OEIC Benefits over other products
Options
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
-
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
This discussion has been closed.
Categories
- All Categories
- 343.7K Banking & Borrowing
- 250.2K Reduce Debt & Boost Income
- 449.9K Spending & Discounts
- 235.8K Work, Benefits & Business
- 608.8K Mortgages, Homes & Bills
- 173.3K Life & Family
- 248.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards