Sorry if I've got the wrong board. Not entirely sure.
https://www.bbc.co.uk/news/uk-england-47454328
I hasten to add I am not suggesting that anyone caught up in this firm was or is foolish. It does seem to suggest though that there's always an inherent risk with investment planning.
I would suggest, quite humbly given the personal pain some are experiencing, that the first rule of any investment strategy has to be one of capital preservation?
AiY
Is this a warning? (£236m collapse of London Capital & Finance)
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- Lemon Half
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- Lemon Quarter
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Re: Is this a warning? (£236m collapse of London Capital & Finance)
That is rather vague blogging, both in the title and posting a bald link with no explanation
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- Lemon Half
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Re: Is this a warning? (£236m collapse of London Capital & Finance)
It is about the collapse of London Capital & Finance, which many consider to be nothing short of a £236m scam.
I have crossposted to the under-used Catastrophe Corner, and I fully agree with the OP's sentiment on this.
https://www.lemonfool.co.uk/viewforum.php?f=75
regards, dspp
I have crossposted to the under-used Catastrophe Corner, and I fully agree with the OP's sentiment on this.
https://www.lemonfool.co.uk/viewforum.php?f=75
regards, dspp
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- Lemon Half
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Re: Is this a warning? (£236m collapse of London Capital & Finance)
It was posted earlier today at Bank Accounts Savings & ISAs:
https://www.lemonfool.co.uk/viewtopic.php?f=11&t=16667
https://www.lemonfool.co.uk/viewtopic.php?f=11&t=16667
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- Lemon Half
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Re: Is this a warning? (£236m collapse of London Capital & Finance)
Investors were being offered cash ISAs with interest rates much higher than Banks and Building Societies. You use a cash ISA with the intention of capital preservation.AsleepInYorkshire wrote: I would suggest, quite humbly given the personal pain some are experiencing, that the first rule of any investment strategy has to be one of capital preservation?
The scheme looks basically fraudulent and on the face of it, the system of investor protection as policed by the FSA has failed. Perhaps the FSA will be able to take retrospective action against those who promoted and approved the advertisements.
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- Lemon Quarter
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Re: Is this a warning? (£236m collapse of London Capital & Finance)
Moderator Message:
For the sake of tidiness please can we concentrate the discussion here? Thanks. - Chris
For the sake of tidiness please can we concentrate the discussion here? Thanks. - Chris