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.
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
they just want a predictable safe return with little risk, so its bonds, isa's and savings accounts
Ask them how their bond portfolios have performed this year then...
@greentricky started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
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.