Consider investing our savings into an Investment bond, with the commission gifted back so as the charging structure provides 100% allocation with no exit penalties.
The fund to consider is a protected profit fund, where you are guaranteed that your investment will not fall below 80% of the highest price achieved in the trading history of the fund, however as prices have fallen you can now buy with a higher guarantee and todays prices are giving an on going guarantee of 90.16%, therefore it simply means that you cant fall at any time below 90.16% of your investment, and you can achieve growth as the price rises, when the price goes past the previous best the gaurantees increase again, i believe these funds will become very popular.
The last fund from four years ago has been closed to new business as the investors are sitting on 114% guarantees of there money, not bad in this market.
The bonds also come with the following compensation cover 100% of the first £2000 invested and 90% of the remainder unlimited.
Todays tip from the Artful Dodger
