Lump Sum Investing vs Saving
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marielle
Apprentice
Joined: 28 Dec 2005
Posts: 8
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 Posted: 09/12/07 - 10:13 Post subject: |
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| Here is the question: is it better to go for Lump Sum investing or for usual bit by bit saving. I am posing this question since I have 23,000 pounds available for putting in bank. I would be very glad if you provide me with the necessary information on this issue. Please, name all the relevant features of both of these methods of saving. Thanks in advance. |
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fallon
Apprentice
Joined: 04 Jul 2007
Posts: 21
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| Posted: 10/05/07 - 22:42 Post subject: |
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| There are lots of people here in United Kingdom who are posing the same question at the moment. Namely, to opt for one of these options (to invest a lump sum of money or bit by bit) would depend on many characteristics of your financial background. Initially, it would depend on how much money you are able to invest at the moment. If you have more money, it is better to go for lump sum of money. For example, if you have the amount of 12,000 pounds and you invest it into Britannia building company who also offers these kinds of services, from ten years now you would have 31.560 pounds, which is really great. On the other hand, if you opt to invest only 100 pounds per month after ten years you would have 15,749 pounds. Therefore, if you are into risks and have money for additional investments go for lump investing. |
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