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Lowe, Jonquil
(2010).
URL: http://www.palgrave.com/page/detail/personal-inves...
Abstract
Having identified a need to save or invest, private investors have a wide range of assets and products to choose from. There are many different types of savings and investment product, with a variety of different features. Some offer income, some capital gain, others both; some have guarantees, some do not; charges may be explicit or subsumed into the interest rate offered; and tax treatment may vary. But whatever the make-up of the product, the attributes come down to three basic features that can be characterised by the questions:
How much will the return be?
When will the return be paid?
What is the risk that the amount or timing of the return might not turn out as expected?