Has anyone any opinions on this fund,
BlackBee announces €250m investment in residential care homes
Investment will create more than 1,500 new jobs and 1,000 beds at 10 sites in Munster
www.irishtimes.com
You'll get 2 different opinions:
1. A broker selling it will tell you it's the greatest thing ever! It'll usually be someone registering for the first time.
2. Everyone else will tell you to stay away from it.
And then ask why more people aren't in the nursing home business!
A clear example of how muddy the waters are. How many people know if their investments are through Blackbee investments (in liquidation) or Blackbee Alternatives (not in liquidation).Unfortunately I have invested with Blackbee,.
I have attached a letter sent to Financial Advisors, they state the Blackbee Alternatives Ltd are not effected by the liquidator, however I fear the worst.
What do people make of this letter?
Hi Chelseablue, Unfortunately I too invested in Blackbee and received the same letter. We have been in touch with our investment advisor and due to have a meeting with him next week, although on the phone he was keen to assure us we would be getting our investment back, but at a later time than agreed. Apparently pay-out's beginning sometime in November 23. I have to say I have lost total trust in our advisor as he suggested another investment to us and that too is not performing or perhaps even getting off the ground! Do you have any suggestions on what type of questions to ask him other than the obvious? We were total novices to investing and feel out of our depth on how best to deal with this.Unfortunately I have invested with Blackbee,.
I have attached a letter sent to Financial Advisors, they state the Blackbee Alternatives Ltd are not effected by the liquidator, however I fear the worst.
What do people make of this letter?
Just get a different advisor.Do you have any suggestions on what type of questions to ask him other than the obvious?
That's the thing, some are, some aren't. I have one client in a nursing home investment (I didn't put him in it) and it is regulated. It is impossible for people to know which are and which aren't.Just get a different advisor.
These are unregulated investments. Your advisor should be explaining that very clearly to you. But, the commissions are HUGE, so maybe they are more motivated by their own financial wellbeing than yours.
Agreed. One assumes when they go to a regulated advisor that they are recommended regulated investments. Or simply don't understand the difference.The lines have become blurred.
I have one client in a nursing home investment (I didn't put him in it) and it is regulated.