ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167 
Likes: 4,857
|
Post by ozboy on Aug 2, 2023 17:06:36 GMT
Until council officers are held responsible for their actions when managing the public purse, nothing will change. I've said it before, from lack of control of contractors to excessive sick pay policy and everything in between, this is one of the reasons we have a poor and expensive service in most areas. Correct. There is NO responsibility, never is.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Aug 1, 2023 15:39:10 GMT
I've finally binned NS&I today, too much bad luck getting consistently derisory winnings so I pulled the full £50K. There are FAR better homes for this wedge where it will actually be doing some "work" for me ............  Should you have waited till tomorrow, just in case you won a smaller prize perhaps, or does one only have to have the fund in by the 1st of the month?. Mrs Aju tends to get 150-250 a month on her 50K. I pulled my 50k a while back leaving the marker £25. I passed a lot to Mrs Aju for tax reasons and put rest into various other products that got better rates as you say. Recently we moved considerable funds into VirginMoney ISA's - spread over 2 tax periods to simplify our tax stuff now that Mrs Aju is a tax player since becoming an NSP receiver earlier this year. All that said I get your sentiments as in my case never really got that much myself a couple of years or so back No idea about timing aju, I vaguely recall it's always best to cash out first day of the new month? Anyways, I'm impulsive and got totally fed up. There are definitely Lucky Bonds and Unlucky ones IMHO. My very first wedge, around £20K about 30 years ago was always winning decent prizes but I had to cash out for something else. I have been in and out of Premium Bonds ever since but never been anywhere near as lucky as that very first batch. It is often said that if you think your lot is "bad" then cash out and buy back in and get a completelly fresh lot, although you of course are not in the draw for your first "new" month.. I have also often read that it is impossible for a computer to be truly random, which would possibly/partly explain "bad" Premium Bonds? There are a few on here with brains the size of a planet when it comes to maths/algorithms/permutations & computations/etc/etc (looking at YOU Dolt!  ) so I'm sure I'll be corrected if my observation is incorrect and/or misleading. 
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Aug 1, 2023 14:02:29 GMT
I've finally binned NS&I today, too much bad luck getting consistently derisory winnings so I pulled the full £50K. There are FAR better homes for this wedge where it will actually be doing some "work" for me ............ |
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 31, 2023 19:07:42 GMT
FCA - "Lessons have been learned."  |
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 29, 2023 10:02:20 GMT
CORRECT! From experience, they would have learned, and would employ, far too many profit enhancing, errrrr, "wrinkles". From my 5.5 years of investing in P2P I have learned many things. Not all good. From my experience I have learned that my P2P portfolio has outperformed my global S&S trackers and has been far less volatile. It's also provided me with consistent liquidity for my needs. Not something that I expected at the outset, and possibly due to good fortune in avoiding the worst of the earlier scam and incompetent platforms. I see the frequency of these rogue platforms reducing and the number of platforms proving that they can provide consistently good returns for their investors and themselves increasing. From my experience, yes, everything is just fine & dandy, until the P2P Platform hits rough seas. Then their priorities very swiftly change, and both the Law and the FCA "assist" them in fleecing Lenders to the bone. And, being P2P, there is NOTHING you can do about it. I wouldn't touch P2P with a bargepole for this reason, and haven't for five years or so.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 29, 2023 9:47:16 GMT
I'm not the sharpest tool in the box. does that mean that Faithful still "earned" and keeps c£3.5 Million from his criminal activities?!
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 28, 2023 18:39:16 GMT
Any thoughts on this Green Lithium investment: www.seedrs.com/green-lithium/sections/investors. I'm aware of the general advantages and pitfalls of investing in startups through EIS, and in using Seedrs. I'm more interested in thoughts about the company and its likely success, or hearing from anyone who has decided for or against investing. greenlithium.co.uk/CORRECT! From experience, they would have learned, and would employ, far too many profit enhancing, errrrr, "wrinkles".
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 27, 2023 20:38:17 GMT
FCA MUST be forced to account for its ineptitude and (non)actions regarding Collateral.
Keep pestering your MP folks!
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 27, 2023 13:02:11 GMT
"It's such a pity that the FCA are so ineffective at protecting investors"
More Grossly Incompetent, and Arrogant with it I would say.
MPs and The Teasury Committee MUST be educated about this, and we need to hammer it home to them. Constantly.
