I have personally invested in this product, though not through Paul. The investment is sent directly to LM, in whatever currency is nominated, and they pay any commission to the nominated Broker. I recently received a month by month interest breakdown showing how the value of my investment is increasing, and this is in line with the interest guarantee which they gave me for the current year.
To date I am very happy with LM but would hesitate to recommend them to anyone else as I am not a Financial Advisor and am not able to assess any individuals personal financial situation and future goals. Ultimately, as I am sure Paul will agree, each individual needs to have a complete review of their circumstances with an Independent Financial Advisor who should prepare a comprehensive current status and way forward for the Client to invest and achieve their personal goals. If they try to sketch out your financial future on the back of a beermat then you know you are being conned.
Investments and Savings
Re: Investments and Savings
"Sometimes I sits and thinks, and then again I just sits" Punch 24th Oct 1906
Re: Investments and Savings
Yes, the actual investment does look to be reasonable for this kind of thing, particularly if you can commit for three years and I'm considering it myself through my present company.
Re: Investments and Savings
No doubt Paul S will put me right if I have this wrong...
It looks to me as if these funds investing RMBS, as we say in trade jargon. Or Residential Mortgage Backed Securities. Now I know very little about the current state of the Assie housing market, nor of how secure the individual mortgage packages are that make up these funds. These are questions potential investors in the funds need to ask. When done well, these can be extremely good and stable investments. When done badly, they go pop.
I think the 'guarantee' avenue is non-productive and good practice is that the word should be avoided whenever possible. But on the face of it, these could be nice funds and if the LTV's of the mortgages are fine and the Aussies managing it are three-quarters competent and honest, RMBS can be sound.
Jim
It looks to me as if these funds investing RMBS, as we say in trade jargon. Or Residential Mortgage Backed Securities. Now I know very little about the current state of the Assie housing market, nor of how secure the individual mortgage packages are that make up these funds. These are questions potential investors in the funds need to ask. When done well, these can be extremely good and stable investments. When done badly, they go pop.
I think the 'guarantee' avenue is non-productive and good practice is that the word should be avoided whenever possible. But on the face of it, these could be nice funds and if the LTV's of the mortgages are fine and the Aussies managing it are three-quarters competent and honest, RMBS can be sound.
Jim
ดวงขึ้น
จิม
จิม
Re: Investments and Savings
Good luck with mortgage backed securities......these are exactly the kinds of investments that put American in the dumper.
Re: Investments and Savings
Still waiting for you since yesterday Paul to provide your bonifides.
For everyone else please Google A.I.G. and read about the lawsuit they've filed against Bank of America for their investments in Mortgaged Backed Securities. I did so this morning when I was researching A.I.G. and the information should be interesting reading.
For everyone else please Google A.I.G. and read about the lawsuit they've filed against Bank of America for their investments in Mortgaged Backed Securities. I did so this morning when I was researching A.I.G. and the information should be interesting reading.
-
paulsimkiss
- Amateur
- Posts: 28
- Joined: Wed Feb 09, 2011 10:10 am
- Location: Hua Hin
Re: Investments and Savings
Hello everyone
I believe this thread has become controversial and I take the blame for that and apologise for it and any ambiguous comments I have made.
My error of judgement here has been a bias towards what monetary gains can be achieved and not enough disclosure on the issues of the security of people’s investments which are paramount and quite rightly so.
Statements, by means of words, Guaranteed, Safe and secure, could have either been better explained or perhaps in hindsight not used at all. Nevertheless they have been used and it is my duty to remedy this as best possible.
Starting with the word ‘’Guaranteed’’. I unreservedly apologise for using this term, it was wrong and inacurate. Other than death and income tax nothing in this world is guaranteed. It is a fact that wherever an investor puts his money there is always some degree of risk. Different places of investment have higher and lower levels of risk. It is clear that a bank with a government backed compensation scheme is the lowest risk institute. And an investment company with no compensation scheme is going to be a higher risk investment. It is up to each individual investor to decide what risk and reward they wish to take.
