Investment Bonds - ant tips??

johnjohnjohn


Joined: 12/06/2009
Posts: 2

Message Posted:
12/06/2009 20:48

Hi people, sorry i am new to this and new to Kyrenia. Are there any financial advisors or investment brokers around? im looking for a guaranteed product and would be interested to see whats on offer - i currently have an offer of 14.5% p/a on Euros if the FTSE goes up 1 point in 3 years from someone i trust, but i just thought id see if there were any other offers out there??

Thanks all,



John

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
12/06/2009 21:16

click on the banking link at bottom of page , you can get 20%,, in trnc .

johnjohnjohn


Joined: 12/06/2009
Posts: 2

Message Posted:
13/06/2009 19:08

Hi Rowlo.



Want to keep my money in € due to lira depreciating. many thanks though, my final aim is to live in europe so would like to keep my nestegg in euros for this reason.



John

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
13/06/2009 19:24

There is no such thing as a 100% guaranteed product, I suggest you very carefully read the Key Facts literature. You are obviously talking about what is known as a Structured Product, these are offered by many companies but the so called guarantee is provided by what is known as the counterparty, if the counterparty goes bust as in the case of Lehman Brothers you will lose your money.

mikemans


Joined: 12/04/2009
Posts: 103

Message Posted:
14/06/2009 15:57

As an IFA regulated by the FSA in the UK, my advice is that if it sounds to goog to be true, it usually is. I would suugest you keep your investment offshore for maximum growth potential and tax breaks. The old rule of buyer beware always exists and the financial services sector off shore from the Uk is rife with with con men. If you are UK rewsident you are still subject to UK tax laws and any gains off shore should be declared on your annual returns. Investing in TRNC does hold a risk, even the HSBC you see advertised in TRNC is not part of the UK group and is not subject to UK compensation rules if they go beely up. Use a regulated IFA in the UK, structured products can be good and many offer protected capital but read the small print as some are only protected provided they do not breach certain barriers. I doubt very much if you can get a guaranteed 14% from any reliable investment that does not have a high risk or is subject to high inflation such as what they have in TRNC, 20%

mikemans


Joined: 12/04/2009
Posts: 103

Message Posted:
14/06/2009 16:09

inflation destroys the investment on conversion. I have invested a few thousand pound in Cyprus on the basis that the interest received pays my bills. For serious investment that will always be available I use alternative off shore facilities that offer controlled regulation and financial protection of my investment.



If you are being advised on investment, check the commission the agent is receiving, this can be as much as 7% and remember this comes out of your capital usually upfront so your investment has to work very hard in the first year just to stand still. The best IFA's offer investment advice based on an hourly fee rate, this way you know you are being advised without the seller trying to maximise his commission.



UK ISA investment carries with it the tax breaks, so you can use up your annual allowance on this as a useful investment vehicle, with kind regardfs.



Michael