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Wealthify - maximum gains and losses you've noticed
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Alexland said:There was a tiny profit but I didn't think it was worth mentioning. Similarly our youngest son just made an 83p profit on his £30 Onefamily Junior ISA which we only opened for the £80 Topcashback which has now paid so the account is transferring to Vanguard.
It comprised of: deposit = £300.00
monthly payments = £20.00 x 6 = £120.00
manual payment = £20.00 (somehow in February 2020 I've done a manual payment. No idea why I did this!)
Bonus = £40.00
Plan growth = £8.15
Total = £488.15
Wish I'd kept it open now (considering the dire interest rates offered on savings accounts)0 -
OceanSound said:Alexland said:There was a tiny profit but I didn't think it was worth mentioning. Similarly our youngest son just made an 83p profit on his £30 Onefamily Junior ISA which we only opened for the £80 Topcashback which has now paid so the account is transferring to Vanguard.
It comprised of: deposit = £300.00
monthly payments = £20.00 x 6 = £120.00
manual payment = £20.00 (somehow in February 2020 I've done a manual payment. No idea why I did this!)
Bonus = £40.00
Plan growth = £8.15
Total = £488.15
Wish I'd kept it open now (considering the dire interest rates offered on savings accounts)Markets fell around 35% between 24th Feb and 24th March. It then bounced back quickly over the months that followed.So, your Feb payment may well have gone in after some of the drop and benefitted from the recovery. The earlier money would have suffered the whole drop. Although it would be back in profit again by now.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.0 -
dunstonh said:OceanSound said:Alexland said:There was a tiny profit but I didn't think it was worth mentioning. Similarly our youngest son just made an 83p profit on his £30 Onefamily Junior ISA which we only opened for the £80 Topcashback which has now paid so the account is transferring to Vanguard.
It comprised of: deposit = £300.00
monthly payments = £20.00 x 6 = £120.00
manual payment = £20.00 (somehow in February 2020 I've done a manual payment. No idea why I did this!)
Bonus = £40.00
Plan growth = £8.15
Total = £488.15
Wish I'd kept it open now (considering the dire interest rates offered on savings accounts)Markets fell around 35% between 24th Feb and 24th March. It then bounced back quickly over the months that followed.So, your Feb payment may well have gone in after some of the drop and benefitted from the recovery. The earlier money would have suffered the whole drop. Although it would be back in profit again by now.
edit: only 5 payments were required to qualify for offer, so I probably made manual payment to 'test' how to make additional payments (I remember, was at one point considering keeping the plan and adding about £1000-2000), how long it takes to go through and be added to the plan etc.0
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