NS&I 5 year index linked saving certs 2011 issue - half way point!

Glen_Clark

polymaff wrote: »

Inflation-linked bonds have tended to be subsidised products - and with the politically-designed 65+ bonds soaking up such subsidy as is acceptable to HMG (the grey vote factor) - Inflation-linked Certs can't have been NS&I's favoured product for quite a while.

I doubt that there is any forward planning of the sort you suggest.

Spot On :T

The over 65's are the group most likely to vote, so targeting the slush fund to them is just base politics.
Youngsters are getting the worst deal, but then if they can't be bothered to vote perhaps they get the politicians they deserve http://www.telegraph.co.uk/men/thinking-man/11231796/If-youre-under-30-bad-luck.-Youre-screwed.html

englisho

Me and the wife have one each taken out Jun 2011.. Mortage is paid off next summer too plus an endowment is due to mature also..

I really have no idea which way I'll go at the moment.

veryintrigued

Bumping this thread up in advance of next Tuesdays inflation figures which will be the 4 and a half year anniversary of this issue.

It'll be interesting to see what the average growth has been on them over this time but I reckon it'll be 3.1-3.2% PA.

polymaff

veryintrigued wrote: »

Bumping this thread up in advance of next Tuesdays inflation figures which will be the 4 and a half year anniversary of this issue.

It'll be interesting to see what the average growth has been on them over this time but I reckon it'll be 3.1-3.2% PA.

AIUI the OP's 4.5 year point data is already declared - and it doesn't look so rosy. His 4 year compound rate was only 2.96%, and, even with the 0.86% coupon in the final year, he'll fall short of that 2.96% by up to about 0.25.

veryintrigued

polymaff wrote: »

AIUI the OP's 4.5 year point data is already declared - and it doesn't look so rosy. His 4 year compound rate was only 2.96%, and, even with the 0.86% coupon in the final year, he'll fall short of that 2.96% by up to about 0.25.

I am the OP and I haven't declared the 4 and half year anniversary as far as I can see!

4years and 5 months after I took this after last months figures showed it had increased by 13.92%.

I make that 3.01% up to last month so at least we agree 3.1% is optimistic!

I had to google 'AIUI'!

polymaff

veryintrigued wrote: »

I am the OP and I haven't declared the 4 and half year anniversary as far as I can see!

4years and 5 months after I took this after last months figures showed it had increased by 13.92%.

I make that 3.01% up to last month so at least we agree 3.1% is optimistic!

I had to google 'AIUI'!

Your OP was in November 2013, 2 years and 6 months after May 2011 and plenty of the posts are assuming that we're talking of a 5-year ILSC taken out in May 2011. AIUI, an ILSC which will finally cash in May 2016 will have used the index published in April as its final data. Subtract 6 months and the last index used for a 4.5-year valuation would be the index published in October? (The latter is an assumption about valuation versus encashment as I've never prematurely encashed an ILSC )

veryintrigued

polymaff wrote: »

Your OP was in November 2013, 2 years and 6 months after May 2011

Correct - and this has been bumped up in November 2015 - i.e. 4 years and 6 months after May 2011.

polymaff wrote: »

plenty of the posts are assuming that we're talking of a 5-year ILSC taken out in May 2011.

Not 'plenty' - 'all posts'

polymaff wrote: »

AIUI, an ILSC which will finally cash in May 2016 will have used the index published in April as its final data.

Not sure on that, you could well be right. However this thread has always calculated the time since we took these out in May 2011.

polymaff wrote: »

Subtract 6 months and the last index used for a 4.5-year valuation would be the index published in October?

See above - you should have mentioned it at thread creation two years ago (when it was maybe a valuation two years and seven months after taking the issue out!!)

P.S. I had to re-google 'AIUI'!! AIUI the phrase you keep using isn't really needed! ;-)


P.P.S. This forum is creaking at the moment - seems to be in a real heap!

polymaff

veryintrigued wrote: »

Not sure on that, you could well be right. However this thread has always calculated the time since we took these out in May 2011.

Well many wrongs do not make a right - and, anyway, you cannot speak on behalf of "this thread"! All the figures I've published on MSE are based upon this assumption - an assumption which always produces a result matching NS&I final valuations. (As I hope that you will acknowledge next May)

veryintrigued wrote: »

P.S. I had to re-google 'AIUI'!! AIUI the phrase you keep using isn't really needed! ;-)

Oh, it is just a polite way of responding to assertions one believes to be incorrect - so plenty of potential within MSE

veryintrigued

polymaff wrote: »

Well many wrongs do not make a right - and, anyway, you cannot speak on behalf of "this thread"! All the figures I've published on MSE are based upon this assumption - an assumption which always produces a result matching NS&I final valuations. (As I hope that you will acknowledge next May)

Oh, it is just a polite way of responding to assertions one believes to be incorrect - so plenty of potential within MSE

Polymaff - I'll continue to update this thread each month with the NS&I official estimated valuation from their site.


AIUI that may continue to irk you so I apologise in advance.


Back to the subject matter on Tues....

veryintrigued

So 4.5 years after taking this up the NS&I calculator has been updated with the figures from the Retail Prices Index (RPI) figure last updated on 17 November 2015.

Mine is showing up 0.04% on last month and 13.99% increase over the term so far.




http://www.nsandi.com/ilsc-calculator