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those who opted for equity-based SSIAs will receive the highest returns

Comments

  • #2
    mathie
    Registered Users, Registered Users 2 Posts: 5,103 ✭✭✭mathie


    doshin wrote:
    http://www.bizplus.ie/news/1128 :D glad it took me so long to sort my self out

    I'd initially plumped for an equity based one when they came out and BOI screwed up my application and claimed they never got it. So I ended up getting in at the very last minute with an equity based one. Hurrah! :)

    M


  • #3
    D'Peoples Voice
    Registered Users, Registered Users 2 Posts: 1,698 ✭✭✭D'Peoples Voice


    doshin wrote:
    http://www.bizplus.ie/news/1128 :D glad it took me so long to sort my self out

    Well considering that most people started their equity based investment during a recession, it's not much of a surprise that when they take their money out, after the recession has ended, that it will be worth a lot more than some deposit based account.
    The only reason I went for an equity based one was because of the recession, hence most if not all stocks and shares were relatively underpriced:D

    Of course because it's a regular savings plan as opposed to a lump sum, and as the prices of stocks and shares increase as you moved out of the recession in 2002/2003 onwards, I did run the risk that I would be paying relatively high prices for stocks and shares in my last year or two in the plan, but it was worth the chance!


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