Post by mjc on Jul 16, 2018 7:30:20 GMT
Rather worrying. For you and all of us. Do share the explanation from FS with us all.
If the losses have not virtually wiped out your gains (and you are / were reasonably diversified) then that is a frightening lesson to everyone. If it is not what it appears, FS should give a much clearer indication of individual and platform performance. No smoke without fire, I suspect the real return may be dire.
Wake up FCA, we need regulation to ENSURE platforms don’t obscure bad performance by obfuscation.
However it is possible the figures refer to 2017/8 and include losses from the previous year, so the need for a running real return % figure. C2F give return % for ‘you’ and platform average.
Be interesting to know how may £k/months you have. ie £100k for 6 months or £25k for 48m giving £5k interest is about 10% return before losses.
If the losses have not virtually wiped out your gains (and you are / were reasonably diversified) then that is a frightening lesson to everyone. If it is not what it appears, FS should give a much clearer indication of individual and platform performance. No smoke without fire, I suspect the real return may be dire.
Wake up FCA, we need regulation to ENSURE platforms don’t obscure bad performance by obfuscation.
However it is possible the figures refer to 2017/8 and include losses from the previous year, so the need for a running real return % figure. C2F give return % for ‘you’ and platform average.
Be interesting to know how may £k/months you have. ie £100k for 6 months or £25k for 48m giving £5k interest is about 10% return before losses.
