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Sharewatch

  • 20-11-2013 9:49am
    #1
    shawnee
    Registered Users, Registered Users 2 Posts: 1,830 ✭✭✭


    Anyone received a contact from Sharewatch recently regarding accounts that are not being used and being charged a non use fee. They are contacting these accounts and advising users of the charge and offering to trade the accounts on users behalf. Any views :confused:


Comments

  • #2
    Value Hunter
    Closed Accounts Posts: 337 ✭✭Value Hunter


    shawnee wrote: »
    Anyone received a contact from Sharewatch recently regarding accounts that are not being used and being charged a non use fee. They are contacting these accounts and advising users of the charge and offering to trade the accounts on users behalf. Any views :confused:


    AVOID


  • #3
    shawnee
    Registered Users, Registered Users 2 Posts: 1,830 ✭✭✭shawnee


    Value Hunter wrote: »
    AVOID

    Can you explain why , I would appreciate views on this. :confused:


  • #4
    gordongekko
    Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    shawnee wrote: »
    Can you explain why , I would appreciate views on this. :confused:

    if you gave a kid €100 in a sweet shop and told them to help themselves. How much change would you get back?


  • #5
    Value Hunter
    Closed Accounts Posts: 337 ✭✭Value Hunter


    shawnee wrote: »
    Can you explain why , I would appreciate views on this. :confused:

    There can be conflicts of interest, and financial companies will always look after themselves before you.

    Take the example of Salomon Brothers from the 'Liars poker' book. The jist of it was that Salomen bought a load of bonds/shares which turned out to be a dog, to save themselves they resold them onto their own customer, by bigging them up as being a great investment.

    You don't want your account being used to cover someones losses.


  • #6
    shawnee
    Registered Users, Registered Users 2 Posts: 1,830 ✭✭✭shawnee


    yeah makes sense alright , thanks for the advice.


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