A healthy outlook
Article Abstract:
Those who wish to plan ahead financially for the possibility of poor health should first establish an emergency fund to deal with unforeseen developments. This should be around 6,000 pounds sterling. If a reasonably large sum of money is available to invest, then it is worth maximizing the Individual Savings Account allowance of 7,000 pounds sterling per person for 1999 to 2000. If capital is to be created over a 10 to 15 year period, then it is possible to consider some medium-risk investments, such as Gartmore's UK Index Fund.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Plans to maximise lump-sum savings
Article Abstract:
It is wise to put aside a fund for emergencies which is equivalent to three months' expenditure. This money could be placed in a postal account offering a competitive rate of interest. Money being set aside for planned expenditure can be placed in a notice account, which will offer a higher rate of interest. Surplus funds can be used to pay off some of a mortgage, but this can bring high redemption penalties. It may therefore be better to invest the money in a reasonably diversified, actively managed portfolio.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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World traveller trains her sights on a steady income
Article Abstract:
Those who are uncertain of their medium-term plans, such as those training for a new career, should keep a reasonable amount of money in a building society account to ensure that they have a small income to help in meeting day-to-day expenditure. It is not advisable to commit a large proportion of your capital to investments demanding a long time-frame. It is worth considering a traditional With Profits Bond through a company such as Scottish Widows or Prudential.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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