Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Abbey Guaranteed Growth PAln 10 (5.5 Year) - A bad investment?
Comments
-
Deleted_User wrote: »I decided to instruct my bank (who already had most of my parents money) to put it somewhere where there would be no risk to capital and a guaranteed return.
I'm totally astounded that even after this thread has run to 50 posts, many of them very detailed and informative, that the OP still fails to grasp that inflation is a risk to capital. With this kind of attitude you might as well invest in Zimbabwean dollars!Deleted_User wrote: »so I'll take make a sharp exit before I get anyone else all hot and bothered.
phew!Midas.0 -
Midas, thank you SO much. Very helpful, relevant and informative.
Anyway, moving on.....
DRS1, if you're still out there - what's your take on how this investment is looking now from the point of view of savers rather than investors? (25% over 5.5 years, plus 8.1% for one year on an equal amount)???
Also, I remember you saying you took out a similar investment and that yours was closer to maturity than mine - how has it faired? How are you feeling about it now?0 -
It was rubbish then and it would still be rubbish 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards