ISACO is an outfit that will advise you on which Investment Funds to invest in.
They charge their clients £3000 per year for this information.
According to ISACO web site since Dec 31 1997 they have returned 149%.
How does this compare with a low cost SP500 Index Tracker Fund?
A well known SP Tracker Fund returned 270% with dividends over the same period.
BUT...keep in mind that anyone stupid enough to get involved is also out of pocket by £57,000 in yearly charges over this period.
Instead of giving ISACO £3000 per year our investor had added the £3000 per year to the SP500 Tracker, how much would that be worth now.
Around £130,000.
Taking ISACO's advice has cost our naive investor 120% in investment advice and £130,000 in investment fees.
Ouch, that's gotta hurt.
They charge their clients £3000 per year for this information.
According to ISACO web site since Dec 31 1997 they have returned 149%.
How does this compare with a low cost SP500 Index Tracker Fund?
A well known SP Tracker Fund returned 270% with dividends over the same period.
BUT...keep in mind that anyone stupid enough to get involved is also out of pocket by £57,000 in yearly charges over this period.
Instead of giving ISACO £3000 per year our investor had added the £3000 per year to the SP500 Tracker, how much would that be worth now.
Around £130,000.
Taking ISACO's advice has cost our naive investor 120% in investment advice and £130,000 in investment fees.
Ouch, that's gotta hurt.
Isaco
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