10 Mar 2012 5:35 PM:

Sorry I still cannot get this damn link to work I will keep trying and let all those interested know

Thats it grrrrrrr

One other thing I find shocking is the managers make a 90 million dollar loss and reward themselves with 11 million dollars in fees 2 million more than last year

God help anyone who is in this thing they probably will lose a lot if not all their money

Thank goodness its closed to new investors so no more innocent people lose out

Sorry to be the bearer of bad news

Gerald

 

This message was last edited by Gerald21 on 10/03/2012.
Thread: HIGH INTEREST INVESTMENTS

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10 Mar 2012 10:51 AM:

 

Hello glad to join the debate on L M ,I retired to ALMERIA in 2006 from Perth WA after having worked for KPMG. My Interest in this subject is because I had L M funds as part of my super, I withdrew my Investments on retirement and moved to Spain wish it had come sooner love the place the lifestyle etc.

I don’t know much about investments I left this to my adviser at Westpac anyway that’s enough about me

I had a look at the accounts of the Fund you are discussing and I would like to give you my opinion if I may In my view the accounts look extremely unhealthy to say the least also the June bank repayment could be a big problem for this fund, the banks have them by the goonies charging 15% for the facility the highest I have seen for a financial , I,m sure I read that CBA used to be the bankers but they withdrew their facility it got so bad

As of the annual report 64,000,000 dollars had been requested to be withdrawn by investors and refused and the fund/company made a 91,000000  dollar loss overall for that year.

If I had any money to invest I would probably prefer Burswood casino as a better risk

Im just glad I got out when I did.

Hope I haven’t bored you too much after all I was an accountant but not anymore

Gerald

Ps here is the latest audited accounts for the anoraks and do not know why my text is all funny I never was very IT

 

 

This message was last edited by Gerald21 on 10/03/2012.
Thread: HIGH INTEREST INVESTMENTS

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