Now taking the term I have used ‘’Safe and Secure’’. I also apologise for using that term in the brief fashion I did. It was a mistake. That term is a matter of judgement for each individual. Just because I think LM Australia (LM) is safe and secure, that is only my opinion. This term needs to be backed up with more facts for individuals to make their own decision. For example:-
I consider LM a safe and secure company because the LM investment is designed to deliver enhanced income; The LM Managed Performance Fund is now in its tenth year of reliable delivery of investor income with zero negative volatility. LM blends its income and property expertise with its established relationships with professionals from within Australia’s property and business sectors to provide the fund with Australian property related assets including commercial loans that meet the fund’s performance and integrity objectives. The inception date was December 2001. The fund size is AUD 256,992,188. The assets are Australian property related assets. Commercial loans, direct property and cash. LM offer fixed investment terms. LM has significant outperformance on cash rates across the full range of major international currencies. Investment currency protected against movements in the Australian dollar by utilising forward foreign exchange contracts. There are no entry or exit fees. Strong fundamentals within Australia’s property market and the resilience of Australia’s macroeconomic framework create quality opportunities for LM to select new prime, short, medium and long term assets. END
There are of course Investment Risks that need to be also pointed out. The Investment risks for this product (LM Managed Performance Fund) are below word for word as published by LM. However LM has other funds that have different risk warning.
LM Managed Performance Fund.
While the Manager does invest in a range of conventional investments, investors should be aware that the Fund will also participate in less conventional investment activities should the opportunity arise. Investors will have no input into the type of investment activities of the Fund, and will be unable to designate where funds are invested. Investors who seek a level of certainty or control over how their funds are invested should not invest their money in this Fund.
Risk Management
Investors should be aware that there is risk involved in investing in the Fund, due to its diverse investment mandate.
The Manager attempts to minimise risk by:-
> undertaking a comprehensive due diligence process for new investment opportunity prior to investing any funds;
> undertaking a detailed risk assessment of all new investment opportunities;
> completing a detailed financial analysis of all investment opportunities prior to investing any funds, including legal and financial due diligence;
> employing experienced, professional personnel;
> maintaining a long term vision for the Fund;
> complying rigidly with its internal compliance program; and
> actively monitoring and managing the assets of the Fund.
Investors should be aware that there are a number of risks associated with investments of this nature. The Fund is not a registered managed investment scheme under the Corporations Act. Given the diverse range of investment activities of the Fund, it is not possible to provide a description of material risks specific to each particular investment activity. Instead, investors must be aware of the general risks involved in the style of investment activities undertaken by the Fund, and be aware that the Manager is authorised to invest in any opportunity which it assesses as appropriate. This section sets out a number of risks
which investors should consider before investing in the Fund. Investors who are not prepared to accept these risks and the wide investment discretion of the Manager should not invest in the Fund. The risks and comments set out in this section are intended as a guide only and the Manager recommends that investors seek professional financial advice.
Risks to Consider for the Fund
Capital Risk.
The investments of the Fund are not capital guaranteed, and there is a risk that the value of the investment might decline. No losses have occurred, or are expected to occur at the date of this Information Memorandum. Unit Price The unit price is variable and may increase or decrease depending on the performance of the investment portfolio of the Fund. The Manager is constantly assessing various investment sectors in order to determine which sectors have the best potential in terms of income, capital growth and/or capital security. Currency Risk Non-Australian dollar investments in the Fund are hedged in the relevant currency against Australian dollar currency movements. The Fund currency hedges a non-Australian dollar investment through the use of Forward Foreign Exchange Contracts (“FFEC”). Investors should however, be aware that any delay or shortfall in income or capital payments from the Fund may result in a loss for the Fund due
to breaking a FFEC. In such an event, the investment will not be currency hedged and income and/or capital may be impacted.
