If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Canada Life Krefeld Geared Property Fund

makfli · 2014-01-07 16:57:58

Has anyone had the misfortune to invest in the above? Had a letter from CL recently advising a valuation of approx. 2% of total investment.

07-01-2014 4:57pm

#1

makfli

Registered Users, Registered Users 2 Posts: 157 ✭✭

Join Date: January 2007

Posts: 92

Has anyone had the misfortune to invest in the above? Had a letter from CL recently advising a valuation of approx. 2% of total investment.

0

Comments

#2 08-01-2014 12:35am

arrowloopboy

Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭

Join Date: July 2009

Posts: 1064

makfli wrote: »

Has anyone had the misfortune to invest in the above? Had a letter from CL recently advising a valuation of approx. 2% of total investment.

How can well educated,highly paid,so called professionals trade a position down to 2 % ,bet they still got nicely paid to piss your money away,A Ponzi scheme would do better than that:rolleyes:

0
#3 08-01-2014 8:45am

makfli

Registered Users, Registered Users 2 Posts: 157 ✭✭

Join Date: January 2007

Posts: 92

Agreed, but no trading involved . It is a geared retail property fund play. Timing was awful (2006) and the gearing (75%)magnifies the loss.

0