I don't believe it !

To be financially secure you need to have multiple places of investment. First its an actual asset such as your house. Another may be actual not paper gold. The other is financial a pension. Another may be savings. So if one takes a hit like house price dips, gold goes up. Stock market goes up, gold goes down. See what I mean. I have a pension, a house and some savings. Whichever goes down the other goes up.
 
If someone is offering you 13% return the first question you should ask yourself is why would they be sharing it with you? The only thing that is certain with these investments is you will lose some or all your money. Avoid.

The question you should be asking yourself is am I a gambler or an investor? Bitcoin, high interest bonds etc are gambling and the odds are you will lose. There are only two worthwhile investments; businesses and bricks i.e. equities and property. Those require time and patients. You should be looking to invest over a minimum of five years and ideally much longer. You should also be able to stomach temporary blips e.g. COVID-19, along the way where the value of your investment might drop by as much as 50%. How you behave during those drops will have a huge bearing on your returns. The minimum is to do nothing the other, if you have any spare capital, is to buy more equities.

Invest in a low cost global equity tracker fund e.g. Vanguard, over the long term and the odds are massively in your favour to make a healthy return. Try reading J. L. Collins - The simple path to wealth. It might change your life.....
 
Just a word of warning. Buying an investment that you don’t understand is a mugs game. Get advice from an independent financial advisor and only invest in the same funds they have their own money in.
it doesn’t guarantee you can’t lose money but you also have the regulatory protection.
interestingly property and equity investments go up and down and if you stay invested for long enough you should do very well
 
greg1 said:
Just a word of warning. Buying an investment that you don’t understand is a mugs game. Get advice from an independent financial advisor and only invest in the same funds they have their own money in.
it doesn’t guarantee you can’t lose money but you also have the regulatory protection.
interestingly property and equity investments go up and down and if you stay invested for long enough you should do very well
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Most investments will appreciate in time, but how much time do you need, or have?
 
mjvw said:
Well poor so and so, said "mistakenly " would you ever put a hard drive in the normal waste... check it, then secure wipe or pounce on it with a big hammer.
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when I chuck a failed drive I always do a secure clean with a lump hammer first :D
 
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