Presently overseas so the last thing I have been thinking of was HH Forumahandpatsy wrote:no figures to come back with then good job you can't trust advisers ????!!!!
point proven i think
10% every year is not easy and not guaranteed and not possible generally
I don't trust Financial Advisers (do not know if you are one) as they are paid by the finance companies who's products they sell/suggest. I would seriously consider investing in something a FA proposed unless the FA showed me that he had substantial investment in that product, never found that to date. As I think I said previously if an FA was so good why would they be giving advice and relying on commission instead of just reaping the rewards themselves.
Investing is just another word for gambling, one can have just as much success with betting on horses as long as you do some research beforehand ( I do not bet on horses, maybe I should). There is no guarantee.
I do believe it is possible to get in excess of 10% return on investment/Gamble it just takes focus and research and when you want to change your investment don't rely on a FA to say when as they very rarely will; do continual research yourself and make the call yourself.
I have two investment wrappers, each with a number of investments
# 1 has returned 12.9811% per annum over 36 months
# 2 has returned 17.5327% per annum over 41 months. Both as of today.
Both earlier had investments suggested by FA's and at that time I was getting 2 or 3% total per annum until I dumped them and stopped using FA's.
I pay 0.75% fees per annum so this has minimal impact on returns.
One can always look at shares, it is no riskier really, you have no direct leverage over investments/stocks & shares or horse racing. Take for example I recent gamble I took, Australian stock market "MOT" 200% growth since 4 March 5k in turned to 15k out. Just wish I had out a lot more in.
One has to do something to keep the family fed and housed.