To calculate my pension savings credit the pensions department
assume I get 11% interest on my modest lifetime savings can anyone tell me where I can get that?
2007-03-04 22:38:31 · 10 answers · asked by Curly Top 2 in Business & Finance ➔ Personal Finance
Boy 11% on savings what the hell is that some kind of a pipe dream you cant get that anywhere ..........but im going to look at answers and see who lies to you
2007-03-04 22:48:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
II% from saving a/c? Are you dreaming?
Also wrong are the people who tell you to expect 11%easily from the stock market. The stock market is a gamble where you can make 11% if you are lucky and lose 11% if you are unlucky. There is a saying in the stock market: 10% per annum, perhaps.
The government advice to people investing for personal pensions is to plan for a growth of 6 -7 % pa.
In the last 10years, the average UK mutual fund grew by 7.4% pa and the average fund invested in US by 4.4%pa
Cheers.
2007-03-05 09:07:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Are you sure interest is the correct word? 11% is an absurdly high interest rate in today's environment.
On the other hand, 11% return on investment is not unreasonable. Over the long term, the SP500 has averaged about that.
Any above average stock mutual fund should give you that kind of return.
2007-03-05 05:22:01 · answer #3 · answered by Quixotic 3 · 0⤊ 0⤋
It is risky to put your hard earned savings at any where, except at post office and nationalized banks. They give 9.1 % which is not bad.
2007-03-04 22:43:39 · answer #4 · answered by deepak57 7 · 0⤊ 0⤋
You can probably get 18 percent from tax certificates (paying property tax for people who pay late).
2007-03-04 22:49:25 · answer #5 · answered by onelm0 7 · 0⤊ 0⤋
I am going to watch these answers really close!
2007-03-04 22:41:46 · answer #6 · answered by Scrumpy 3 · 0⤊ 0⤋
At a party where everyone is drunk
2007-03-04 22:43:46 · answer #7 · answered by name game.com 2 · 0⤊ 0⤋
When you find out, can you tell me?
2007-03-04 22:49:13 · answer #8 · answered by Anonymous · 0⤊ 0⤋
you invest in market
2007-03-04 22:45:12 · answer #9 · answered by hitendra d 2 · 0⤊ 0⤋
9.1% in the uk.. really?
2007-03-04 22:45:22 · answer #10 · answered by Nomio 2 · 0⤊ 0⤋