Personal Investors with non-Australian dollar investments who have elected to have the distributions paid monthly should note the distribution is not hedged as the Fund pays the monthly distribution
directly from the earnings of the Fund in Australian dollars. The distribution does not form part of the FFEC as it does for a non-AUD investment where the distribution is paid at maturity and as such the
monthly unhedged distribution is subject to currency risk. Property Market Risk Property market risk is the risk that negative movements in the property market may impact on the capacity to fully recover the amount owing on a loan investment made by the Fund. The Manager
manages this risk by strictly complying with its lending guidelines and the efficiency of its collections systems. Mortgage securities are reviewed on an ongoing basis with updated valuations obtained
where appropriate. If the Fund has directly acquired the property not only could the value of the property decline, there are also additional risks that the tenants fail to meet their lease obligations, tenancies cannot be released in a timely fashion, property may be damaged by fire or some other disaster which either causes the property to lose value or requires additional expenditure. The Manager does not purchase direct real property without first having obtained an independent valuation, a full review of the tenants including any guarantor arrangements provided by third parties. As a matter of course, the property
must be insured against fire and usual insurable risks and where necessary maintenance contracts will be entered into with suitably qualified contractors to ensure the ongoing efficient management and
maintenance of the property.
Mortgage Investments
The Fund will lend directly to some borrowers and will invest in other funds managed by the Manager. The Manager’s mortgage based funds have a conservative lending policy in relation to mortgage securities and follow strict lending guidelines. The Manager generally lends to borrowers seeking loan funding for business, development or investment purposes. Various types of real estate are offered as security for mortgages including residential, commercial, industrial or retail property. The Manager does not generally engage in lending activities that may be subject to the Consumer Credit Code. In the case of development or construction mortgages, the Manager reviews all project feasibilities
and monitors development progress throughout the term. Liquidity Risk A delay in meeting an investor’s withdrawal request is possible where there are a significant number of withdrawal requests received at the same time, which absorb the cash reserves of the Fund and if assets of the Fund are not sufficiently liquid. In certain circumstances the Manager may suspend withdrawals for such periods as it determines.
Refer to the paragraph headed “Liquidity Preservation Rules” on page 27 of the Information Memorandum.
Share Market Risks
The Fund may invest in specialist managed funds which in turn hold income bearing cash investments, long and short term securities (including equity securities and derivatives on securities) which may be quoted on recognised stock exchanges. The value of these investments might decline for reasons including domestic and international economic conditions, changes in government fiscal, monetary and regulatory policies, changes in interest rates, poor performance of equity markets, the rate of inflation or changes in the circumstances of the companies or funds in which the specialist managed funds invest. A return on investments in the Fund or repayment of capital invested in the Fund is not guaranteed.
The Manager mitigates this risk by utilising specialist fund managers to invest the Fund’s assets held in this sector. Each specialist is chosen following an extensive and rigorous research process that examines their investment style, the expertise of their investment team and a range of other factors. The Manager reviews each specialist fund manager’s performance on an ongoing basis, ensuring that they operate within the mandated expectations and guidelines.
Default Procedures in respect to Loans by the Fund
There is a risk that borrowers will fail to honour their obligations to repay the loan (or interest) when it is due or at all. Arrangements are in place to give a borrower a substantial incentive to effect timely
payments, including a lower rate of interest applicable for prompt payment. If a borrower is late in effecting an interest payment or otherwise is in default, appropriate action is taken to protect the interests of investors. A default notice may be issued to the borrower and if not satisfied, the Manager may exercise rights under the loan agreement, such as exercising the power of sale of all property held as security.
Distribution Risk
Distributions to investors depend on the performance of the underlying investments. The Manager is unable to guarantee that investors will receive a return on their investment. The Manager manages distribution risk by investing in a diverse range of investment activities with various terms and projected returns. Investors should note that past performance is not necessarily indicative of future returns.
Borrowing Risk
If the Fund borrows, then reductions in Fund income, increases in interest rates or a refusal of a financier to extend the term of any facility could cause the Fund to default on its loan and the financier
would have first right of recourse to the assets of the Fund. Under the constitution for the Fund there is no limit to which the Manager may borrow against the Fund assets. However, at the date of this Information Memorandum the Fund has no borrowings.
Government Policies
Investment performance may be affected by changes to government policy in relation to taxes, exchange rates, legislative changes, land tax, income tax and other government factors. These factors are generally beyond the control of the Manager.
Now to end this messagethere may be a couple of outstanding questions to answer.
