I received the sharesave booklet on Monday and was thinking of joining. I was thinking of investing £20/month for 3 years. If shares are £3.04 on March 2015, I would make a profit of around £200. I can only make money if share prices goes up, as there is no interest or bonus for investing.
If I invest £20/month in a ISA account, the highest rate I could get is 2.8%, I would make a profit of around £32 on March 2015.
Sounds good to invest in sharesave, but I am worry that I would get fired or decide to quit the job and that I won't be able to get my money back. I should, as the booklet says, even if you leave, you get the amount you invested. I don't mind losing out on the £32, as it isn't a lot of money.
If the sharesave was one year long, I would definitely apply, but three years is a long time.
Should I invest or not? Thanks