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Savings and Inflation

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  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    xylophone wrote: »

    If it was, and had OP invested it globally back in 2009 it would likely be in the region of £300k now. Such is what happens when you are too worried about taking "risk". That £100k in today's money would be about £130k in today's money as well
  • urbantus
    urbantus Posts: 18 Forumite
    Sadly
    I didn't have £100k to invest or save back then
  • dqnet
    dqnet Posts: 308 Forumite
    Tenth Anniversary 100 Posts Combo Breaker Name Dropper
    Actually saving in accounts paying over 2% will be beating inflation (presently anyway).

    Inflation is currently under this figure so whilst you may not be 'making any money' you certainly won't be loosing any to inflation either (which seems to fit with your goal of maintaining its value).

    All that can change of course if inflation goes even slightly above the maximum savings rate available at the time.


    That's how I understand it anyway :)
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