Egg FTSE bond matures: Damn!!!

Lorian

Think you need to change Damn! to Whoopee! in the title :beer:

sabretoothtigger

Ok so turns out not so bad in the end then, good to hear.

Could have been alot better but also a lot worse. 41% over 6 years is 5.9% annual interest compounded I think and its tax free so not bad in comparison to a savings account

The purchase timing in 2003 was good but the ending was only half decent and very nearly terrible

My timing of the ftse was actually worse with use of a tracker even with accumulated dividends it came to about 2.1% compound though in my case I seem to have actually bought at a higher (average) price then I sold but made a profit anyway.

Hopefully Ive learnt better timing since and I'd still go for the tracker again unless I was to intentionally repeat my lax management in which case the geb aint so bad



Alan's return after tax is about 4.9% I dont quite get why you have to pay income tax, its capital gains really but thats the tax man for you
http://www.online-calculators.co.uk/interest/compoundinterest.php