- Popular Post
Loiner
-
Posts
4,116 -
Joined
-
Last visited
Content Type
Profiles
Forums
Downloads
Posts posted by Loiner
-
-
3 hours ago, samran said:
No, the only one who is triggered here by the word foreigner is you.
But nice post the rest of it, but I’ve seen better arguments from my 12 year old daughter. At least you haven’t ended this post in the possibility of harm happening to me. Well done - must have been an effort for you.
Nope, it’s all you Blue. Antipodean lefty snowflakery at it’s best.
Mate, those chips on your shoulders are way out of balance.
Any harm? Well that would be have to be all self inflicted. Don’t do it mate.
- 1
- 1
-
- Popular Post
17 hours ago, samran said:Ah yes, England’s finest - against the nasty foreigner.
Will they chanting ‘one World Cup and two world wars, do dah’ for good measure?
So looks like you have issues reading through your red rage of the uppity foreigner coming to comment. (Ed: what a shock you have issues with foreigners...).I didn’t say anything about EUs state of preparedness. I said the Uk wasn’t prepared. So your precious ‘what is best for the UK’ BS has no chance of happening. And even if the EU aren’t prepared, do you think they are going to rush into negotiations with the Uk?
So tell me, what is your plan? Three word slogans aren’t allowed.
Ah, the foreigner bit has hit a nerve hasn't it. Has it put another chip on your shoulder? Right next to the superiority delusion chip?
Has it escaped you that the whole UK / EU situation is about our relationship with foreigners? A foreign federation holding sway over UK laws, commerce, culture and the rest of it. The UK decided we don't want foreigners telling how to do things. It's quite clear that many foreigners don't like that, (see quote above) but you are all going to have to live with it. Not that your collective opinions matter much, a we have made our decision. As for the foreigners who are not directly affected by our upcoming independence, the further away you are away from the action, the less your opinion matters to us.
My plan is to put in place a parliament and PM who will deliver Brexit and negotiate favourable trade deals for us. That plan is working already thanks!
- 3
- 3
- 3
-
- Popular Post
17 hours ago, Pattaya46 said:I really doubt about that. Most resources were focused on the Withdrawal Agreement, and there was no point for EU in trying to work on a trade deal when it didn't know what kind of deal the UK would want.
Problem is that today nobody knows more on what UK wants...
How do you know where resources were focused? Were you at the meetings? I don't think even many of those actually involved would know the full extent of all the negotiations.
Your problem would appear to be that you don't know what the UK wants. The rest of do, so that's all OK then.- 3
-
- Popular Post
28 minutes ago, samran said:Ah, we have a ‘salt of the earth‘ poster here. A real Brit. Are you one of those people who have your Facebook profiles stating that you attended the ‘school of hard knocks’ and the ‘university of life’ too?
This ‘one’ would be more than happy for Fred to negotiate the new free trade deal with the EU. But you are going to leave it to Boris and his chums, they aren’t going to be looking out for you.
My only observation is that 11 months ain’t enough (see see, I used an every mans word!!!) to build a comprehensive negotiation position and be able to prioritize your trade must haves vs the ones you are happy to negotiate away.
But that one little observation seems to have gotten you and your other Everyman mates backs up. It’s like I’m pointing out you don’t have a clear plan or something and are offended by it!
But you seem to be happy to sell out the small business people who are going to be most affected by all the new regulatory compliance that comes from being on the outside p!ssing in trade wise. Not me.
More "I know more about trade deals than the rest of you." drivel from another ardent Remainer and UK naysayer. The overdose of sour grapes must be giving you some serious indigestion mate, tarnishing that silver spoon in your mouth and making you irritable. Love it.
