Reply to: Another outstanding Brexiter MP ex-army veteran

[Zigenare]

Well they were clearly gullible and a bit stupid, so probably one of your lot. They believed the headlines that pandered to their desires, but didn't dig deeper to find out what it really meant.

Ohhh, that's not very Christian!

[NotAllThere]

"Investing in bonds means your capital is at risk and payments are not guaranteed if borrowers default."

It was on the literature.

Btw, did the "victims" vote "Leave" or "Remain"?

Scooty, can we have a graph please?

Well they were clearly gullible and a bit stupid, so probably one of your lot. They believed the headlines that pandered to their desires, but didn't dig deeper to find out what it really meant.

[Zigenare]

London Capital & Finance: GBP236m firm collapses - BBC News

Thousands of people who invested in a high-risk bond scheme marketed as a "Fixed Rate ISA".

"Investing in bonds means your capital is at risk and payments are not guaranteed if borrowers default."

It was on the literature.

Btw, did the "victims" vote "Leave" or "Remain"?

Scooty, can we have a graph please?

[Yorkie62]

You're still blaming the victims buddy. The marketing called it a fixed rate ISA. They claimed it was FCA approved.

If a girl went out clubbing with a short skirt on and was attacked, would you also blame her as the victim?

Try taking politics out of this, the fact it's a Tory MP, and look at it factually. Maybe then you'll stop defending the guilty and have some compassion for the victims who have lost their life savings.

I wasnt defending anyone. I was merely pointing out the bleeding obvious when making any financial investment.

Do you also think that the pension companies should be prosecuted for charging extortionate management fees on pension funds for pretty well doing sweet fa.

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[Zigenare]

So you ignored the bit where people thought they were investing in a fixed rate ISA?

What people "think" after the event is immaterial, they'll make up all sorts of crap to justify their actions after things turn to rattulip!

"Capital At Risk" <-- You'll see that on fixed rate ISA's too. Just saying.

[BR14]

Yes ignore that.

...and the other bits that might challenge/offend the Wailers.

wot, taking away their ganja???

[Whorty]

By 'us' I meant those that contribute to this forum, i.e. the royal 'we' or 'us' in this case.

If the company did indeed break FCA rule then they and those running the business should get their comeuppance. However, at the end of the day the old saying still rings true. "If a deal is too good to be true then it probably is". The investors may, with the benefit of hindsight, been lied to, but when making any financial investment you must do your own due diligence. Nobody else is going to do it for you. "A fool and his/her money is easily parted".

Analogy, Buying a house is probably the largest financial investment most people will make. We all know house prices can go down as well as up (we just assume that they will forever go up) You wouldn't buy a house without first having a survey performed on that property would you. The Financial institutions you borrow money off to purchase the house will insist on one. We perform due diligence when buying a house , or even a car, when not when handing your well earned wedge over to someone else to manage. Its why I moved my pension out of the hands of L&G. they were charging me 2 months contributions to manage the fund.

You're still blaming the victims buddy. The marketing called it a fixed rate ISA. They claimed it was FCA approved.

If a girl went out clubbing with a short skirt on and was attacked, would you also blame her as the victim?

Try taking politics out of this, the fact it's a Tory MP, and look at it factually. Maybe then you'll stop defending the guilty and have some compassion for the victims who have lost their life savings.

[BrilloPad]

doing loads of cycling which I enjoy.

You should try a nice ride through the Surrey Hills. Like my brother is doing Richard Neil is fundraising for Samaritans .

For each £1 donated he will drop a gel wrapper outside WTFH's house......

[Whorty]

I've read the story - try avoid being a taunt for at least one day in your miserable life. There's no doubt that there was criminal intent. How much was the MP involved with that side of the business?

I never said the MP was involved. i was responding to your dickhead comment that the investors should have known better even though they were blatantly lied to and broke FCA rules. If you really have read the article and still blame the investors then you really need to get some help fella.

