Grounds Investments ISA Review
Another ISA product being promoted by the website that previously plugged the LCF ISAs and bonds is called Grounds Investments.
This is an IF ISA so your money is at risk. It is not a cash ISA and is one where you could lose your entire investment should the company fail. It's generally a good idea to make sure that the company you are giving your money to is secure and has a good track record.
According to their website Grounds Investments is the UK arm of a German residential property company and they claim to have been operating for 12 years. However the key part is not how long the German company is trading but the history of the UK company Grounds Investment PLC that you will be handing your money to.
If you check out the details for Grounds Investments PLC you will see that they have not even been in existence for a year, they were only registered on 14 February 2019.
This is an IF ISA so your money is at risk. It is not a cash ISA and is one where you could lose your entire investment should the company fail. It's generally a good idea to make sure that the company you are giving your money to is secure and has a good track record.
Grounds Investments ISA Review |
According to their website Grounds Investments is the UK arm of a German residential property company and they claim to have been operating for 12 years. However the key part is not how long the German company is trading but the history of the UK company Grounds Investment PLC that you will be handing your money to.
If you check out the details for Grounds Investments PLC you will see that they have not even been in existence for a year, they were only registered on 14 February 2019.
Grounds Investments PLC history |
If you are looking for a high risk, unregulated bond that has the possibility of losing all your money then this may be suitable for you. I prefer to invest in regulated products such as S&S ISAs where your money is protected by FSCS.
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