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Advice needed Friends provident endowment

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Comments

  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    If you can switch without paying a penalty IMHO it might be worth trying 20 quid each into 3 funds

    1.Equity income Fund
    2.Property fund
    3.Stewardship income fund

    See how it goes for a year or two and if not happy cash in pay it off the mortgage.
    Trying to keep it simple...;)
  • bigal993
    bigal993 Posts: 26 Forumite
    Hi Edinvestor,
    Sorry m8, I thought I had to transfer, the money I had in there now, I think its £4,100 into the new funds, or can i just tell em to pay my next 12 months monthly payments into the funds you mentioned
    thanks for taking the time to reply m8
    Best regards
    Al
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    I would suggest you move the old money and the new money into the new funds.
    Trying to keep it simple...;)
  • bigal993
    bigal993 Posts: 26 Forumite
    would you just split, the money Equally between the 3 funds and see how it goes ?
    Best regards
    Al
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