I’m afraid there are no truly safe investments!
The more money you have the more you fall outside the protection of the FSCS and FCA, but there are a few things you can do to minimise risk.
1. IF it sounds to good to be true it probably is.
2. Always do your research and read trusted reviews on a provider. If there are not any, that is a red flag in itself. Or if reviews are overally positive that could be a red flag too.
3. Check the FCA register to ensure a broker is regulated in the UK.
4. Never trust anything you see on social media
And the most important thing to do is “ASK” if you have a portfolio of investments, you should be able to engage a qualified wealth manager to give you an expert opinion based on your exact circumstances.
Or give us the name of the firms you are thinking of and we’ll take a look.
If you are looking for investing ideas, we frequently cover interesting stocks in our analysis section.
