Are bonds accounts suitable for long-term saving?
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Written on: 16.11.2009 [03:29]
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Manfred
Manfred
Topic creator
Posts: 5
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Are bonds accounts the right vehicle for long-term saving? The deals are available only for set time periods but the returns are often high...? |
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Written on: 17.11.2009 [01:41]
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Cynthia
Cynthia
Posts: 6
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Your best bet for long-term savings is to mix and match your portfolio. There's no point in investing in only one type of savings account / 'vehicle', because you'll have all your eggs in one basket and miss out on the advantages of other accounts. Bonds are definitely a good idea: if you invest wisely, you can make good returns without any risk to your original capital! Bond investments typically run for between one and five years, but if you've been pleased with the performance you can reinvest, or if not, you can put your money in a different scheme. You should reassess your investments every year or two anyway, so it's not necessarily a disadvantage that they won't be locked away for ever! |
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