1. AWOL magazine advert. The word guarantee used in that advert refers to the guarantee of no fees and no hidden extras.
2. My certificate of qualificaion and CV. I will gladly email them to anyone who wants them.
I believe this thread has become controversial and I take the blame for that and apologise for it and any ambiguous comments I have made.
My error of judgement here has been a bias towards what monetary gains can be achieved and not enough disclosure on the issues of the security of people’s investments which are paramount and quite rightly so.
Statements, by means of words, Guaranteed, Safe and secure, could have either been better explained or perhaps in hindsight not used at all. Nevertheless they have been used and it is my duty to remedy this as best possible.
Starting with the word ‘’Guaranteed’’. I unreservedly apologise for using this term, it was wrong and inacurate. Other than death and income tax nothing in this world is guaranteed. It is a fact that wherever an investor puts his money there is always some degree of risk. Different places of investment have higher and lower levels of risk. It is clear that a bank with a government backed compensation scheme is the lowest risk institute. And an investment company with no compensation scheme is going to be a higher risk investment. It is up to each individual investor to decide what risk and reward they wish to take.
Now taking the term I have used ‘’Safe and Secure’’. I also apologise for using that term in the brief fashion I did. It was a mistake. That term is a matter of judgement for each individual. Just because I think LM Australia (LM) is safe and secure, that is only my opinion. This term needs to be backed up with more facts for individuals to make their own decision. For example:-
I consider LM a safe and secure company because the LM investment is designed to deliver enhanced income; The LM Managed Performance Fund is now in its tenth year of reliable delivery of investor income with zero negative volatility. LM blends its income and property expertise with its established relationships with professionals from within Australia’s property and business sectors to provide the fund with Australian property related assets including commercial loans that meet the fund’s performance and integrity objectives. The inception date was December 2001. The fund size is AUD 256,992,188. The assets are Australian property related assets. Commercial loans, direct property and cash. LM offer fixed investment terms. LM has significant outperformance on cash rates across the full range of major international currencies. Investment currency protected against movements in the Australian dollar by utilising forward foreign exchange contracts. There are no entry or exit fees. Strong fundamentals within Australia’s property market and the resilience of Australia’s macroeconomic framework create quality opportunities for LM to select new prime, short, medium and long term assets. END
There are of course Investment Risks that need to be also pointed out. The Investment risks for this product (LM Managed Performance Fund) are below word for word as published by LM. However LM has other funds that have different risk warning.
LM Managed Performance Fund.
While the Manager does invest in a range of conventional investments, investors should be aware that the Fund will also participate in less conventional investment activities should the opportunity arise. Investors will have no input into the type of investment activities of the Fund, and will be unable to designate where funds are invested. Investors who seek a level of certainty or control over how their funds are invested should not invest their money in this Fund.
Risk Management
Investors should be aware that there is risk involved in investing in the Fund, due to its diverse investment mandate.
The Manager attempts to minimise risk by:-
> undertaking a comprehensive due diligence process for new investment opportunity prior to investing any funds;
> undertaking a detailed risk assessment of all new investment opportunities;
> completing a detailed financial analysis of all investment opportunities prior to investing any funds, including legal and financial due diligence;
> employing experienced, professional personnel;
> maintaining a long term vision for the Fund;
> complying rigidly with its internal compliance program; and
> actively monitoring and managing the assets of the Fund.
Investors should be aware that there are a number of risks associated with investments of this nature. The Fund is not a registered managed investment scheme under the Corporations Act. Given the diverse range of investment activities of the Fund, it is not possible to provide a description of material risks specific to each particular investment activity. Instead, investors must be aware of the general risks involved in the style of investment activities undertaken by the Fund, and be aware that the Manager is authorised to invest in any opportunity which it assesses as appropriate. This section sets out a number of risks
which investors should consider before investing in the Fund. Investors who are not prepared to accept these risks and the wide investment discretion of the Manager should not invest in the Fund. The risks and comments set out in this section are intended as a guide only and the Manager recommends that investors seek professional financial advice.
Risks to Consider for the Fund
Capital Risk.
