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OEIC Benefits over other products
thriftyguy
Posts: 6 Forumite
hello there,
can anyone explain to me the benefits of putting £7000 in a lump sum OEIC MAXI ISA as opposed to a cash isa and or high interest deposit account?
can anyone explain to me the benefits of putting £7000 in a lump sum OEIC MAXI ISA as opposed to a cash isa and or high interest deposit account?
0
Comments
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In a nutshell, there is the potential for significantly greater returns if you are able to lock your money away for the long term. However, there is more risk to your capital. Asking a question like this indicates that you should do some research.
http://www.fool.co.uk/school/2006/sch060905.htm
http://www.fool.co.uk/school/2006/sch060220.htm
http://www.incademy.com/pages/home.htm?ginPtrCode=100020 -
thanks for the links i will do some research0
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