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this the same Macquarie giving lithium advice?, page-7

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Facthunter

11,965 Posts.

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12/08/16

20:43

Post #: 18508473
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Originally posted by Upstart777 ↑

How about the bad form with this other revealing silver donut article? The Shockers.

http://www.smh.com.au/business/macq...le-in-investors-nest-eggs-20140801-zzcst.html

"Assessed as balanced/growth investors – not high-growth or speculative – they were advised to pour their $3.2 million into an investment portfolio and gear up with another $2.5 million, which was placed in Macquarie's costly Geared Equities Investment product.

The net effect of the high-fee MPW investment recommendations was to reduce their nest egg from $3.2 million to an estimated $1.4 million when they finally pulled up stumps and walked away.

Included in the loss was an estimated $160,000 paid in financial planning and advisory fees, $37,000 paid in a margin loan, more than $42,000 on brokerage and $776,449 in interest and put option costs on the $2.5 million Geared Equities Investment portfolio. All up, Waller estimates total payments were in excess of $1 million."

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You steal 1m from the bank you go to jail.
The bank steals from you bad luck.

GXY Price at posting: 41.0¢ Sentiment: Hold Disclosure: Held
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