The investments of the Fund are not capital guaranteed, and there is a risk that the value of the investment might decline. No losses have occurred, or are expected to occur at the date of this Information Memorandum. Unit Price The unit price is variable and may increase or decrease depending on the performance of the investment portfolio of the Fund. The Manager is constantly assessing various investment sectors in order to determine which sectors have the best potential in terms of income, capital growth and/or capital security. Currency Risk Non-Australian dollar investments in the Fund are hedged in the relevant currency against Australian dollar currency movements. The Fund currency hedges a non-Australian dollar investment through the use of Forward Foreign Exchange Contracts (“FFEC”). Investors should however, be aware that any delay or shortfall in income or capital payments from the Fund may result in a loss for the Fund due
to breaking a FFEC. In such an event, the investment will not be currency hedged and income and/or capital may be impacted.
Personal Investors with non-Australian dollar investments who have elected to have the distributions paid monthly should note the distribution is not hedged as the Fund pays the monthly distribution
directly from the earnings of the Fund in Australian dollars. The distribution does not form part of the FFEC as it does for a non-AUD investment where the distribution is paid at maturity and as such the
monthly unhedged distribution is subject to currency risk. Property Market Risk Property market risk is the risk that negative movements in the property market may impact on the capacity to fully recover the amount owing on a loan investment made by the Fund. The Manager
manages this risk by strictly complying with its lending guidelines and the efficiency of its collections systems. Mortgage securities are reviewed on an ongoing basis with updated valuations obtained
where appropriate. If the Fund has directly acquired the property not only could the value of the property decline, there are also additional risks that the tenants fail to meet their lease obligations, tenancies cannot be released in a timely fashion, property may be damaged by fire or some other disaster which either causes the property to lose value or requires additional expenditure. The Manager does not purchase direct real property without first having obtained an independent valuation, a full review of the tenants including any guarantor arrangements provided by third parties. As a matter of course, the property
must be insured against fire and usual insurable risks and where necessary maintenance contracts will be entered into with suitably qualified contractors to ensure the ongoing efficient management and
maintenance of the property.
Mortgage Investments
The Fund will lend directly to some borrowers and will invest in other funds managed by the Manager. The Manager’s mortgage based funds have a conservative lending policy in relation to mortgage securities and follow strict lending guidelines. The Manager generally lends to borrowers seeking loan funding for business, development or investment purposes. Various types of real estate are offered as security for mortgages including residential, commercial, industrial or retail property. The Manager does not generally engage in lending activities that may be subject to the Consumer Credit Code. In the case of development or construction mortgages, the Manager reviews all project feasibilities
and monitors development progress throughout the term. Liquidity Risk A delay in meeting an investor’s withdrawal request is possible where there are a significant number of withdrawal requests received at the same time, which absorb the cash reserves of the Fund and if assets of the Fund are not sufficiently liquid. In certain circumstances the Manager may suspend withdrawals for such periods as it determines.
Refer to the paragraph headed “Liquidity Preservation Rules” on page 27 of the Information Memorandum.
Share Market Risks
The Fund may invest in specialist managed funds which in turn hold income bearing cash investments, long and short term securities (including equity securities and derivatives on securities) which may be quoted on recognised stock exchanges. The value of these investments might decline for reasons including domestic and international economic conditions, changes in government fiscal, monetary and regulatory policies, changes in interest rates, poor performance of equity markets, the rate of inflation or changes in the circumstances of the companies or funds in which the specialist managed funds invest. A return on investments in the Fund or repayment of capital invested in the Fund is not guaranteed.
The Manager mitigates this risk by utilising specialist fund managers to invest the Fund’s assets held in this sector. Each specialist is chosen following an extensive and rigorous research process that examines their investment style, the expertise of their investment team and a range of other factors. The Manager reviews each specialist fund manager’s performance on an ongoing basis, ensuring that they operate within the mandated expectations and guidelines.
Default Procedures in respect to Loans by the Fund
There is a risk that borrowers will fail to honour their obligations to repay the loan (or interest) when it is due or at all. Arrangements are in place to give a borrower a substantial incentive to effect timely
payments, including a lower rate of interest applicable for prompt payment. If a borrower is late in effecting an interest payment or otherwise is in default, appropriate action is taken to protect the interests of investors. A default notice may be issued to the borrower and if not satisfied, the Manager may exercise rights under the loan agreement, such as exercising the power of sale of all property held as security.
