Legal + General ISA - 20%+ immediate return

stphnstevey

L&G are offering £110 cashback on Quidco for a mnimum £500 investment in their S&S ISA - so straight away you get 20% return on your money!

Obviously it's not all sweetness and lights - S&S can go uo as well as down. There are intial 3% charge and 1% man charge a yr

Worst Worst case - Lose all £500 and left with £110 - minus 80% return - likelyhood = low

Worst case - Minus 20% return - £110 makes up for this - nothing ventured, nothing gained - Liklyhood = possible

Best case - 10% return - £110 adds another 20% - 30% return - Liklyhood = possible

Best Best case - 100%+ return - £110 adds another 20% - 120%+ return - Liklyhood = low


What do you think?

Milarky

This this one has been doing the rounds for some time. The options are either a minimum lump sum of £500 or a £50 regular contribution plan. The risks/rewards are correspondingly less on the latter. Option to close ISA as soon as cashback is paid. Remember that you only get '£110' if you have already obtained Quidco cashback this year- otherwise deduct £5.

(Just search the ISAs subforum for the various threads)