Understanding monetary Growth?

montycat_2

Hello,
not sure if the title is right but ,what I want to know is ,what does the Bid price and Offer price mean ?
If something is shown as 104.25 does that mean each unit is worth £104.25 or what ?
I'm a bit dumb when it comes to monetary values .
Thankyou in advance

ReportInvestor

You need to be more specific about what you mean by "something".

montycat_2

Well ,my money that is in this Portfolio Bond ?

I mean,what do these charts mean ?
http://www.trustnet.com/life/groups/perf.asp?group=norwich_union_life
Thankyou

ReportInvestor

Your money is worth the bid price x the number of units you hold. If there is a bid/offer spread on your fund then you will have paid the offer price.

[Deleted User]

bid is the sell price in pence
offer is the buying price in pence

the difference between the two is called the spread and should always be taken into account when buying/selling shares

montycat_2

So ,what does it Mean if the Bid price is the same as the Offer price ?

I am sooooooo green at this !lol

[Deleted User]

It will not be the same at the same time

If the offer (can also be called ask) is say 50p and a few days later the bid price is 50p then the share has gone up a bit in value. Never forget the dealing costs in your calculations because what looks like a profit can in fact be a loss if you take all the costs into account

dunstonh

The Current NU Portfolio Bond (and those purchased since 2001 IIRC) does not have a bid/offer spread.

If you notice S4 funds (which are those used by the NU Portfolio bond) have the same price or show nil because it doesn't apply.