stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Mar 12, 2018 2:37:03 GMT
I am trying to gauge how many people who were in cash ISA accounts believed the ifisa was the same in terms of risk when they transferred.
I have noted many marketing and newspaper articles that can only be described as written to confuse in the last couple of months.
If anyone has come over to dangerous ground and needs the security that is fscs or a cash account now could be a time to go back to your cash isa.
The air of respectability that fca authorisation and IFISA authorisation bring are illusory. You can still lose money in both by choosing the wrong investments. If you do not know how to do due dilligence then please learn or go and put your money on a nag you think can win in the 3:30 at Cheltenham. It's the same thing.
Isa account openings have provided an out for a large amount of cash this year from p2p as early adopters sell up and move to the next thing. The coll event and the defaults ramping up at many platforms are probably making newer investors wish they were out.
P2p needs IFISA investments in order to grow. I hope it gets sufficient but not the inexperienced people who do not fully understand the risks, and how to mitigate for them, even though it's plastered everywhere on platforms now.
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