PPRuNe Forums - View Single Post - Independent Financial Adviser
View Single Post
Old 19th Apr 2010, 13:02
  #90 (permalink)  
FlexibleResponse
 
Join Date: May 2002
Location: GC Paradise
Posts: 1,101
Likes: 0
Received 4 Likes on 3 Posts
If anyone is interested, I'd recommend you take look at this website.
Nussbaumer Pearce Capital - Newsletters
:
Has anybody heard of Abbey
FlexibleResponse
No, but they are likely to be the same as every other Financial adviser company.

1. They talk you into giving them control of your money.
2. They gamble with your money in their favourite product.
3. They make a gain for you and they take an Adviser fee plus a cut of the total amount you have invested, plus a trailing commission from the product manager.
4. Or, they make a loss and they take an Adviser fee plus a cut of the total amount you have invested, plus a trailing commission from the product manager.

It's all quite simple really:

1. You take all the risk and risk losing all your money.
2. They can't lose as they get paid regardless of whether or not they win for you or lose all your your money.
FlexibleResponse

1. Buy shares directly and hold the title directly yourself (ie, not through some investment fund or whatever).
2. Only buy investment grade blue chip shares.
3. Never lend your shares or title to your shares to anyone.
4. Never borrow to buy shares.
Nothing new here ladies and gentlemen...people still sniffing out you high income earners with promises of riches.

You must learn about investing and become your own adviser...or you will be bled to death of any wealth that you accumulate by the blood suckers...you have been warned.
FlexibleResponse is offline