Login | Register
SearchMy Stuff
My ProfileMy PreferencesMy Mates RSS Feed
1
Reply to Topic
Author Discussion

Mr Trophy

5,473 posts

89 months

[news] 
Tuesday 2nd October 2012 quote quote all
sidicks said:
To out it politely, you're talking bks!
Bad day in the office? Client didn't sign up to the new Standard Life wrap you're offering?

hehe

sidicks

6,096 posts

107 months

[news] 
Tuesday 2nd October 2012 quote quote all
BoRED S2upid said:
You can get 8pc with something like first direct regular saver if you just want to squirrel away a few grand for a rainy day.
Indeed.

But you can only pay in £300 per month maximum.

And you have to keep the money in the account for 12 months or else you lose the interest.

And even on that basis, the interest accrued would be £1.26
smile



sidicks

6,096 posts

107 months

[news] 
Tuesday 2nd October 2012 quote quote all
Mr Trophy said:
Bad day in the office? Client didn't sign up to the new Standard Life wrap you're offering?

hehe
I guess you're trying to be clever.

But I'm not an IFA, so you've failed again!

Mr Trophy

5,473 posts

89 months

[news] 
Tuesday 2nd October 2012 quote quote all
sidicks said:
I guess you're trying to be clever.

But I'm not an IFA, so you've failed again!
Even though I turned the 50p to 63? Small profit, but as they say, every little helps.

eldar

8,414 posts

82 months

[news] 
Tuesday 2nd October 2012 quote quote all
jamie128 said:
come on guys you are all just shotting letters and terms at me lol, im not very clued up with finance
Simple terms, Risk. How worried would you be if you lost half the money, how much do you want to gamble.

Cash ISA low risk, money is safe, but you wont make more than your interest.

Invest in ISA stock, shares or bonds, you may double your money or lose the lot. Higher risk. risk.

ISA means you don't pay tax on profits.

Advertisement

sidicks

6,096 posts

107 months

[news] 
Tuesday 2nd October 2012 quote quote all
Mr Trophy said:
Even though I turned the 50p to 63? Small profit, but as they say, every little helps.
frown
Are you really this stupid?

What if the assets fell by 5% over the period?


fandango_c

1,148 posts

72 months

[news] 
Tuesday 2nd October 2012 quote quote all
Mr Trophy said:
Even though I turned the 50p to 63? Small profit, but as they say, every little helps.
rofl

Sorry, what are you on about?

Mr Trophy

5,473 posts

89 months

[news] 
Tuesday 2nd October 2012 quote quote all
sidicks said:
frown
Are you really this stupid?

What if the assets fell by 5% over the period?
sidicks said:
frown
Are you really this stupid?

What if the assets fell by 5% over the period?
Sorry, but at no point has the OP said what risk profile he would fall under.

Not sure why I am getting attacked here. I said that 0.50 is poor return. Personally, I would lump it into Stocks and Shares as the OP said he wanted it out the way. Yes, there is a risk but im pretty sure you would see a greater return than it being in the bank?

sidicks

6,096 posts

107 months

[news] 
Tuesday 2nd October 2012 quote quote all
Mr Trophy said:
Sorry, but at no point has the OP said what risk profile he would fall under.

Not sure why I am getting attacked here. I said that 0.50 is poor return. Personally, I would lump it into Stocks and Shares as the OP said he wanted it out the way. Yes, there is a risk but im pretty sure you would see a greater return than it being in the bank?
You are 'pretty sure' that he would get a better return over a 3 day period??

You could easily lose 5% or more over a 3 day period.

Equities would be expected to provide a better return over a long period (5 - 10 years) - the factsheet for the Spectrum product you referred to emphasizes the strategy to provide long-term growth, not short-term income.

smile

Edited by sidicks on Tuesday 2nd October 20:12

Mr Trophy

5,473 posts

89 months

[news] 
Tuesday 2nd October 2012 quote quote all
[quote=sidicks]

You are 'pretty sure' that he would get a better return over a 3 day period??

You could easily lose 5% or more over a 3 day period.

Equities would be expected to provide a better return over a long period (5 - 10 years) - the factsheet for the Spectrum product you referred to emphasizes the strategy to provide long-term growth, not short-term income.

smile

You could easily lose 5% yes, you could also gain %, going by how the fund is currently growing at the moment it's not likely - however, never say never. I appreciate your points your making. We also need to be clear that he's not going to make thousands in three days, which is where you think I am coming from.

jamie128

Original Poster:

1,604 posts

56 months

[news] 
Tuesday 2nd October 2012 quote quote all
i dont know if i would like to lose any money tbh, ive worked hard to save it so i think low risk is for me

sidicks

6,096 posts

107 months

[news] 
Tuesday 2nd October 2012 quote quote all
Mr Trophy said:
You could easily lose 5% yes, you could also gain %, going by how the fund is currently growing at the moment it's not likely - however, never say never.
The fund has had plenty of negative days in the last few months.

Oh, and the fund has a 5% initial charge and 1.25% amc....

Mr Trophy said:
I appreciate your points your making. We also need to be clear that he's not going to make thousands in three days, which is where you think I am coming from.
beer

BoRED S2upid

10,791 posts

126 months

[news] 
Tuesday 2nd October 2012 quote quote all
sidicks said:
BoRED S2upid said:
You can get 8pc with something like first direct regular saver if you just want to squirrel away a few grand for a rainy day.
Indeed.

But you can only pay in £300 per month maximum.

And you have to keep the money in the account for 12 months or else you lose the interest.

And even on that basis, the interest accrued would be £1.26
smile
Well we don't know the op's requirements it could double his interest!

raptor600

1,356 posts

32 months

[news] 
Tuesday 2nd October 2012 quote quote all
jamie128 said:
i dont know if i would like to lose any money tbh, ive worked hard to save it so i think low risk is for me
No one 'likes' to lose money.

It's about weighing up the chance of making vs chance of losing.

You will make a couple of quid in your ISA.

For the amount of time you spent setting it up - carrying out the transfer...and now coming on here and asking about the 50p interest you received...you would have been better off just working for an hour instead IMO.

The days of letting money grow in ISA's/savings accounts are long gone - all offer sub inflationary returns.

eldar

8,414 posts

82 months

[news] 
Tuesday 2nd October 2012 quote quote all
raptor600 said:
The days of letting money grow in ISA's/savings accounts are long gone - all offer sub inflationary returns.
Depends on timescale. Long term, as a safe component, fine.
1
Reply to Topic