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Originally Posted by nzspeak
I can't speak for these particular investment funds. What i'm more concerned about is their 'claimed returns' if they're audited? Also when they mention before taxes - that also doesn't tell much of the story because we all know income from interest sources such as from bonds, are subjected to RWT.
As we live in an environment where fixed interest returns are heading to 0% - i'm hearing far too many (seniors?) that are squirming because they're not getting the returns like they use to. The low rates that the banks offer today makes these people compelled to looking for higher returns elsewhere - without factoring the risk involved. I would say it's the exact opposite of the times when interest rates are very high - the era of SCF and Hanover Finance where many mom & pop and pensioners invested into them thinking the extra 1/2% to 1% more than what the banks were paying, would make all the world of difference.
So they've been scared back to banks and then now, they're going to repeat the same mistakes like a merry-go-round.
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