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EGG Guarenteed FTSE Bond
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Tayus
Posts: 313 Forumite
Can any1 tell me how much i would stand to get if the the bond were to be cashed in now? (i know it cant, 5 year bond)
£1000 invested
Ftse 4750 at start of investment
£1000 invested
Ftse 4750 at start of investment
Aoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae we do not raed ervey lteter by it slef but the wrod as a wlohe.
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Comments
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£1000 if you are lucky. These bonds have surrender penalties. Why not ask them?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
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£1000 profit?Aoccdrnig to a rscheearch at an Elingsh uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht frist and lsat ltteer is at the rghit pclae. The rset can be a toatl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae we do not raed ervey lteter by it slef but the wrod as a wlohe.0
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The FTSE 100 has gone up to 5230 ie + 480 or 10%. I don't know the terms of the Egg FTSE Bond but hope that helps.0
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Tayus wrote:Can any1 tell me how much i would stand to get if the the bond were to be cashed in now? (i know it cant, 5 year bond)
£1000 invested
Ftse 4750 at start of investment
Hi, Tayus,
The current value using the closing level of the FTSE 100 on Friday would be around £1090 if this were a tracker. However, most providers of GEBs calculate the final value by taking an average of the index they're tracking for the last six months of the term; that would give you a final after tax value of roughly £1030.
HTH
All academic, of course, as you know :-)
Cheerfulcat0
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