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A granny who has 200k to spare would be foolish to put it in a savings account.
4% is pathetic compared to a decent mutual fund, even an index fund.
davidual-
even an index fund.
Not so sure about this one, based on the last year or so of market performances. Long term, yes. But not if you're relying on monthly, quarterly or annual payouts.
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I know good few older folk who are cash rich and don't "trust" shares and investments, they just want a predictable safe return with little risk, so its bonds, isa's and savings accounts
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She’s very risk averse this Granny.
Not even got a mobile phone.
Stonehedge
greentricky
Hefty
You are though. A savings account last year was getting you 1% or so. You can get 4% now. So if Granny has £200k she’s gone from £2k a year to £8k. That’ll cover your food and heating bill rises no bother, and she’s probably not out buying a new car or a clothes or whatever else.
Assets m8. That’s what separates rich from poor and what they’re trying to trick you to not buying. Lease a car instead of buy one, Spotify instead of CDs, rent Microsoft office’
“Hey! Why buy stuff! Possessions are so millennium! Live for today!
Oh. Sorry, it’s tomorrow now and you can’t stop paying or we take your car, software and music away because it’s ours not yours you pleb.”