Hello,
My apologies if this type of question has been asked on this forum before but I did a search but the search facility does not appear to be working for me... returning a blank page.
Here's my story....
I met with an independent financial advisor today. Independent is what she called herself but I did not pay for the consultation. They recoup their fees on a commission basis from the companies they deal with. I would prefer to pay a truly independent financial advisor as I believe that those paid on a commission basis will tend to recommend those offering best commission rates. However in my area I was unable to find such an advisor.
Anyhow I gave her my details... 29, single, homeowner with <60% LTV mortgage over 25 years. Pension scheme through work.. employer paying 5%.. I contribute 4%. No borrowings. My SSIA recently matured and having cleared my Credit card I am left with 10,000 to invest.
She recommended the above geared property fund along with a regular monthly contribution to continue saving..
I do believe that this is the type of investment that I should make...
However having googled I see that a number of geared property funds are on the market.. including EBS, Canade life, new ireland...
How does Hibernia compare to these products? Has she advised me well?
Thanks for taking the time to read this and for any advice,
Fiona