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question about investing money

  • 19-02-2014 9:26pm
    #1
    kilkeely
    Registered Users, Registered Users 2 Posts: 3 ✭


    we are thinking about investing a sum of money in standard life's global absolute return strategies fund. we were looking at this as it has capital security and were wondering if anyone has any experience with this policy or a similar type of policy.


Comments

  • #2
    Thronegames
    Registered Users, Registered Users 2 Posts: 83 ✭✭Thronegames


    Hi the only thing I can advise here is to make sure your capital is guaranteed.
    Rule number one is don't lose money. I am an expert at losing money. but I have learned a bit.


  • #3
    Browney7
    Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    kilkeely wrote: »
    we are thinking about investing a sum of money in standard life's global absolute return strategies fund. we were looking at this as it has capital security and were wondering if anyone has any experience with this policy or a similar type of policy.

    I assume you are buying this through a broker? I'm curious as to how you think it has Capital security as GARS has no such capital security attached. It's a unit linked fund and the price you cash out at can be less than the price you buy at. As it says on their factsheet "The value of investments within the fund can fall as well as rise and is not guaranteed - you may get back less than you pay in"


  • #4
    arrowloopboy
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭arrowloopboy


    What % of your money would you be willing to lose ?,Is this for capital preservation,or would you like to try and make a decent return ,10% or their abouts ?In the current cclimate of extremely low intrest rates and high cgt,you can't expect a reasonable return if your taking 0 risk.


  • #5
    kilkeely
    Registered Users, Registered Users 2 Posts: 3 ✭kilkeely


    yes this was a broker that was recommending this and said it was capital guareented and it was aiming for a 5% return per year over three years but then again he was trying to sell it. we were also recommended an irish life policy which would spread over low risk markets with a certain amount secured. has anyone have any experience with this type of policy. this was recommended by an financial advisor in AIB.


  • #6
    arrowloopboy
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭arrowloopboy


    kilkeely wrote: »
    yes this was a broker that was recommending this and said it was capital guareented and it was aiming for a 5% return per year over three years but then again he was trying to sell it. we were also recommended an irish life policy which would spread over low risk markets with a certain amount secured. has anyone have any experience with this type of policy. this was recommended by an financial advisor in AIB.

    Be very very carefull buying anything from a bank salesman or believing anything they tell you.


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  • #7
    Browney7
    Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    kilkeely wrote: »
    yes this was a broker that was recommending this and said it was capital guareented and it was aiming for a 5% return per year over three years but then again he was trying to sell it. we were also recommended an irish life policy which would spread over low risk markets with a certain amount secured. has anyone have any experience with this type of policy. this was recommended by an financial advisor in AIB.
    Run a mile from that broker. The fund aims to have lower volatility and risk and does "aim" for cash plus 5% and is a good fund but it is not capital secure. That was a bare faced lie. Just because the fund aims to get cash plus 5 doesn't mean it is guaranteed to get cash plus 5%.

    Aib can only sell Irish life products. What you've described sounds a bit like the protected Consensus fund. If you are looking for capital security savings bonds from An Post are your best bet. If you are happy with a medium level of risk a fund like GARS wouldn't be a bad bet (Its has a good record but a rising tide lifts all boats) but you'd need to look at the charges that the broker is offering you. There is billions invested in GARS


  • #8
    Scobyone
    Registered Users, Registered Users 2 Posts: 23 ✭Scobyone


    I have been tracking this gars fund for the last four years as a friend of mine is invested in it. It has a facility where you can take up to 5% in monthly payments from the growth with small charges. My pal raves about it and he is a little bit conservative. He reckons it performs well in recession but he might diversify if the economy picks up. He says he has been well above the 5% target every year. Volatility over the last four years has been very low and it's an upward trend.


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