Z
ln June last year with the advice from a broker l took out a policy with friends first called Corinthian insight property fund.
How do you know? We don't have enough insight into the original poster's specific circumstances as far as I can see.This was awful advice, sorry!
How do you know? We don't have enough insight into the original poster's specific circumstances as far as I can see.
How do you know? We don't have enough insight into the original poster's specific circumstances as far as I can see.
I'm not joking. The investment timeframe is at least 5 years. We don't know what advice the original poster received. We don't know what they were looking for. We don't know what their circumstances are (they could be a billionaire taking a high risk punt on a leveraged €20K investment for all we know). In short we cannot judge the investment or advice in the absence of more detailed info.Are you joking ??? from 20 K to 11 K in such a short space of time ... , I would be looking to prosecute.
Are you joking ??? from 20 K to 11 K in such a short space of time ... , I would be looking to prosecute.
This always was a high-risk investment product.
If it had gone from 20K to 29K in the same time period, what would you then think? Would you still be looking to prosecute?
Buying into a property fund in June last year, and gettin a 9K bump is highly unlikely.
The fact this fund was sold to a novice buyer is a scandal.
Buying into a property fund in June last year, and gettin a 9K bump is highly unlikely.
The fact this fund was sold to a novice buyer is a scandal.
I’m not certain on this. If you use the prices of the Hibernian Irish Commercial Property Fund as a proxy for IE commercial property prices, the value of IE commercial property was increasing until November 2007. (Since then the Hibernian fund has declined by about 22%, so a geared fund would decline by more.)Buying into a property fund in June last year, and gettin a 9K bump is highly unlikely.
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Perhaps but we dont know the details of the transaction, perhaps the client went to his broker and said " I want to invest 20K into a leveraged high risk property product - I am aware that the investment could rise significantly or fall drastically as is the nature of the product" In which case the broker may have sold the above investment as an ideal investment to suit the OP's needs.
It could just be a case of The fact that a novice buyer bought this investment is a scandal.
You can only say that with hindsight..
How do you know that zoe-90 was a novice? Do you know something we don't?
Let me be clear. If zoe-90 posts more information to suggest that s/he was not made aware of the risks of investing in a high risk product or it was in any way mis-sold, I'll be the first to suggest that s/he takes every step necessary to seek redress.
But s/he has not given enough detail for any of us to jump to this conclusion. Until s/he clarifies this, there's no point in leaping to the conclusion that it was a disgrace and that the broker should be hung from the neck until dead or whatever.
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