Make sure you your investment risks compliment your investment profile
Over the last few weeks we have seen a number of instances whereby investors have invested their money into markets and products which were ultimately at odds with their own investment profile and investment risk factor. One such instance involved Edward and Celia Platts who allegedly took advice from Barclays bank regarding the investment of £300,000 from their property sale only to find that a few months later the investment had fallen in value by 50% and has since risen to a value of £190,000.
This particular story was covered in detail by the Daily Mail and also highlights the challenge the couple had to get hold of their Barclays Bank file and details of the various risk factors and documents they should have been served with. To cut a long story short there is still an ongoing dispute regarding the two parties which highlights the fact that ultimately you need to be fully aware of what you're buying, your investment profile and the risks which you are prepared to take.
Ultimately no investment is risk-free and you need to be sure that your investment matches your investment profile before you sign on the dotted line.
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