Duke of Marmalade
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They did in the end - but not by much.My recollection is that the equity based SSIAs outperformed the deposit versions.
My parents had two, and my mother's equity SSIA outperformed my father's deposit SSIA. I suppose the performance would depend on the start dates of the investments. Interestingly, there was at least one firm offering smoothed/with profit SSIAs.They did in the end - but not by much.
And if they rolled forward a further 2/3 years, they would definitely have underperformed deposits.
Your mam likes to take risks, your dad likes to play it safe. Ah well, they say opposites attract.My parents had two, and my mother's equity SSIA outperformed my father's deposit SSIA. I suppose the performance would depend on the start dates of the investments. Interestingly, there was at least one firm offering smoothed/with profit SSIAs.
It reads like a personal anecdote so maybe it is one of her own. It remains that this is a really unjustifiable contribution and smacks of that bunker I talked about.Minister Humphreys in Seanad debate said:I would like to mention a case I came across during the period of the special savings incentive account, SSIA. It is important to me that everybody is treated equally regardless of whether they decide to go for low-risk, medium-risk or high-risk. During the SSIAs, which were very successful, I saw that some people decided to go for equities and ended up with a return that was much lower than if they had gone for a different savings approach. It may not have worked out or have been there long enough.
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