Money, investing, mutuals etc
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expressman33
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by expressman33 » Wed Nov 07, 2018 11:19 am
planteria wrote:
and yes they are em.. that doesn't really argue against my point though. are the underlying investments in the Pru bond supporting those returns? do you have a link to the product please?
I took the bond out in 2002 with £25k , didn't do that well over the financial crisis but is now worth over 60k ,
Last edited by
expressman33 on Mon Dec 24, 2018 10:25 am, edited 1 time in total.
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planteria
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by planteria » Wed Nov 07, 2018 11:31 am
thank you em, interesting. the only thing i have comparable is an LV bond - opened as a bag. 10% of your game though pal.. £2500 worth c£6000. the concept is still that LV could demutualise or be taken out one day (another shame Goldman aren't struggling for traction

) ..as it happens I have a pension with LV now too, after they absorbed Teachers Assurance.
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planteria
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by planteria » Sun Dec 23, 2018 10:55 pm
are Marcus savers covered by the FSCS?
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Richard Frost
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by Richard Frost » Sun Dec 23, 2018 11:07 pm
planteria wrote: ↑Sun Dec 23, 2018 10:55 pm
are Marcus savers covered by the FSCS?
A few moments searching their T&C found this.
From their terms and conditions
13. How your money is protected
The money you hold in your Marcus account with us is protected under the Financial Services
Compensation Scheme (FSCS).
The FSCS deposit guarantee scheme protects people’s money up to a certain limit. This limit is applied to
the total amount of money you have with both Goldman Sachs International Bank and Marcus by
Goldman Sachs.
You can learn more and check the current limit by reading our FSCS information sheet, visiting our
website or the FSCS website at fscs.org.uk.
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AAAlphaThunder
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by AAAlphaThunder » Mon Dec 24, 2018 3:12 pm
expressman33 wrote: ↑Wed Nov 07, 2018 10:12 am
planteria wrote:that's interesting too.. it shows, in case it were needed, that so much cash is looking for a home, and also BSs will struggle to use very much of it profitably. all that cash saved at 1.5/1.55% is losing money in real terms, of course

.
The banks are able to invest in a large range of fixed rate bonds and get better rates.
I currently have a bond which has made 6-7% for the last 3 years and is on target to do so again this year
WOW, that's a very good easy return.
[Secretary] imutual Cashback Investment Club
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planteria
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by planteria » Tue Dec 25, 2018 9:32 am
AAAlphaThunder wrote: ↑Mon Dec 24, 2018 3:12 pm
WOW, that's a very good easy return.
agreed. perhaps a 'Bond' of a different kind ..an Investment Bond?

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Sarah
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by Sarah » Tue Dec 25, 2018 10:24 am
Marcus are now advertising to attract new customers - hopefully a step closer to offering incentives!
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planteria
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by planteria » Tue Dec 25, 2018 1:13 pm
agreed Sarah.. but the best rate the in the market will be deemed enough, i suspect.
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planteria
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by planteria » Mon Dec 31, 2018 3:56 pm
i clocked one of their TV ads the other night Sarah.. any sign of any incentives? i'm looking at opening an account from tomorrow..