Something for the future
Discussion
10 years ago I took out a few "savings" 
plans for my kids, basically £40/month for ten years.
This week we got the final details through - they've made a grand total of £128 more than the cash amount paid in. Pitiful - represents about 2% annual interest, I'd've been better off leaving it in my bank account.
Now what I need to to is invest the proceeds into something worthwhile and continue to add the capital at the same rate. Based on a 5 year term, whats the best I can expect
plans for my kids, basically £40/month for ten years. This week we got the final details through - they've made a grand total of £128 more than the cash amount paid in. Pitiful - represents about 2% annual interest, I'd've been better off leaving it in my bank account.
Now what I need to to is invest the proceeds into something worthwhile and continue to add the capital at the same rate. Based on a 5 year term, whats the best I can expect
I did pretty much the same.
Opened 4 (with a view to maybe carpet bagging a couple payouts on the mutuals)
The idea was that it would pay for a TVR. Seven years in and I recently closed them all to help pay for an extension.
Nearly got back what I have put in - whoever is managing these funds really does need the sack.
Opened 4 (with a view to maybe carpet bagging a couple payouts on the mutuals)
The idea was that it would pay for a TVR. Seven years in and I recently closed them all to help pay for an extension.
Nearly got back what I have put in - whoever is managing these funds really does need the sack.
littlegreenfairy said:
Premium Bonds? I know you don't really get any interest paid but atleast you don't lose anything...I've got some and so far this year have won more than the interest would be.
I just like the whole gimmick side of it - and the winnings are tax freeeeeeeeeeeeeeee
My parents are into this! Only a couple of months ago, my dad told me he won over 300 quid! (No pound sign on foreign keyboard).
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