybe the omission of the word "compounded" is deliberate and without it it's not incorrect to say that 15% p.a. is 45% gross?
 

Brendan Burgess

Founder
Messages
37,713
Re: Guaranteed - 45% Gross Over 3 Years

I reckon that they simply don't understand the difference.

Maybe someone else would like to make a complaint to the ASAI and someone else again to the National Consumer Agency?

Brendan
 
G

gonk

Guest
Re: Guaranteed - 45% Gross Over 3 Years

I reckon that they simply don't understand the difference.

Maybe someone else would like to make a complaint to the ASAI and someone else again to the National Consumer Agency?

Brendan
But what would the basis of the complaint be? Oldtimer says he spoke to their office and they stand over the claims made in the ad. I know they sound unlikely, and would be surprised if they are borne out in reality, but what could you say in your complaint?
 

Brendan Burgess

Founder
Messages
37,713
Re: Guaranteed - 45% Gross Over 3 Years

I think a misleading as is against the code. They are offering a guarantee of 15%. They are not highlighting or noting any terms and conditions.

It might not succeed, but it's well worth trying. I think that they will have to justify their claims.

I also think that the National Consumer Agency has much stronger powers under European law.

Brendan
 

kgbm

Registered User
Messages
19
Re: Guaranteed - 45% Gross Over 3 Years

I have the prospectus. I know nothing about these people but have seen their ads for sometime in various sunday papers. I have no idea who they are . It looks , however , a very good deal, and well worth investigating. I have had gaurantees before and when they dont come through all you can do is take them to court and hope to get your money back. As regards the calculations they are saying that a 100,000 investment will gross to 145000 in 3 years which is near enough 15% for me. however i want to know about these people , who regulates them, how reputable they are, where can i find out about them etc. In reality they will probably earn a lot more than 15% of my money (if I give it to them) , as they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
 
Z

z108

Guest
Re: Guaranteed - 45% Gross Over 3 Years

as they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
Pyramid scheme ? :confused:
 

woods

Frequent Poster
Messages
778
Re: Guaranteed - 45% Gross Over 3 Years

they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
This works well in a rising market but have they missed the boat.
 

kgbm

Registered User
Messages
19
Re: Guaranteed - 45% Gross Over 3 Years

the explanation of how they get their 45% is simple enough and not totally outrageous. my own company bought a site for x, we knew what could be put on it, how much the project was going to cost, and what we could sell each unit for, therefore giving us projected returns. They are doing this in the same way in markets that are developing eg russia , india. And i beleive this is not an unreal profit prediction. Maybe we might miss the boat if we don't invest .
 

RainyDay

Frequent Poster
Messages
4,506
Re: Guaranteed - 45% Gross Over 3 Years

the explanation of how they get their 45% is simple enough and not totally outrageous. my own company bought a site for x, we knew what could be put on it, how much the project was going to cost, and what we could sell each unit for, therefore giving us projected returns. They are doing this in the same way in markets that are developing eg russia , india. And i beleive this is not an unreal profit prediction. Maybe we might miss the boat if we don't invest .
How did you know what you could sell each unit for? Crystal ball?

Your calculation gave you a projected return. This company are claiming a guaranteed return - big difference.
 

ClubMan

Frequent Poster
Messages
43,858
Re: Guaranteed - 45% Gross Over 3 Years

I have the prospectus. I know nothing about these people but have seen their ads for sometime in various sunday papers. I have no idea who they are . It looks , however , a very good deal, and well worth investigating. I have had gaurantees before and when they dont come through all you can do is take them to court and hope to get your money back. As regards the calculations they are saying that a 100,000 investment will gross to 145000 in 3 years which is near enough 15% for me. however i want to know about these people , who regulates them, how reputable they are, where can i find out about them etc. In reality they will probably earn a lot more than 15% of my money (if I give it to them) , as they say they will invest in emerging markets as 1st tier investors and wait for the 2nd tier investors to buy off plans etc. What do you think? (This is my first post)
the explanation of how they get their 45% is simple enough and not totally outrageous. my own company bought a site for x, we knew what could be put on it, how much the project was going to cost, and what we could sell each unit for, therefore giving us projected returns. They are doing this in the same way in markets that are developing eg russia , india. And i beleive this is not an unreal profit prediction. Maybe we might miss the boat if we don't invest .
If you understand how it all works then why were you asking for info above? No offence but your posts strike me as suspicious. Do you have some vested interest here?
 

kgbm

Registered User
Messages
19
Re: Guaranteed - 45% Gross Over 3 Years

Clubman: I was waiting for that. No I don't. But I am trying to remain positive about it. everything about the deal is negative so far. I am just trying to point out that it is not beyond the bounds of possibility that it can work. And according to them the fund is almost full so someone out there must have committed themselves thus far. regarding the crystal ball: you know what your house is worth don't you? same difference. As long as you can sell the units..............
 

MugsGame

Frequent Poser
Messages
2,476
Re: Guaranteed - 45% Gross Over 3 Years

you know what your house is worth don't you? same difference.
Nobody is offering me a guarantee what my house is worth. Muldowney are offering a 'guaranteed' return.
 

LDFerguson

Frequent Poster
Messages
4,039
Re: Guaranteed - 45% Gross Over 3 Years

(1) If the 45% is a projection or conditional on property prices or other asset values going a certain way, the "guaranteed" claim is misleading.

(2) If it's a guarantee, who's guaranteeing it?

(3) If they can guarantee 45% after three years, why would they be offering it to the public? If I had access to an investment that would genuinely guarantee a return of 45% after three years, I'd mortgage everything I own to raise cash, then I'd get my family and friends to do likewise. If it's an asset-backed deal we'd then get various banks to finance further investment, secured on the assets. We'd borrow on a 3-year fixed rate of 4.69% on an interest-only basis. After 3 years the cost of funds would be under 15%. We'd get our 45% return and would be laughing.

If it sounds too good to be true, it probably is.
 
G

gonk

Guest
Re: Guaranteed - 45% Gross Over 3 Years

If they can guarantee 45% after three years, why would they be offering it to the public? If I had access to an investment that would genuinely guarantee a return of 45% after three years, I'd mortgage everything I own to raise cash, then I'd get my family and friends to do likewise.
Me too! This is the single aspect of the advertisement that makes least sense to me. If the return on offer is genuinely certain, it would make absolutely no sense to be advertising to the public to raise funds. It would be like Paddy Power advertising for punters to bet on a one horse race.
 

kgbm

Registered User
Messages
19
Re: Guaranteed - 45% Gross Over 3 Years

I agree the gaurantee claim is misleading, it is conditional on how the market performs etc. If it doesn't perform then you take your slip of paper and them to court and hope they don't skip the country etc. They are saying that the fund is full ie closed and you and your friends will not be able to invest anything in it. all i really wanted to know is who regulates these people and have you any comeback at all? BCP asset management have good products , dont gaurantee any return but at least they have a bank to ensure you get your money back if the investment fails. i am sure there are other companies with similar products etc.
 

kgbm

Registered User
Messages
19
Re: Guaranteed - 45% Gross Over 3 Years

to Gonk: How do you get funds without some sort of advertising?
 
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