I recently read
this question about the high cost of investing with HSBC and met with my investment advisor there to see if we can knock the fees down (unlike the poster of that question, I did not pay an initial fee.) Unfortunately, they can't, so I'm stuck paying 2.25% (that's
all fees, total) annually if I stay with them. Here's the thing though:
after fees, I got a ~10% gain on my investment 2012-2013 (so ~12.25% in total.)
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posted by A god with hooves, a god with horns
on Feb 28, 2013 -
16 answers
I have a sum of money that I'd like to invest. I currently bank with HSBC, and a friend of a friend works for Edward Jones. I have talked to both HSBC and the Edward Jones guy, and the spiels I got were fairly similar--they suggested 80/20 stocks/bonds, generally mutual funds and that sort of thing. Both advisors intimated 10% average returns over 5-10 years, and both are looking at about a 2.5% initial fee and then a little over 1% yearly.
Basically, what I'm looking here is to park my money and watch it grow. What I want is a totally hands-off approach. I don't want individual stocks or commodities, I don't want to do this myself, I don't want to be constantly asked what I want my money put into. I just want to put my money into a fairly diverse portfolio and have it get bigger without giving me the chance to mess around with it and screw it up.
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posted by Slinga
on Feb 8, 2013 -
15 answers
When the Citibank e-savings account started (I think about 18 months ago) the interest rate was 3.5%, so I moved all my spare cash there; but now it's 1.5%.
Capital One &
HSBC are currently offering 3.5% e-savings accounts - is this the same deal? Are these only introductory rates which I should expect to fall dramatically in due course?
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posted by forallmankind
on Jul 5, 2008 -
9 answers
Despite the recent corruption scandals in Brazil, for the first time since the 1970s, the country is finally showing signs that it is worthy of comparison with its BRIC counterparts. Inflation, the bane of the 1990s, has finally been largely reigned under control, interest rates have fallen to their lowest in living memory, the Brazilian Real continues to rise against the US dollar and BOVESPA - Latin America's largest and busiest stock exchange - continues to grow from strength to strength.
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posted by Zé Pequeno
on Oct 19, 2007 -
7 answers
