It transpired that no matter what type of investment I requested (Income, growth, 5 years, 7 year, 9 years) I was offered the same provider (whose company name sounded good but I know is not).
All of the investments were offering me guaranteed capital with high rates of returns, which are not possible in my opinion. They all offered NO access during the term and I wouldn’t be 100% sure the company would still be around at the end of the term.
I put my email details and phone number to request personal information – I now find myself getting several calls per week and at least one email a day from this company
What I would always urge anyone to do is always get a second opinion on anything that is advertised especially through social media. When I asked the friend who had supposedly ‘liked’ the page about this they had never even heard of the comparison website.
What are available for Ex-Pats living in Spain are the Spanish Compliant Bonds that can offer security as well as a very good rate of return and can cater for all risk profiles from the Cautious Investor to the more speculative risk taker.
These can be very tax efficient and offer an excellent vehicle for clients wanting to take regular income or if you just want to let your investments grow over time.
by Keith Littlewood, International Financial Adviser in the Costa Blanca
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
Lehman Brothers filed for bankruptcy on 15 September 2008. With $639 billion in assets and $619 billion in debt. Their bankruptcy filing was the largest in history and prompted an immediate fall in the FTSE 100 of 4%. It was the beginning of a slump that by Christmas of 2008 had resulted in 23% being wiped off the value of Britain’s top 100 companies. As a stock market crash, it ranks alongside the dotcom bubble and the shock of 1987. However, while living standards have flat-lined since that date, the stock market revival has been spectacular. Many investors were, however, spooked by the financial crisis of 2008 and liquidated their investment portfolios. Unfortunately as shown below – they lost out on the bull run of the next 10 years.