As for me being miserable ha ha, couldn't be further from the truth fella. Currently (by choice) on the bench and doing loads of cycling which I enjoy. Just sold some land for a 6 figure sum and war chest could last me 15 years even if I didn't work again. What's to be miserable about

Oh yeah, and I get to read the dumb fook posts of brexiters on here. That is the icing on the cake for me

[BrilloPad]

By 'us' I meant those that contribute to this forum, i.e. the royal 'we' or 'us' in this case.

If the company did indeed break FCA rule then they and those running the business should get their comeuppance. However, at the end of the day the old saying still rings true. "If a deal is too good to be true then it probably is". The investors may, with the benefit of hindsight, been lied to, but when making any financial investment you must do your own due diligence. Nobody else is going to do it for you. "A fool and his/her money is easily parted".

Analogy, Buying a house is probably the largest financial investment most people will make. We all know house prices can go down as well as up (we just assume that they will forever go up) You wouldn't buy a house without first having a survey performed on that property would you. The Financial institutions you borrow money off to purchase the house will insist on one. We perform due diligence when buying a house , or even a car, when not when handing your well earned wedge over to someone else to manage. Its why I moved my pension out of the hands of L&G. they were charging me 2 months contributions to manage the fund.

When something is FCA approved it should mean something

In fact, I will only accept an FCA approved Brexit!

[WTFH]

So you ignored the bit where people thought they were investing in a fixed rate ISA?

Yes ignore that.

...and the other bits that might challenge/offend the Wailers.

[Yorkie62]

Yeah, yeah, it's the victim's fault for being lied to and not the company that paid £60m to a PR firm to run a dodgy marketing campaign that broke FCA rules on what the company could sell.

As for "most of us administer our own pensions" ... really? You seriously believe most people in the UK run their own pensions and hence "know all this stuff"? 17.4m believe the tosh on the side of a bus, that's how well educated and knowledgeable the UK populace is

By 'us' I meant those that contribute to this forum, i.e. the royal 'we' or 'us' in this case.

If the company did indeed break FCA rule then they and those running the business should get their comeuppance. However, at the end of the day the old saying still rings true. "If a deal is too good to be true then it probably is". The investors may, with the benefit of hindsight, been lied to, but when making any financial investment you must do your own due diligence. Nobody else is going to do it for you. "A fool and his/her money is easily parted".

Analogy, Buying a house is probably the largest financial investment most people will make. We all know house prices can go down as well as up (we just assume that they will forever go up) You wouldn't buy a house without first having a survey performed on that property would you. The Financial institutions you borrow money off to purchase the house will insist on one. We perform due diligence when buying a house , or even a car, when not when handing your well earned wedge over to someone else to manage. Its why I moved my pension out of the hands of L&G. they were charging me 2 months contributions to manage the fund.

[BrilloPad]

I've read the story - try avoid being a taunt for at least one day in your miserable life. There's no doubt that there was criminal intent. How much was the MP involved with that side of the business?

So you ignored the bit where people thought they were investing in a fixed rate ISA?

[Zigenare]

Nah, I'm with Ziggy. I blame those who were lied to and mis-sold and not the thieving companies who took their money. Like Ziggy, I'm not going to bother reading the story, but will base my view on my own perception of reality and not on what really went on

I've read the story - try avoid being a taunt for at least one day in your miserable life. There's no doubt that there was criminal intent. How much was the MP involved with that side of the business?

[Whorty]

Did these word not mean anything to anybody investing. Anything after that is down to the individuals own appetite for risk and their risk profile. Did they not take independent financial advice before investing? Come on guys we all know this stuff. Most of us administer our own pensions (PIPs) for gawds sake

Yeah, yeah, it's the victim's fault for being lied to and not the company that paid £60m to a PR firm to run a dodgy marketing campaign that broke FCA rules on what the company could sell.

As for "most of us administer our own pensions" ... really? You seriously believe most people in the UK run their own pensions and hence "know all this stuff"? 17.4m believe the tosh on the side of a bus, that's how well educated and knowledgeable the UK populace is