Distribution Risk
Distributions to investors depend on the performance of the underlying investments. The Manager is unable to guarantee that investors will receive a return on their investment. The Manager manages distribution risk by investing in a diverse range of investment activities with various terms and projected returns. Investors should note that past performance is not necessarily indicative of future returns.
Borrowing Risk
If the Fund borrows, then reductions in Fund income, increases in interest rates or a refusal of a financier to extend the term of any facility could cause the Fund to default on its loan and the financier
would have first right of recourse to the assets of the Fund. Under the constitution for the Fund there is no limit to which the Manager may borrow against the Fund assets. However, at the date of this Information Memorandum the Fund has no borrowings.
Government Policies
Investment performance may be affected by changes to government policy in relation to taxes, exchange rates, legislative changes, land tax, income tax and other government factors. These factors are generally beyond the control of the Manager.
Now to end this messagethere may be a couple of outstanding questions to answer.
1. AWOL magazine advert. The word guarantee used in that advert refers to the guarantee of no fees and no hidden extras.
2. My certificate of qualificaion and CV. I will gladly email them to anyone who wants them.
Re: Investments and Savings
Paul :
Thanks for holding your hands up and admitting the wording could be ambiguous and providing a detailed clarification on the 'safe & secure'.
I do have cash to invest but faced with redundancy in January 2012 and no sign of future income I need to know my investment is safe and know what the returns will be. However, of course the returns will be minimal with offshore fixed term bonds in the current climate but I will have to cut my cloth accordingly.
Thanks for holding your hands up and admitting the wording could be ambiguous and providing a detailed clarification on the 'safe & secure'.
I do have cash to invest but faced with redundancy in January 2012 and no sign of future income I need to know my investment is safe and know what the returns will be. However, of course the returns will be minimal with offshore fixed term bonds in the current climate but I will have to cut my cloth accordingly.
'If you didn't have a wasted youth you wasted your youth'
Man in pub circa 1987.
Man in pub circa 1987.
-
lindosfan1
- Deceased
- Posts: 4069
- Joined: Wed Mar 05, 2008 1:26 pm
- Location: uk
Re: Investments and Savings
One paragraaph sums it up
The bold type is the important line. No thanks I will stick to lower protected bank investments
.Distributions to investors depend on the performance of the underlying investments. The Manager is unable to guarantee that investors will receive a return on their investment. The Manager manages distribution risk by investing in a diverse range of investment activities with various terms and projected returns. Investors should note that past performance is not necessarily indicative of future returns
The bold type is the important line. No thanks I will stick to lower protected bank investments
Woke up this morning breathing that's a good start to the day.
Re: Investments and Savings
Paul
I now have less faith than ever of a IFA who is ambiguous and possibly untruthful.
As a professional with experience I would expect automatic transparency as is the case in the UK and other regulated countries.
I am sad that you and your popstar friend chose to try to belittle my attempts to demonstrate the risks involved in your product. And even suggesting I did not have enough time and was too dumb to understand and decide there were risks attached not highlighted by you.
You have as usual chosen to reply using cut and paste( from information already linked ) and pick and choose questions to answer rather than proper explanations I would expect from someone with vast experience and knowledge of finance.( answer PET fully and elaborate your qualifications and experience for all). The QROPS thread started to go the same way with questions being ignored when you were challenged..
And no Paul this is not a personal vendetta only due diligence.
I suggest before starting threads and making wild claims you later have to change and retract you try to be honest from the outset.
I would not have even entered into this thread had you not tried to mask the true risk.
This and this reason alone has made me challenge your intent.
I have never tried to knock the product you are selling which may be the best thing since sliced bread. I may live to regret not gambling my money in it.
The final point from me is your advert on eBay http://www.ebay.co.uk/itm/BEST-HIGH-INT ... 791353246.
Basically the same words you must agree ?
