New research suggests that people would have fared better if they had left their money in savings accounts rather than investing it in the stock market .
A study conducted by Thomson-Reuters Lipper and commissioned by the BBC shows that if an individual invested £1,000 in 2000 it would now be worth an average of £1,094, while if it had been left in the bank it would be worth £1,358.
However, experts commenting on the research told the BBC that making the best of an investment is all about timing and if the money had been withdrawn in July 2007 the invested cash would have been worth more.
Jane Lowe, director of markets at the Investment Management Association, told the news provider that stocks and shares are not for people wanting to make a "quick buck".
Meanwhile, market analyst Defaqto recently claimed that the number of easy access savings accounts paying more than the bank of England's base interest rate has tripled in the past 24 months, rising from 20.9 per cent to over 28 per cent, reports the Press Association.
Savings accounts 'outperform stocks and shares'
Savings accounts 'outperform stocks and shares'
Thu, 28 Aug 2008
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