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

First 7 Last

Share
Profile

Follow
Facthunter

13,174 Posts.

815

12/08/16

20:43

Post #: 18508473
Share

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."

Expand

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
7 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: Imugene responses, Trigg upgrade | July 14

TMG

Trigg up +10% on antimony target boost; fieldwork kicks off

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AHN

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

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

Top Stories

Monday's HotCopper trends: Imugene responses, Trigg upgrade | July 14

Trigg up +10% on antimony target boost; fieldwork kicks off

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

Featured News