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Stienberg investment research

Last post Fri, Aug 22 2008, 10:48 AM by uperkurk. 4 replies.
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  •  Thu, Aug 21 2008, 3:38 PM

    Stienberg investment research

    Hi someone called me yesterday about investing with stienberg and just wanted to know if anyone has heard of this company and if they are reliable?

    P.S he called me from switzerland

    • Post Points: 20
  •  Thu, Aug 21 2008, 5:18 PM

    Re: Stienberg investment research

    Please do not be tempted to invest in any company from a cold call.

    I'd be interested to know they want you to invest in?

    • Post Points: 20
  •  Thu, Aug 21 2008, 7:59 PM

    Re: Stienberg investment research

    Oil and gas, he said I had to put in a minimum lump sum investment of £2000 which I thought was ok. The thing that bugs me is I never even been on the stienberg website of requested info or anything, when I answerd the phone he basically said that he has sent me the brochure I requested.
    • Post Points: 20
  •  Thu, Aug 21 2008, 11:25 PM

    Re: Stienberg investment research

    Hi its bound to be a scam please read the following.

    Oil and gas investment schemes find investors to dupe through both telemarketing boiler rooms and email promotions (SPAM). The staff of these operations know little or nothing about the oil business. They're high-pressure sales experts with tons of experience squeezing hard earned dollars from unwary consumers. Should you respond to one of their emails or talk to one of them on the phone, you'll be told about the riches that await you, because this is one investment that just can't miss. Profitibility isn't even in question. You'll make money, a lot of money. Then they'll offer to send you some brochures to look over if you're not already convinced. Their printed material are often quite professional looking because they want you to see how rock solid this investment is. That's enough to fool many novice investors, but a savvy investor would never, ever be willing to sock money into something based on a cold call and glossy brochure.

    Oil & Gas Investment Scam Warning Signs

    Securities regulators warn investors to be wary of the following claims made in typical high-pressure sales pitches, whether through unsolicited telephone calls, email messages, or on internet message boards:

    • "There's no risk in the investment."
    • "This well is guaranteed to make money."
    • "A geologist gave me this tip."
    • "There has been a huge "discovery" in an adjoining field."
    • "A well known oil company is planning to drill in the area."
    • "This deal is open to only a few, unique investors, such as yourself."
    • "Only a few shares are left so you need to send us money right away to get in on this deal."

    If you want more info on these type of scams check out fraudguides.com. i worked for many years as stockbroker & know that these scams are common place - once you agree to participate your details are normally passed onto other scammers.

    As i say steer clear.

    Burger

    • Post Points: 20
  •  Fri, Aug 22 2008, 10:48 AM

    Re: Stienberg investment research

    Yes I think you are right it proberly was a scam because come to think of it he was rushing me into making a decision. But he didnt say that its a certain profit making investment he did say that I could loose the money I have invested but on the other hand I good make between 25 to 150% return. Anyways I have invested in a UK growth stocks and shares isa with NFU Mutual which is mainly oil and gas, along with banks and telecommunications. Its a gamble if I loose then so what..... but the NFU Mutual guy said that on average its a return of 9% and sometimes as high as 60% return. Whats your views on this?

    P.S can you add me please I need some more info from someone like yourself XXXXXX

    This post has been moderated. Please post any helpful advice or assistance on the open forums. Please ensure you read the Moneysupermarket.com User Community Standards and Terms of Service before posting. Thanks.

    • Post Points: 5