What is the best savings plan?

by , 2 Aug 2012

I want to save equal monthly amounts and get a lump some at the end of a period. which is the best product for me?

Additional Information

added 7 Aug 2012...

I meant should i go for OEICs or Unit Trust?

Answers

add your answer here

Hi,

It depends on...

1) How long you want to save for
2) The amount you want to save
3) How much you want to get
4) What level of risk you're willing to take

by G-Man, 3 Aug 2012

Hi,

OEICs and Unit Trusts are virtually identical - they're both open ended investment vehicles. It's just the laws under which they've been formed that are (slightly) different, so it doesn't matter.

by G-Man, 7 Aug 2012

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