Irish Times "4 reasons why Investabill beats having your savings on deposit"

Brendan Burgess

Brendan Burgess

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https://www.irishtimes.com/sponsored/investabill

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There are no details. No link to a website.

The ad in the newspaper at least points out that it is unregulated.

Brendan
 
Here is the website

https://www.investabill.com/risk

  • Historical data may not be a reliable indication for the future
  • Risk category shown is not guaranteed and may shift over time
  • The lowest category does not mean ‘risk free’
  • Investabill™ ETR are in this category due to low volatility and consistent performance
  • Safeguard on Investor funds uses 4-Tier Capital Protection
Risk & Reward indicator does not adequately capture:
  • Counterparty risk of AIG failure, or refusal, to settle insurance claims
  • Investments in Advance ETR/c-ETR purchased by Credebt Exchange on its own account
  • Operational risk relating to the safekeeping of assets or funds
  • SRRI Value based on 2-Years’ data only

ETR ARE NEITHER A FINANCIAL INSTRUMENT NOR AN INVESTMENT INSTRUMENT AND CREDEBT EXCHANGE IS NOT REGULATED BY THE CENTRAL BANK OF IRELAND AS A RESULT OF OPERATING THE EXCHANGE AND PROVIDING THE EXCHANGE SERVICES
 
Hi Gordon

Why is it misleading? The comparison with deposits?

I have looked at the two Irish Times ads and the website, and I am no better informed as to what the product is.

Brendan
 
Brendan Burgess said:
Hi Gordon

Why is it misleading? The comparison with deposits?

I have looked at the two Irish Times ads and the website, and I am no better informed as to what the product is.

Brendan
Click to expand...

It’s invoice discounting, Brendan.

You give me your money, I give it to companies with poor cashflow and a high level of debtors. They pay me 10% and I give you 2%.
 
Gordon Gekko said:
It’s invoice discounting
Click to expand...
Even worse. It's invoice discounting that tries to hide the fact it's invoice discounting.

All this talk of "4 Tier capital protections", and AIG insurance. Smoke and mirrors stuff.

They made up their risk classification. Sorry, calculated themselves, based on return over 2 years. There's no representation of the real risk involved. On the same basis property investment would be currently risk free.
 
I have been looking carefully at those seedlings in the advertisement.

I was wondering what they are. They might be Oaks, but I suspect they will all turn to Ashes
 
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