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Savings for new grandchild

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Comments

  • qpop
    qpop Posts: 555 Forumite
    CLAPTON - Have a look at the second link in my post. The returns on the columns on the right of the table are bid-to-bid with income re-invested (i.e. net of ongoing charges) but don't account for initial charges or bid-offer spread (the initial charges can often be avoided by using a discount broker, and bid-offer spread only tends to affect certain funds)
    I am an IFA, but nothing I say on this forum constitutes financial advice. Always draw your own conclusions and always do your own research.
  • CLAPTON
    CLAPTON Posts: 41,865
    10,000 Posts Combo Breaker
    Forumite
    edited 22 November 2011 at 12:22PM
    in feb 2001 I put 3000 in L&G uk index linked tracker ISA

    in feb 2011 it was valued at 4146 an increase of 1146 or 38% (all divi re-invested)

    now taking inflation into account that's probably a negative


    I didn't know about discount brokers in those days but for a cautious beginner it isn't very encouraging
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