| Product: |
Aberdeen Asset Management |
| Date: |
28/09/00 (278 review reads) |
| Rating: |
 |
Advantages: Can make regular savings
Disadvantages: Advised to leave for at least 5 years
I haven't got a regular savings/investment
account with anyone other than life policies
etc., so I have been scouring the financial
papers and websites for info regarding Unit/
Investment Trust savings plans.
One I have come across quite often and which
is always in the top 5 unit trusts over 5 yrs
(which is the recommended minimum time to leave
the money invested) is the Aberdeen Technology
Unit Tust Fund.
The performance figures can be found on their
website and look pretty good.
They are based on either £50 per month which is
the minimum savings allowed or £7,000 lump sum
(I wish!) although you can invest a minimum
lump sum of £500.
£50 per month
Year 1 £753
Year 5 £10,912
Since £224,294
Launch
Feb 82
£7000 Lump Sum
Year 1 £14,364
Year 5 £42,521
Since £522,818
Launch
Feb 82
The site states that £50 per month saved over
10 years would now be worth £57,994 for an
total initial outlay of £6,000 which is pretty
impressive.
I just wish I had saved £50 per month in this
over the last 18 years instead of my endowment!
They charge 4.2% on your ivestment and an
annual charge of 1.5%, which wouldn't be a
great deal of £50 per month and these are
built into your investments so, I presume
instead of £50 being invested it would be
something like £47.
Anyway, I may make use of some of my Dooyoo
earnings and invest it!
I think the website could be worth a visit,
(the only thing I didn't like about the site
was I could'nt find the charges, so I had
to ring the helpline number).
www.aberdeen-knowhow.com
Application forms can be printed from their
website.
***************** UPDATE *****************
Value of £1000 invested
with net income re-invested.
Over 3 Years £3,746
Over 5 Years £4,677
As published in the Financial Mail on Sunday
dated 12 Nov 2000.
Summary:
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Last comments:
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- 20/05/03 Contrary to the last poster, it is not a good first investment. As subsequent events show, investments can plummet as well as can go up. Specialist areas such as "tech stocks" can plummet better than most. A first investment should always be a lower risk generalised fund such as one based on the FTSE 100, 250 or all share. It may not have the meteoric growth potential of the Aberdeen fund but it will perform with much less risk. Riskier funds should be left for those with larger portfolios and/or those who can wait a LONG time |
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- 15/07/01 Seems to b good enough for a first investment. thx for the tip but I need more info.
Alex |
 |
- 18/11/00 If your thinking about investing for the future remember that if you start with a minimum £10 per month it is wise to increase it as the years go on, to cover inflation. Sounds like a good investment plan though.
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