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Santander Investment Bond Portfolio Shares

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stoneroses89
stoneroses89 Posts: 21 Forumite
edited 17 January 2014 at 5:59PM in Savings & investments
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Back to the original post...

Hi,

I have a friend at work whom has around 50k in The Santander Bond accumulation shares Portfolio. He says that he is averaging 10 per cent interest a year!

Anyone heard or understand these shares? are they a good idea? As im thinking of investing...although im not so sure my friend isn't kind of overdoing how well he says this bond with Santander is doing!

Im not too sure,any advice please??!

Comments

  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    I know nothing about the investment you friend has, but the stock market did quite well over the last year so 10% is not out of the possible. However, as always, past performance is no guarantee for the future.

    Whatever the investment is, I would never make an investment with a bank, with the exception of HSBC tracker funds. Your choice would be immensely limited. Also, investing into shares doesn't strike me as the best approach for a newbie since you do need quite a bit of experience to pick and manage your portfolio, plus you need a fair bit of money before it really becomes sensible to deal in shares.

    You'd be much better advised to look into funds, specifically tracker funds. But before you buy anything, you should read a fair bit, e.g. Tim Hale's "Smarter Investing", and the passive investing stuff on monevator.com.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    bonds have done well since 2008
  • jimjames
    jimjames Posts: 18,657 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ses6jwg wrote: »
    bonds have done well since 2008

    So this isn't shares then?

    Is it a guaranteed product or a bond fund run by Santander?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • dunstonh
    dunstonh Posts: 119,646 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is this an investment bond (i.e. the tax wrapper that contains unit linked funds) or is it a corporate bond issued by Santander?

    Investment bonds do not pay interest.
    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.
  • jem16
    jem16 Posts: 19,587 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dunstonh wrote: »
    Is this an investment bond (i.e. the tax wrapper that contains unit linked funds) or is it a corporate bond issued by Santander?

    Investment bonds do not pay interest.

    I would hazard a guess that it's this one.

    Santander Investment Portfolio

    Apparently it used to be known as the Santander Bond Portfolio and changed its name from September 2012.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    jem16 wrote: »
    I would hazard a guess that it's this one.

    Santander Investment Portfolio

    Apparently it used to be known as the Santander Bond Portfolio and changed its name from September 2012.

    Entry charge that !!!!!! Turpin would be proud of:eek:
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • geoffken
    geoffken Posts: 352 Forumite
    Part of the Furniture Combo Breaker
    With no current entry charge as stated then not as bad as first thought although running charge quite high.
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