Feb. 17th, 2007

pm215: (Default)

I have a FTSE-index-tracking ISA which I've been feeding a regular monthly payment into for seven years now. Today I worked out that in order to get the same return from a simple savings account it would have had to have a 10% AER. Which is quite satisfying, especially given that the ISA spent the first five years of its existence at a net loss...

That assumes that I got the maths right, of course )

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