Anyone Share Save?
I'm investing at the mo some money with work in a share save caper, just a small amount, about £50 a month fixed over three years to see what happens. Appears that its like a fixed savings account, I had a share rate fixed for the term, at the end I can take my money back out, if the share rate is the same or less, or buy the shares and then sell them if they are worth more.
For example, fixed share price is £1, I save £500, at the end I can take my £500 snoops back if the shares are worth less than a pound or are still only a pound, or if the shares are worth £5, buy £500 of them at a £1 a pop and net £2500
Now I already have some savings, a few fixed bonds, an ISA and a few easy access savings (the rates are a joke, but I can get access to the money) but I've never saved through shares.
Anyone have experience with this though, I can't see the risk, other than that what ever I save I don't get an interest on it, it all depends on the share rate, worst case the shares will be worthless and i'll just get back what I put in, best case... well, the sky is the limit, who knows what could happen, share price could and can sky rocket.
i literally walked out of my dads balls and he didn't even need to eject me. I beat you with these socks filled with cow ears so you could hear the last words i said to them before i killed them all.