A safe investment?

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  • #145460
    Anonymous User
    Participant

    There are so many brokers and property development investments and all when researched have red flags flying it makes me wonder if there is any honesty left in the world. Be nice to receive something genuine from you guys.

    #145461
    Good Money Guide
    Keymaster

    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.

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