Invest to beat inflation: Why you need to make your money work for you

Invest to beat inflation: Why you need to make your money work for you
 

If left in a piggy bank the tenner's spending power would be just £6.17 in today's money, according to new research from fund manager M&G.
Those who saved it in the average deposit account would have £11.78, but that is worth just £7.27 in real terms.
M&G investment director Ritu Vohora said: "With prices rising at 3 per cent a year, the value of the new Jane Austen £10 note is eroding even faster."
Stock markets offer greater protection against inflation, with the FTSE All-Share turning a tenner into £24.31 since 2000, or £14.90 in real terms.
Government bonds gave a... read more

 
28 February 2018 in Business, Views: 37
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