My Current Sharesave

bluecounty

I work for Barclays and this year we have been offered a Sharesave Scheme with an option price of £2.55. I've decided to invest £250 p/m for the next 5 years.

With my bonus, I'll have £16,250 to buy shares in Barclays at a price of £2.55 in 5 years time.

I know, no-one knows how the market is going to perform in these crazy times we are experiencing, but..........................

Do you think there is alot of money to be made in this Sharesave Scheme??

24MKshopper

If like other banks share save schems you can pull out at any time if sharprice plummits and recover the full amount you paid in. but on the other hand imo that's alot to pay out each month there are some good offers out there of regular savings accounts. X

opinions4u

Can't answer the question without a crystal ball, but:

1) You can get out of it at any time.
2) You can miss up to 6 monthly payments during the term (and make them up by extending the term by the same number of months at the other end). This means that you can effectively commit no money to it for another 6 months but retain the option - see how the markets develop over that period.
3) Assuming Barclays makes another share offer next year, you can cash this one in and recycle the proceeds in to a new one if the share price is any lower.

Sharesave schemes are a heads you win // tails you get slightly less interest than you would have done had you invested elsewhere.

Sign up for it, but be prepared to miss the 6 months or recycle next year.

yee_har

On being made redundant earlier this year I took an option to pay a further 6 monthly payments and to take the shares on maturity. I was astonished to be offered the chance to change my option just before actual maturity "as the price has recently fallen substantially". I took my cash back (but as it had been in less than 12 months got no interest - fair enough-ish...).
Of course the company's share price then went up and down like a tart's drawers but it was still the right thing to do and a welcome "second chance".