Can anyone vouch for or otherwise advise on the Investment Company Globaleye?

Cheers

I can't answer your query regarding Globaleye but my guess would be that you will regret signing anything with them. I have made 2 mistakes with investments in Dubai, the biggest being with Deveres (sometimes referred to as PIC, professional investment consultants).

These companies have a priority of interest in signing people up for investments and their biggest priority is to make money for themselves. The longer term you sign for, the more money they will make. If you happen you to do well with the investments in the long run, it will be by sheer luck and not because of sound investment advice from somewhat questionable investment advisors.

Companies such as Deveres or GLobalEye might seem like a good investment choice up until the moment you sign on the dotted line. From that point forward, they are no longer interested in what is best for you in the long run. In addition, the people who spend a year of two signing up hapless investors, then take a 'runner' and leave you in the hands of someone else, who really has no interest in your investment needs. This new guy is only interested in signing up his hapless investors before his planned 'runner'.

They make their money by 'signing' you up and after that, they receive an added bonus if you elect to increase your contributions or seek further investments with them. I have yet to meet ANYONE who, after a year or two, elected to increase their exposure to these companies. So obviously, why would they continue to offer you advice and look after your investments, when they no longer earn money for that service.

Don't fall for the glossy sales approach of these companies. Seek investment advice from other sources and not from companies whose total business relies on signing up individuals for short to long term contracts.

NEVER EVER sign a contract for a fixed period of time with an investment company! The moment you do, they gotcha, especially in a place like Dubai.

In a normal place, these companies would never survive due to word of mouth and the ability for their 'abused' clients to take legal recourse against them. Unfortunately, these companies prosper in Dubai... at our expense.

Blog, I can't speak for Globaleye, however Mensa was spot on with the Deveres info. They are great sales men but thats about it. I have not lost money with them, except for their fees, but once I realized what I was dealing with I moved to another company with no additional charge. Austin Blair was the guy that delt with me, said he would meet with me every 6 mths, that was 4 yrs ago, never seen again.
graham@<hidden> Try Graham, straight shooter.

http://uaefinancialadvice.com (http://uaefinancialadvice.com/) This is another good guy.

Globaleye are on a push with Emirates Pilots it seems. Their sales pitch to me was, we have many TRE and TRI's who use our company (what is that supposed to mean, or is it a bad way of trying to impress me?). Most pilots are notoriusly poor financial gurus, I would also appreciate any info or feedback if anyone has had experience with Globaleye.

Deveers or Candour Consultancy FORGET IT!!

PP

Avoid Globaleye and PIC. They'll try to sell you a so called "tailor made" package when in fact it's straight off the shelf and it's the one that gives most commision to them, not benefit you.
Very cheerful initially, even with promises of free tickets to this or that sport event, but all goes sour when they see that you want something different or wish to pay in smaller amounts than what they want.
The charges to their schemes, especially in the first couple of years, are horrific.
Buy property instead (not Dubai).......

You dont need to go with any of these so called professionals cos they an't. Do your own investments yourself, ideally split between property, stock and shares (tracker funds have low charges in general) & cash (easy access for emergency, fixed term deposits ....) depending on how much risk you are prepared to take.Over the years, I found that any managed investment I had (company pension funds) have done fairly poorly to high fee structure eating into the returns. Any of my self investment have done much better over the long term by comparison.
Good luck. It is less difficult. at the end of the day than what most people think, you ll be a genius if you get it right 51% of the time and most fund managers cant even do that.

Have a look on the SE Asian forum...an outfit of a similar name was recently shut down in Colombo, after bilking hundreds of SriLankan pilots out of their savings.
Pilots are a prime target for this type of hype...normally earning big bucks, but have never invested before.
Skin the cat...and then some.:}