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Long term monthly saving plan
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Nemo101
Posts: 61 Forumite
Hi, My endowment just matured with L&G and thankfully did good. I'm now looking for a new long term monthly saving plan investing upto £100 monthly for 10 years or more.
I looked at Scottish friendly societies but not sure. any help pleasse?
I looked at Scottish friendly societies but not sure. any help pleasse?
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any help please
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Consider a couple of unit trusts or OEICs held within an ISA. Over 10 years you will probably see more growth than with a friendly society savings plan, as those tend to be expensive with poor returns.Hi, My endowment just matured with L&G and thankfully did good. I'm now looking for a new long term monthly saving plan investing upto £100 monthly for 10 years or more.
I looked at Scottish friendly societies but not sure. any help pleasse?I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
I looked at Scottish friendly societies but not sure. any help pleasse?
Hopefully you realised how poor value they looked compared to the other options.
Aegis has mentioned the method most commonly used nowadays.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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