Guaranteed Investment Bonds

SpinnerB

Mikeyorks wrote: »

The 18th April 2011 or 2012 sounds a better time for a celebratory glass?

Is anyone who dipped a toe in PLE37 ..... going for PLE38 as well? As it's a bit like backing the same horse twice, in the same race!

I just thought it would be nice to remind us all to bump this thread next year as we approach the 1st anniversary to see how the ftse100 is going and what was going to happen, I don't mind which year it makes it, just hope it does ... I agree, I'm not going for PLE38, lets see what 39 offers.

dunstonh

I think you would be better with a gap or at least wait until last minute to see what happens to the FTSE.

SpinnerB

dunstonh wrote: »

I think you would be better with a gap or at least wait until last minute to see what happens to the FTSE.

Hence why I used the date of the 1st year anniversary 20th April 2009, I've put it in my calender for next year to remind me to have a look ...

Mikeyorks

meester wrote: »

perhaps PLE39,

Think that might be sensible .... but, from a personal view, more that it moves the FTSE into a new phase rather than just the price.

But they do appear a bit haphazard on these FTSE offerings? If the historic bit of their site is reliable .. there were 4 in 2006, but none in 2007!

dunstonh wrote:

I think you would be better with a gap or at least wait until last minute to see what happens to the FTSE.

......so I think I might just go with that latter aspect. I had a lot of funds tied up when PLE37 was active. So might just consider PLE38 a supplementary bet on the same horse!

daveoc22

I took this out close to closure and my cheque was presented on the final day.

I've not had any paperwork yet---how long did others wait and what were you sent.

Thank you

Joey122

daveoc22 wrote: »

I took this out close to closure and my cheque was presented on the final day.

I've not had any paperwork yet---how long did others wait and what were you sent.

Thank you

You took what out?

Which structured product?

Mikeyorks

daveoc22 wrote: »

I took this out close to closure and my cheque was presented on the final day.

I've not had any paperwork yet---how long did others wait and what were you sent.

Would have thought you should have had a basic acknowledgment of the cheque? But the confirmation of your investment / start value of FTSE etc .....they do say to allow 25 days (ie from 18th April).

meester

SpinnerB wrote: »

See you all back here on the 20th April 2009

Seeming unlikely at this point.

What chance we get paid before 2014?

cepheus

I would be content for the market not to spike down and the whole thing to default to a tracker without dividends. If so we could be waiting until 2024 or longer. Looking at your previous post the trigger for a tracker must be 3028.

This sort of thing is not my usual strategy, it makes me feel helpless and unable to intervene. Glad I didn't put everything in!

meester

cepheus wrote: »

I would be content for the market not to spike down and the whole thing to default to a tracker without dividends. If so we could be waiting until 2024 or longer.

If that happens, and it looks quite likely now (that the FTSE goes to 3000 even briefly, intraday) AND the FTSE is below 6056 in 2014, we get back the closing value divided by 6056 multiplied by our original investment.

Of course, even if it falls to 3000, if it recovers back over 6056 at any year-end (and that's a big ask really), we still get our money plus 16% p/a simple interest.