Investment Cons and Misleading Deals

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