Tips on value for your money
Article Abstract:
Investors should be aware that advisers may select options which pay good commission rather than offering the best one for their client. Studying past performance does not necessarily indicate future performance and investors have to weigh the cost of charges against potential performance. They also need to check that Tessa accounts do not impose high charges for early closure and look at how much they pay over five years. Investors should avoid expensive guarantees and cheap accounts which have high annual dealing charges. They should be wary of small banks offering high interest rates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Make your income grow and grow
Article Abstract:
Income funds give capital growth and increasing income. Putting the investment in a Pep means the yield is tax-free. One thousand pounds sterling invested for five years in an income growth investment trust would have given an average return of 1,954 pounds against 1,921 pounds from an equity income unit trust and 1,158 pounds from a building society. Income funds usually invest in equities rather than securities with fixed-interest and fund managers select companies with good prospects for earnings growth which have low-cost shares.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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