Bernie Madoff, Charles Ponzi and ‘The Wolf Of Wall Street’ are names to send shivers down the spine of the most seasoned investor
Discover how they stole billions and learn how to protect yourself from Investment Fraud
The FCA says investment scams can look and sound believable, making it hard to tell them apart from genuine investment opportunities. But there are ways to spot and avoid them, as you can see revealed on the FCA Website.
What Is Investment Fraud?
Often known as Stock Fraud or Securities Fraud, Investment Fraud a form of white-collar crime in which a person or company, such as a stockbroker, brokerage firm, company or investment bank misrepresents information that investors use to make decisions.
Arguably, these are history’s Top 10 Financial Fraudsters (half way down the page). Whilst thousands of people lost billions, it serves as a great lesson for every cash and SIPP investor to understand the different types of investment fraud.
Below is a very interesting graphic which is worth studying in detail.
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AJ Bell Is Often The Best Value SIPP For Stockmarket Assets
Over time, charges can wipe out a huge part of your fund. We like AJ Bell because there are no set-up costs. If you hold passive funds, which is our preference, or shares, investment trusts, EFTs, gilts or bonds, you pay one small fixed fee no matter how large your fund. And when you come to draw your benefits either as occasional drawdown or UFPLS payments, there's a small charge for the whole year no matter how many times you access your money (many SIPP and SSAS providers charge more than this for each payment). However, you should always compare charges in detail, because AJ Bell could be more expensive than other providers, depending on the type of stockmarket assets you hold.
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As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from Unbiased.co.uk. Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.
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