Investment & Investing

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Howard

You’ll get more than 3% In the long term if you drip buy tracker in a stocks and shares isa.

If you don’t then you’ll have bigger things to worry about than small beer on your mortgage - like global apocalypse and mass unemployment.

But sure if you literally do not know what to do with the money then overpay.

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NotThamesWater in reply to @Howard

In the long term

Where long-term is > 10 years, preferably > 25 years

In a pension fund, say, where you also can gross up the contributions and defer income tax to when you are probably going to be paying a much lower rate.

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Howard in reply to @NotThamesWater

A moderately well selected moderate risk s&s isa will do 3% in that timeframe.

There is a small chance it will not, roughly the same chance that your 10 or 20 year investment will tank the month before you divest it.

There’s a bigger chance it will do more than 3%.

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