Or NOTHING will change.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 27, 2023 12:05:39 GMT
When I was in the game there were perennial internal arguments discussions as whether to advise clients to Pension/AVC/FSAVC or ISA (previously PEPs). It should always be based on a client's individual circumstances anyway. They both have tax advantages, albeit via different approaches, and for some clients the choice was easy & obvious.. If we are talking "Investing" an annual amount of up to £20,000 (currently) I usually lumped for ISA/PEP because of ease of "administration"/lack of "red tape", and also mainly liquidity. Consider both of course if your swag is big enough! A BIG consideration, definitely if yer a certain age, is to strongly look at what happens to the pot if it's still in the Pension/ISA/PEP when you croak. This is most definitely NOT OzBoy Financial Advice, do your own Due Diligence and formulate your own Decisions, I am just relating my own experience. |
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 26, 2023 19:23:28 GMT
Criminal investigations would surely shine a light on the failings of the FCA, that explains a lot. Correct. Which is almost certainly why NOTHING is happening, nor will happen. Great System, innit? And an even greater "Service" from the Organisation whose remit is to "Protect Financial Consumers"! Complain to the FCA and Contact your MP.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 25, 2023 21:37:29 GMT
I got yet another email this morning saying: We are writing to provide an update in relation to your complaint about the FCA in respect of FundingSecure LTD.
The investigation into your complaint is ongoing but we will be in touch as soon as we have reached a conclusion, or in 4 weeks time to provide a further update, whichever is sooner.
Should I now expect a final email very soon that says what you've written above ?  You should have already had it couple of months ago. The FCA informed complainants that their investigation into FS was complete and they could now investigation complaints that were previously deferred due to the enforcement investigation. The outcome of the investigation is unknown but the fact that they can proceed with complaints without fear of prejudicing any criminal action indicates that they havent come up with sufficient grounds to prosecute. Unfortunately I doubt it meets the SFO criteria. My view is that the FCA didn't even try. Both the FCA and Vested Interests have a, errrr, vested interest, in keeping information, complicity and dirty linen well away from prying public eyes. I mean, Reputations are at stake!
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 25, 2023 21:06:01 GMT
It also seems that the FCA may have closed the Case on Funding Secure and are not, errrr, pursuing any avenues?Now, given there appears to have been several very clearcut cases of Fraud, why would the FCA not pursue? One can but wonder why, surely the FCA handled the whole FS saga professionally and competently, from beginning to end?  Doesn't the FCA exist to uphold and pursue Consumers Interests? So, what to do? I am not at all well vested in such things, but I figure A GOOD START might be if any Dear Readers on here are related to, or on very good terms with, Someone High Up In The Police Force, we just might be able to get a Serious Fraud Investigation kicked off? Or just watch as one or more people walk off with your money, scot free, laughing at you? I got yet another email this morning saying: We are writing to provide an update in relation to your complaint about the FCA in respect of FundingSecure LTD.
The investigation into your complaint is ongoing but we will be in touch as soon as we have reached a conclusion, or in 4 weeks time to provide a further update, whichever is sooner.
Should I now expect a final email very soon that says what you've written above ? Two different things here? 1/ The FCA investigating Funding Secure, for fraudulent activity, amongst other things. and 2/ The FCA investigating your Complaint regarding Funding Secure about, whatever it was your Complaint was about. Perhaps your Complaint was about the way the FCA, errrrr, "handled", and were, errrr, "involved", in the Funding Secure fiasco disaster? I know mine was.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 25, 2023 19:48:47 GMT
It also seems that the FCA may have closed the Case on Funding Secure and are not, errrr, pursuing any avenues? Now, given there appears to have been several very clearcut cases of Fraud, why would the FCA not pursue? One can but wonder why, surely the FCA handled the whole FS saga professionally and competently, from beginning to end? Doesn't the FCA exist to uphold and pursue Consumers Interests? So, what to do? I am not at all well vested in such things, but I figure A GOOD START might be if any Dear Readers on here are related to, or on very good terms with, Someone High Up In The Police Force, we just might be able to get a Serious Fraud Investigation kicked off? Or just watch as one or more people walk off with your money, scot free, laughing at you? |
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,167
Likes: 4,857
|
Post by ozboy on Jul 23, 2023 9:21:32 GMT
Tactically with a general election just around the corner is a good time to attempt to push things along and highlight failings both by the government agency and by the previous man in charge of the FCA who risks being accused of being asleep at his post." ............ who risks being accused of being asleep at his post."Love it! He wasn't even asleep, he was at lunch!
|
|
) so I'm sure I'll be corrected if my observation is incorrect and/or misleading. 
