Grandad.Malky Posted May 15, 2011 Share Posted May 15, 2011 Ahh, well, you hadn't mentioned her age. In that case you should have told her to pull her money out sooner. She shouldn`t have but into a share ISA in the first place but she was happy with her payout every year, it paid for her holidays , we couldn’t get it through to her that the pot of money was going down ……….. she just saw it as a free holiday. Link to comment Share on other sites More sharing options...
Vague_Boy Posted May 15, 2011 Share Posted May 15, 2011 My question is if I had stuck my 7k in the building society and not touched it how much approx would it be worth now. In monetary terms, maybe a bit more than your original sum, but in terms of purchasing power, much less. Some claim that inflation since 1997 (compounded) is 72%. So if your original £7k is now £14k, congratulations, you have managed to stay ahead of inflation (100% return set against 72% inflation over the same period). Link to comment Share on other sites More sharing options...
Vague_Boy Posted May 15, 2011 Share Posted May 15, 2011 You can find out exactly how much by using this useful tool http://www.thisismoney.co.uk/long-term-savings-calculator Except that building society interest rates have not been static since 1997. Quite the opposite in fact. Link to comment Share on other sites More sharing options...
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