S
Smallspuds
Guest
Good day,
I invested the maximum amount in a Bank of Ireland equity based SSIA which matured in April 2007. I then availed of a BoI offer at that time to continue saving the same amount for a further 3 years and the bank would match the Government contribtion for 6 months. This offer also allowed one to withdraw a maximum of 50 % of the value of the matured SSIA on maturity which I did.
However, since May 2007 the value of this equity investment has taken a severe hammering in terms of its value. When I spoke to a Bank of Ireland Life official early this year regarding the sense in continuing making monthly a contribution, she suggested that as that market was now weaker my contributions were now purchasing more units for my fund and she advised me to continue making contributions.
I am now seriously considering diverting my monthly savings elsewhere and would appreciate any sound advice as to where I might maximise returns and also any effect it might have (if any) on my existing investment with BoI.
Thank you
I invested the maximum amount in a Bank of Ireland equity based SSIA which matured in April 2007. I then availed of a BoI offer at that time to continue saving the same amount for a further 3 years and the bank would match the Government contribtion for 6 months. This offer also allowed one to withdraw a maximum of 50 % of the value of the matured SSIA on maturity which I did.
However, since May 2007 the value of this equity investment has taken a severe hammering in terms of its value. When I spoke to a Bank of Ireland Life official early this year regarding the sense in continuing making monthly a contribution, she suggested that as that market was now weaker my contributions were now purchasing more units for my fund and she advised me to continue making contributions.
I am now seriously considering diverting my monthly savings elsewhere and would appreciate any sound advice as to where I might maximise returns and also any effect it might have (if any) on my existing investment with BoI.
Thank you