They (both the UK and EU) have had three years to sort out the deals. That some of them didn't manage to stop Brexit and thought they had no reason to formulate any deals means nothing. The real bureaucrats have all been making their Plan B provisions since it became obvious that Brexit was not going to easily slip away. Some parts of the UK civil service were making real Brexit plans for the past two years, even if originally on a 'just in case' basis. Do you seriously believe your own eu-drama-queen claims of no plan, no time and impossibility, just because you don't want there to be none?New regulatory compliance? It will only replace the old regulatory compliance, one day, maybe, if we change our current conformity, or in case of a No Deal. And selling out small business? Well he's another Fred, who will be glad to see the back of EU regulations which have crippled him for years, whether he exports to EU or not.
Why not go to the pub, sit on a stool and ask a few Freds. They will put a foreign windbag on the right track about what's best for them.
- 4
- 3
-
- Popular Post
53 minutes ago, Krataiboy said:A lot of Freds did and the cap fits. Wear it.
They don't like the Freds, those Remainers, elites, chattering classes, political commentators and know-it-alls, do they? They don't like Workington Man, or White Van Man, or anybody who does not vote the way they are 'supposed' to. It seems they also don't like anybody in a pub and apparently always have a special down on bar stools for some reason. They should try spending some time there and maybe learn at thing or two, at least like the mood of the nation.
They're all still here though, still on TVF trying the superiority pretence: "we know better than the rest of you little people". They must be all really pizzed that the very people they despise the most (previous LAB working class voters) have now affirmed a massive commitment for Brexit they voted for. This one is already trying to blame Fred for the incompetence of the bureaucrats and civil servants who now have to carry out instructions they really detest doing - the best deal for the UK. Even still trying to pin blame on Fred for a Project Fear jobs loss myth which is never going to happen, unless he's talking about EU jobs!
Thank god for the Freds of this world, and everybody in pubs and on bar stools everywhere.- 3
- 2
-
- Popular Post
6 minutes ago, Dumbastheycome said:Time will tell. Boris has zilch just now other than promises. Would there be support for being shafted on principle? The "EU" has had the advantage of evaluating eventual outcomes of Brexit while the UK has been blinded to any reality by the internal conflict .
Time is already telling us now. The Remainer Parliament was well and truly shafted by the GE popular vote. The principle was that we voted for Brexit in the referendum and still want our democratic right. The EU masters can see the writing on the wall and are now quaking in their EU boots. Their evaluations showed they would be disadvantaged, which is why they fought so hard against Brexit.
Faced with a Eurosceptic PM (not with zilch but a landslide majority), they are now looking for more tricks to try and keep clinging on to the UK's trade and 9Bn contribution. "Let's try an extension again, it worked for the past year or more."
- 5
-
- Popular Post
3 hours ago, Letseng said:Boris lied to the people, he did through the whole campaign.
He never intended to spend all the money he said he would.
So long as Boris gets us out of the EU, I don't care what else he said in a campaign. He's got one job to do and with his majority and this time he can do that, without being hamstrung by a left leaning europhilic parliament.
Did you believe everything that Jezza told you about his spending plan?
- 5
- 1
-
- Popular Post
34 minutes ago, Pattaya46 said:… for a No-Deal? Yes he has, but nothing new here.
Luckily most people in EU and UK don't want this No-Deal.
Decision will be in 6 months. Campaign promises will be forgotten. No surprise if an extension is asked then.
Luckily, we don't care what most people in the EU want. That's why we are leaving. If they want a deal now, they had better get their negotiating teams up to speed and in a concessionary mood.
Most people in the UK? Well that is probably not the case, and it was a pretty decisive decision a couple of weeks ago. Boris's slogan wasn't "Let's get a deal done."
- 13
- 2
- 2
- 4
-
- Popular Post
1 hour ago, snoop1130 said:The European Union may need to extend
But Boris may not need to.
He does not want to, and does not have to. Time for the EU to face up to it: Boris now has the upper hand.
- 14
- 4
- 4
-
Lots of obviously knowledgeable advice from two posters there, but which to follow? Need some sound advice - don't take any from the fiancial conmen lurking around Thailand! That doesn't mean the boiler room boys, as you are probably not on their radar anyway, plus scamming too close to home could have very serious consequences for them.... At all costs avoid the local IFAs and any others who swan in from other countries.