Oh and I was surprised to see the only 1 positive feedback for your product came from someone with a popstar user name the same as the OP in this thread. Small world or maybe Yorkshire is full of them
I now have less faith than ever of a IFA who is ambiguous and possibly untruthful.
As a professional with experience I would expect automatic transparency as is the case in the UK and other regulated countries.
I am sad that you and your popstar friend chose to try to belittle my attempts to demonstrate the risks involved in your product. And even suggesting I did not have enough time and was too dumb to understand and decide there were risks attached not highlighted by you.
You have as usual chosen to reply using cut and paste( from information already linked ) and pick and choose questions to answer rather than proper explanations I would expect from someone with vast experience and knowledge of finance.( answer PET fully and elaborate your qualifications and experience for all). The QROPS thread started to go the same way with questions being ignored when you were challenged..
And no Paul this is not a personal vendetta only due diligence.
I suggest before starting threads and making wild claims you later have to change and retract you try to be honest from the outset.
I would not have even entered into this thread had you not tried to mask the true risk.
This and this reason alone has made me challenge your intent.
I have never tried to knock the product you are selling which may be the best thing since sliced bread. I may live to regret not gambling my money in it.
The final point from me is your advert on eBay http://www.ebay.co.uk/itm/BEST-HIGH-INT ... 791353246.
Basically the same words you must agree ?
Oh and I was surprised to see the only 1 positive feedback for your product came from someone with a popstar user name the same as the OP in this thread. Small world or maybe Yorkshire is full of them
no more dePreston
Re: Investments and Savings
Paul - a courtesy thank you for your answer, or part of one anyway. Good luck in the future and next time, especially on a board, try to be more forthright from the beginning. That way you can avoid guys like me and Poosmate.
For our readers who don't already exhibit these qualities please don't rely on forums or boards to help you make investment decisions.....NONE of us has that much money to give away. Ask for licenses, Professional Certifications and lots of facts before you even begin to invest with anyone.
Good luck to all
For our readers who don't already exhibit these qualities please don't rely on forums or boards to help you make investment decisions.....NONE of us has that much money to give away. Ask for licenses, Professional Certifications and lots of facts before you even begin to invest with anyone.
Good luck to all
-
JimmyGreaves
- Legend
- Posts: 2923
- Joined: Mon Oct 17, 2005 5:06 am
- Location: HuaEireHin
Re: Investments and Savings
The ebay advert has quickly gone
eBay http://www.ebay.co.uk/itm/BEST-HIGH-INT ... 0791353246
Full stop removed
eBay http://www.ebay.co.uk/itm/BEST-HIGH-INT ... 0791353246
Full stop removed
Diplomacy is the ability to tell a man to go to hell so that he looks forward to making the trip
Re: Investments and Savings
I would like to try to end this thread by saying I have today received a private message from Paul. The content of which may not exonerate Paul, explains his part in the promotion of this product and also tries to restore his integrity.
I will state again Paul this was never a personal vendetta. I mean no malice and do not wish to upset or offend you only what you were trying to promote.
I would therefore suggest that the private message would be better suited shared with all to allow everyone to see your side fully and be able to judge you more fairly. I will not do this as it must be your decision.
I will state again Paul this was never a personal vendetta. I mean no malice and do not wish to upset or offend you only what you were trying to promote.
I would therefore suggest that the private message would be better suited shared with all to allow everyone to see your side fully and be able to judge you more fairly. I will not do this as it must be your decision.
no more dePreston
Re: Investments and Savings
Which is exactly what would happen to him if he tried advertising his claims in Australia as he has done here. The consumer protection authority would rapidly put him out of business.JimmyGreaves wrote:The ebay advert has quickly gone
eBay http://www.ebay.co.uk/itm/BEST-HIGH-INT ... 0791353246
Full stop removed
The same applies to the misrepresented quotations concerning the Australian Dollar exchange rates. It is false advertising, for which there are severe penalties in Australia.
Maybe he is a frustrated want-a-be politician: cannot answer a question without quoting pages of completely irrelevant garbage.
May you be in heaven half an hour before the devil know`s you`re dead!
Re: Investments and Savings
is there anyone here in hua hun that invested in this LM fund through friends provident international(Isle of Man)
sticks
sticks