So yesterday I went to take out the money I have invested from this product. You may remember me from last week where I said I discovered my financial advisor, from one of my banks, was advising me to invest into funds that the fees were at 5% subscription + 1-4% fee / year. I discovered I was "being scammed" and sold everything on my first bank. Yesterday I went to my second bank to withdraw everything but before I asked for a detailed sheet of where my money was invested, and for my (non) surprise, I was "being scammed" aswell.
Below is my $700k portfolio. Fees info were added by me - I didn't check the fees on all of them, but you get the picture when you get to the stock funds part, they are all the same. I apologize for some info being fucked up, but I used an image to text converter to put all this info in text.
Bonds - From Corporate to Government
CCE 0.75 16-05/22 XS1415535183 Europe GASSM Var 14-11/49 XS1139494493 Europe HSBC 0.875 16-09/24 XS1485597329 Europe KPN 0.625 16-04/25 XS1485532896 Europe SAUDCR Float 21 PTSDRCOE0002 Europe SAUDCR Floatl 7-12/19 PTSDRDOM0001 Europe EDF 5% 14-01/2049 FRO011697028 Europe VW 3.875 17-06/49 XS1629774230 Europe EGLPL 4 18-01/2023 PTMENUOM0009 Europe EGLPL FL 18-06/2021 PTMENVOM0008 Europe INVESCO PAN EUR HI E LUO243957742 Europe NB Opportunity Fund LUO256571018 Global NN L A IAN DBT -XC LU0546914242 Asia eg. Japan SISF-GLBL CONVERT BD _UO351442776 Global SALAR FUND PLC E3E IE00B50VYD81 Fee of 5% initial charge + 2.30% / year PTRAMX0MOCK)6 T 1.5 15-05/20 US912828XE52 USA W006257461 0 SUE/MR 7.5 16-06/27 XS 1422866456 BUENOS 5_75 16-06/19 XS 1433314231 Emerging GAM L EMERG LU0107852195 Emerging TAGST 2009-ENGY PTTGUAOM0005 Europe VERSE 3 SNR PTTGUOOM0017 Europe RAM LUX SYS LNG/SH LU0705071453 - Fee of 2% initial charge + 2.28% ongoing charge SCHRODER GAZA EGERTO LU0463469048 Global ELEV- • BS Lin EUR FD LW 331972494 Europe RUFFER SICAV TOT RET U06385587 1 7 Global LM WA MACRO BND E00BC9S3Z47 Global
Stock funds - HOLY SHIT the fees are insane. For me to turn a profit all or most of these would have to make atleast 20% / year for me to get atleast 10% profit return.
JUPITER GLOBAL FD-EU LU0260085492 Europe Fee of 5% initial charge + 1.72% / year INVESCO PAN EUR ST LU0119753308 Europe Fee of 3% initial charge + 2.53% / year BLACKROCK STR-EUR OA LU0313923228 Europe Fee of 5% initial charge + 1.89% / year FIDELITY ACTIVE AA LU0363262121 USA Fee of 5.25% initial charge + 1.94% / year NB MOMENTUM CL R LU0058464982 Global Fee of 5% initial charge + 2.44% / year JPMORGAN EUR STR LU0117858752 Fee of 5% initial charge + 2.52% / year LM-ROYCE US S C OPP IE00619Z4617 USA LU0119753308 Europe LUO260085492 Europe LU0571 085413 Emerging VF-MTX SUST EM BUSD LU0571085413 Emerging JPMor an Funds - Eur LU0117858752 Europe BlackRock Global Fun L 00329593262 Global BGF-World Fin USD LUO329593262 Global FIDELITY FDS JPN AGG LU1060955314 Japan MS US EQ GROWTH USD LU0073232471 USA Va uard Investment lE00803HCY54 USA VANGUARD-US OPP INS lE00B03HCY54 USA
Futures - I have no idea what these are and what they do.
#SX.5E Drvid FUTDec20 DEDZO #EURO STOXX 50 Dec18 VGZ8 #S&P500 IMINFT Dec18 ESZ8 USA #NASDAQ100 MIN Dec18 NQZ8 USA
Now these were recommended to me yesterday when I went to take out my money from the bank. I have close to $700k invested there.
Pictet-Nutrition I dy GBP LU0448837160 Fee of 5% initial charge + 1.22% / year Pictet-Biotech R EUR LU0255977539 Fee of 5% initial charge + 2.70% / year Pictet-Health R EUR LU0255978859 Fee of 5% initial charge + 2.72% / year Pictet - Global Environmental LU0503631714 Fee of 5% initial charge + 2.07% / year
So since 2016, I have lost close to 10% of my money just to pay fees, and had a return of maybe 5%, when I could've had maybe 10%-20%.
If you have any kind of money, from $1 to $1M NEVER EVER trust banks, even the ones that seem to have good services. YOU ARE BETTER OFF DOING YOUR OWN RESEARCH and investing on your own terms by reading and asking around and studying yourself.
Now I just need to find a good plan and where I want to put my money.
TL;DR: Banks are garbage. DYOR and study yourself.
Submitted October 25, 2018 at 10:00AM by hereimalive https://ift.tt/2PViTmy
