Hi
We, my wife and I invested with Bridgecorp based on the AAA rating given it would appear that these so called ratings and the so called experts who present them are as worthless as used toilet paper.
So where to from here for the mum and dad investor? I suggest the local sooth sayer; she would be just as accurate! I am also from Invercargill where we received equally bad advice from local financial advisers on Provincial.
Hello
I am one unhappy investor with Bridgecorp. As you state: "Remember one ranker gave Bridgecorp an AAA not that long ago".
Given these rankings being given out showing a seemingly good rating how does one know what to trust. Who to trust? What does the term secured debentures really mean. I understand with this event there is no guarantee one will get funds back.
I now no longer have any faith in finance companies. One finance company Geneva has a Standard and Poor's rating . Can we have any faith in this company?
Hi
The rating website, Interest. co.nz should shut itself down.
After its good rating on Provincial showed up its flaws in its process it had Bridgecorp at BAA , almost a perfect rating.
Obviously a lot of investors look at this site for guidance but now after two disastrous ratings it should have a good look at its usefulness.
Hi,
Was glad that I cashed up my Bridgecorp Investment for $12500 in May and had the sense not to roll it over! Was pleased to be paid out in full but I always thought it was not a good risk to reinvest in.
Hello
As an investor of a large chunk of our life's savings it was rather ironic that in this mornings mail there is a newsletter from Bridgecorp letting investors know how well they are going and assuring us that their three and a half PIR star rating is a good investment grade. Sick joke.
