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Invensment "Brokers" in the UAE

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Invensment "Brokers" in the UAE

Old 21st Feb 2011, 10:11
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Invensment "Brokers" in the UAE

Can anyone recommend a good investment broker in Dubai? I have been swamped with guys cold calling me offering me their (financial direction) services as of late, and, since this offshore investment game in the UAE is akin to swimming with sharks, I am looking for a good, strong cage.
Also, can anyone shed any light on "ONE International" on Beach Road and their VP, Paul Woodfield? Good or bad I would like to know more.
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Old 21st Feb 2011, 11:05
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Try a gentleman called David Heywood 0507314961, he has served me well over the years! good luck..
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Old 21st Feb 2011, 11:28
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Try some real estates.
 
Old 21st Feb 2011, 11:46
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since this offshore investment game in the UAE is akin to swimming with sharks,
You could omit the words 'in the UAE'. I would sooner trust a hungry shark than some of the people in the 'investement' game that I've come across in my time.
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Old 21st Feb 2011, 14:19
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Best advise I can offer you my friend is Stay Away from any of these characters. No one but yourself will look after your own money the best way possible.

Watch the movie Inside Job.

Take care

Check Six
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Old 21st Feb 2011, 15:29
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Yep, "inside job" is on the IFE on your next ULR.
Just open a self managed offshore account, you start 2% ahead by not paying fees (avoiding the middleman). It is proven that most of us can beat most "professional"...bur rarely the market.
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Old 21st Feb 2011, 15:35
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...and absolutely avoid any so called colleagues who say they have a pilot investment scheme that will earn you a 60% return! They should have been locked up but are still running loose.

All they ever did was get rich off the back of hard earned money and then have the audacity to shove it in your face. Many fools have been parted with their money and will never get it back...be warned.

Last edited by Marooned; 21st Feb 2011 at 17:14.
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Old 22nd Feb 2011, 14:05
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Thanks

Thanks for all your advise, guys. I went over to there office and gave them all kinds of useless info (incorrect DOB, kids and spouses names and their birthdays, how much money I have, and what investments I already have).
It took him two hours of beating around the bush to explain that he could do nothing for me until I plunked down the equivilent of $75,000 USD!!!
I was flabbergasted, and left the building, laughing.
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Old 22nd Feb 2011, 14:34
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Why anyone would give their money to someone with a fake tan and unfortunate taste in neckties is beyond me.

Step 1: Open an Internaxx account - preferential trading prices for EK pilots. Fully insured and fully owned by TD bank.

Step 2: Pick a portfolio: Model Portfolios
These are skewed for Canadians but you will get the idea

Step 3: Buy something for your chosen portfolio monthly and never be tempted to move stuff around. Net cost to you about 0.75% annually plus a few hundred dollars in commissions.

Enjoy retirement.
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Old 22nd Feb 2011, 15:12
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Dropp the Pilot,

Nice link, thanks.

Guys, my experience has been that most of these guys are trying to sell you some sort of offshore trust/mutual fund. I had one of them tell me that his crowd was so good that the only reason people did not invest with him was because they were either stupid or did not have money. I plead poverty....

"A Random Walk Down Wall Street" makes for a good read. It appears that the pros cannot beat the market......hell, they managed to wipe out 44% of my provident fund in 2008!

Take Dropp the Pilot's advice and look after your own affairs.
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Old 22nd Feb 2011, 15:13
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Yes to internaxx. If you keep over 100 000USD, there is no annual fee.
I do all my market investments there and never get frustrated with the middleman.
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Old 22nd Feb 2011, 15:27
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Vince

I was a de vere dubai sucker. I have now found a guy that has cleaned up the mess and is working hard for me. This guy is good. I wish I had called him sooner.

vince d. truong, a U.S. cfp
PARTNERSHIP MANAGER
alpha omega partnership OF HOLBORN ASSETS

056 1015527
www.uaefinancialadvice.com

Last edited by johnnyramjet; 23rd Feb 2011 at 06:36. Reason: add email
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Old 24th Feb 2011, 08:03
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Investment brokers (aka salesman) make their money up-front from commissions taken out of your money.

Then the investment company takes their cut. Whatever is left is put into the market> Which, unless your timing is very lucky, will inevitably crash.

Watch 'Inside Job' as someone said. It will make your blood boil.

The best investment advice anyone ever gave me was "Stay married to your first wife"

Have managed that for 23 years, hope I can continue.
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