A poster noted above that it is now becoming increasingly difficult to get proper UK based advice if they know you are not based back in god's own country. AFAIK back in blighty is the only place you can make the investment (subject to Oxx comment) and have some protection. Legal protection and recourse to reimbursement is an absolute must, unless you are prepared to take risks with your pension pot.
The FCA has loads of warnings about scams: https://www.fca.org.uk/consumers/avoid-scams-unauthorised-firms They may not all be appropriate for your situation, but you get the gist. Odds on that none you meet in Thailand are authorised.
Even if investments you may consider are not out-and-out scams from the start, you still need the protection if it all goes tits-up. #LMFundScandal. Although ours was eventually shown to be an elaborate ponzi scheme, how did none of those supposed to be giving us sound advice for a well regulated location, see it coming? Yes, right up to the week the funds collapsed! All the advisors enjoying the Aussie hospitality while supposedly doing their due diligence, were in fact doing DILLIGAF. They took their excessive commissions and ran.
Also don't be fooled by offers of seemingly safe insurance company wrappers and Bond Providers, who insured nothing, provided nothing, took their fees and ran. Same for the Trustees, who were not to be trusted, but took their fees and ran.
Maybe your BAE pension sounds safer where it is?
-
Sorry I can't offer advice what to do with your pension and savings, but I can advise you what NOT to do:
Do not under any circumstances take advice from an overseas based IFA. Do not invest anything while you are in Thailand under the advice of one of the locally based financial conmen.
These are not the boiler room gangs, but the financial parasites advertising QROPS services for expats or schmoozing around expat networking events. Don't believe the glossy brochures and claims of being regulated in Hong Kong, Australia or wherever. They are all unlicenced and unregulated here and acting illegally because the SEC won't licence them. (See the SEC warning list) These commission grabbing shysters are only interested in getting your money into their fee paying funds. As noted by posters above, the fees in the funds are often excessive and only benefit the salesmen and fund managers, while draining your investment.Just look around the various Thailand or International forums and news sources about LM Investment Management Ltd. That fund was pushed by many IFAs, who did very well out of it. Not so for the expat investors - they all lost their pensions and life savings. The losses do not fall under the jurisdiction of the Hong Kong, UK, Thailand or Australia and nobody really cares. There are plenty of these scams around.
Since the change in pension rules last year there are many more sharks circling the QROPS pots of the unsuspecting, especially if they can smell the possibility of an offshore deal. Even so, the only advice I could give would be for any investment to be done IN the UK and under the regulation of the FCA, where you may have the security of a regulatory and legal system behind you if it all goes wrong. Still have to do your own due diligence first though and be very careful.
-
Best advice for the OP is : DON'T DO IT.
Don't put your hard earned savings in any of these funds and don't listen to any of these local IFAs. Just ask some of the LM Investment Management victims who were all told their savings were safe - "Just like a bank." then lost the lot!
You are probably dealing with one of the same unscrupulous and unregulated locally based advisors, who are chasing their commissions. The fund manager will be taking their fees from the fund value whether the funds make money or not, so you loose out again. The whole industry is only slightly better than a pure scam.
- 1
-
- Popular Post
- Popular Post
Wonder who could be hoping to elicit comments on this subject - a current favourite of mine. Could it be a regular punter looking for guidance after being cold called, or one of the enemy trawling for new marketing methods?
My opinion is that they are all sharks, shysters and charlatans, the lowest of the low in expat circles. Whether they cold call, make connections on social media, or stalk expat networking events, these silver tongued lizards are not to be trusted. This is because their financial independence is only limited to the highest fees they can muster from speculating with the expats' cash. They are commission grabbing parasites who leech of the expats' hard earned savings/pensions/retirement plans.
This applies to IFAs employed by the bigger (supposedly expert) groups of cowboys and the one man bands alike. They don't even need to be qualified or know anything about finance and the expat market - see some of the recent adverts kicking around for sales in Thailand. You could have been a used car salesman; flogging double glazing, kitchens or bathrooms; anything that's covered by "..Non-industry sales professionals will be considered...". Anybody who can rack up the signatures and sales commissions will do!
