The Investment Club Network (TICN)

nyh01

Has anyone here been involved in TICN or have any views on TICN

dunkamania

Check out the Investment forum (also in BIZ)
There were previous threads on it.
The general consensus was negative.
The courses they provide are expensive and apparently TICN are entitled
to a share in your club's portfolio.(not sure about the last bit.)
I was considering doing it myself until I read the other thread.

ssl

hey. im in a ticn club.. i bitch about them cos the course is 1300. but you can write it off against your tax bill on your profit from your shares. ticn take 5% of club profits but there always there for support, a ticn guy attends your first 12 meeting to get ye started, and you can attend the weekly online web shops which looks at what shares are good.

its a great starter for a nubie at shares.

SerialComplaint

ssl wrote: »

but you can write it off against your tax bill on your profit from your shares.

ARe you talking about income tax or CGT here? Do you have agreement from Revenue to this as a chargeable expense?

ssl

CGT from the shares. i havent needed to use it yet so im only going on the word or TICN, which must be true...

quick call to revenue would clear it up.

Hitchhiker's Guide to...

moved to investments.

SerialComplaint

ssl wrote: »

im only going on the word or TICN, which must be true...

They would say that, wouldn't they? I wouldn't rely on this unless they have documentation from Revenue to confirm this.

ssl

well when i was self employed as a forestry wroker i was able to write off the cost of training courses i did. i recon this would be the same. your right tho, contact the revene.

p.s. looking at doing some spreadbetting with delta index. anyone have any views on them?

Homer

TICN definitely do not take 5% of club profits. They do take a small amount each month from the groups overall contributions which if memory serves me is 150 euro each month for the running of TICN activities and to assist in providing a mentor for each club.
So providing you have 19 members payin 100 a month = 1900 euro, if TICN takes 150 of that each month it is certainly not 5% and definitely not 5% of the clubs overall portfolio!
I am a member of a club for nearly a year now but by no means an expert or an authority on TICN.
I have found the environment of the club very helpful and the input of all the different members we have helps me greatly in my personal portfolio.
I have nothing negative to say about them whatsoever Yes the course is expensive but it shows you are serious and my first goal in trading is to make back my money I paid for the course and onwards from there!

xebec

industria wrote: »

TICN definitely do not take 5% of club profits. They do take a small amount each month from the groups overall contributions which if memory serves me is 150 euro each month for the running of TICN activities and to assist in providing a mentor for each club.
So providing you have 19 members payin 100 a month = 1900 euro, if TICN takes 150 of that each month it is certainly not 5%

Sorry to rain on your parade, and maybe this isn't exactly what you meant, but some simple maths:

150/1900 = .079 or roughly 7.9% which is a bit more than 5%.

Homer

Sorry yes I should have clarified when I said it wasn't 5% I meant it is slightly higher than that but is definitely not a % of the clubs profits.. Sorry!

billyboyle

nyh01 wrote: »

Has anyone here been involved in TICN or have any views on TICN

They are not very good.They invest in property and rent it out to undesirables that cannot be accommodated any where else

dunkamania

It being nearly Halloween, an outbreak of zombie threads seems fitting

http://img509.imageshack.us/img509/102/threadnecromancyns1nf0.jpg


Was not aware TICN were involved with property

billyboyle

nyh01 wrote: »

Has anyone here been involved in TICN or have any views on TICN

They are run by a man who rents properties to undesirables.

mikkimak

BillyBoyle - do you live next door to a house owned by someone in TICN which is rented out to someone you do not like ? Undesirables ???? What does that mean ?
We are members of a local TICN club and have met the guy who runs it. He is very straight. The company has no property interests - they just do training for people interested in learning how to trade safely and become financially free. We recommend their training.

SerialComplaint

mikkimak wrote: »

BillyBoyle - do you live next door to a house owned by someone in TICN which is rented out to someone you do not like ? Undesirables ???? What does that mean ?
We are members of a local TICN club and have met the guy who runs it. He is very straight. The company has no property interests - they just do training for people interested in learning how to trade safely and become financially free. We recommend their training.

Mmmm 2 out of 3 posts recommending TICN - isn't it a small world all the same?

billyboyle

Maybe your local TICN man is straight but the CEO of TICN is as straight as a hairpin bend.He is the one who rents property to undesirables and his mortgages for these properties are paid for by the HSE.I am sending you a couple of links so please read them as these are HIS tenants causing so much grief to innocent people.These people are the talk of the whole town of Ballymote and have ruined it.The people of Ballymote are just waiting for something bad to happen to TICN!!!!


http://www.sligochampion.ie/news/intimidated-residents-moved-out-2821394.html



http://www.sligotoday.ie/details.php?id=15340

IRL-Tony

Are TICN still in existence?