Even if the IFA is experienced and qualified they still cannot be trusted. The lure of filthy lucre is too much and your nest egg will be advised away to a dodgy property fund, or which ever bunch of fraudsters are promising the best sign-up fees, trailing commissions, plus free trip kick backs. What's more their own professional due diligence, in advising you what to do with your savings, is next to nothing. It maybe a verbal assurance clouded by champagne on the freebie trip, simply believing the spiel in the funds Product Disclosure Statement, or accepting a bullshit answer from the fund managers.
And the best part is that in Thailand they are all totally unlicensed and unregulated. When the funds, advised by IFAs advised as low risk and a safe investment, suddenly goes bust then that's the expats' nest egg gone. The many IFAs who were all on the same band wagon walk away from it untouched, except maybe for their trailing commissions!! Some of them may feel a bit sorry, but that's how it goes. There's always a disclaimer in the small print, which is what in my opinion the IFAs are supposed to advise the expat around. Trouble is - most of the IFAs actually know Jack!
Well that's my bit of mud slinging and not at all baseless. If anyone out there is thinking of taking financial advice in Thailand or offshore generally - as one of the many LM Investment victims who are currently watching their life savings rapidly dwindle away -JUST DON'T DO IT.
- 10
-
Quote:
AUS has just had the biggest pension scandal ever, LM Managed/LM International fund in Queensland just lost 75% of all their assets.
NZ has the same rules, you don't have any protection on a UK earned pension once it's outside of the UK.
Remember, IFAs working outside the UK are bound by very few rules and often end up putting your pension in junk bonds that give them the biggest commissions. No comeback on them if it all goes wrong. If you must use an IFA, use one based in the UK, at least they have to obey some rules. DO NOT USE ONE BASED IN THAILAND UNDER ANY CIRCUMSTANCES.I'll second the above as a victim of LM Investment Management, and now this month Brandeaux Funds, on the advice of a Thailand based IFA. Don't believe a word from the mealy mouthed parasitic IFAs. These shysters and charlatans are only grabbing commissions on the back of your hard earned pension. You could easily loose the lot, as some of the TV members have done already.
- 2
-
I too am another scammed Bangkok investor in one of LM's now closed funds.
When the Peter Drake roadshow came to town a few years ago we were assured it was all a temporary liquidity problem due to the GFC. How untrue that has proved to be. There were a few investors present, but I believe more IFAs than real punters. Just how many silent sufferers are still out there? There were so many IFAs pushing LM's toxic funds that there must be dozens of expats in the same position.
It's scandalous to think that the commission grabbing parasites were still mis-selling investments in LM right up to the last few weeks. I was in favour of legal action in Aus, but it would appear to the cynic in me that LM have thrown themselves into voluntary action partly to avoid the Class Action.As mere investors, and only in posession of the barest details, it's unlikely that anyone of us would be able to see evidence of fraudulent activity. If the lawyers can get into the books, they should be able to unravel the mess made by LM and maybe come up with the proof. LM didn't let all this suddenly happen - it's been going on for a few years now. What did all the other professional and financial service providers do with an obviously ailing group of companies - any sort of a cover up to be found here? I doubt the Australian ASIC did anything to protect investors either.
From what we can now see, this sort if scandal is rife on the Gold Coast. I for one, will never ever listen to any of the 'advice' from any of these financial leeches again. I also strongly urge everyone not to be fooled by their glossy brochures and false promises. I used to politely listen to their polished speil, thinking everyone has to make a living. Not these days though, but they are still out there and looking for new suckers. Cold call me again at your peril, and I will carefully explain.
I'll PM you Taja and hope to meet others soon.
EU may need to extend deadline for trade talks with UK: von der Leyen
in World News
Posted
And here’s me, thinking that you and your previous guises wanted to Remain in the EU.
Now you’re a Leaver at heart. Which way have you backed the UK economy?