I am beginning to get the impression that the markets are shrugging off trump's nonsense now, fairly sure that whatever stupid decision he throws out today will be deferred, reduced, reversed soon enough. You can't plan for anything if you give his nonsense credence so best just ignore the twat and plough your own furrow.
I finally went all in with the Stocks and Shares ISA (transferred 3 years’ of Cash ISAs over).
Up 3% in just my first three weeks. Have to remind myself that it won’t always be like this though!
Good idea. Perhaps an unpopular opinion but cash isa’s are outdated. You can still hold cash in s&s isas but you can often get better rates investing in mmf’s, some like trading212 offer interest on cash in their stocks and shares isa.
Cash ISAs are great. A guaranteed rate of around 4% tax free shouldn't be dismissed. One the best things about Trading212 is you can move cash between a Cash ISA and a S&S ISA for free. Myself and RobLee7 took advantage of this when Trump was pushing ahead with Tariffs and were able to buy stock back at a far lower rate.
@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.
Cash ISAs are great. A guaranteed rate of around 4% tax free shouldn't be dismissed. One the best things about Trading212 is you can move cash between a Cash ISA and a S&S ISA for free. Myself and RobLee7 took advantage of this when Trump was pushing ahead with Tariffs and were able to buy stock back at a far lower rate.
@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.
I personally would recommend a pension over Lifetime ISA if you aren't planning to take it out until retirement.
If you're investing for the long term I don't see why you'd pick a cash ISA over a broad based Stocks and Shares tracker ISA.
Some people are just risk adverse. Or they think they are. They hear the words "stocks & shares" and immediately think that they will lose ALL their money. Also think advisers & financial institutions are there to fleece them. Various mis-selling scandals hasn't helped but neither have the regulators with their "cautions" and wording and also the media. When Trumps tariffs hit the markets it was headline news. And I mean headline news. First item on the news bulletins with all the shock & awe that that brings. But as we know on here the falls that "Independence Day" brought have now been reversed & most people are up on where they were on April 2nd. But that isn't reported anywhere. To the general public Trumps tariffs wrecked their pensions & so telling them they should be putting more money into them fears them to death.
If you're investing for the long term I don't see why you'd pick a cash ISA over a broad based Stocks and Shares tracker ISA.
Some people are just risk adverse. Or they think they are. They hear the words "stocks & shares" and immediately think that they will lose ALL their money. Also think advisers & financial institutions are there to fleece them. Various mis-selling scandals hasn't helped but neither have the regulators with their "cautions" and wording and also the media. When Trumps tariffs hit the markets it was headline news. And I mean headline news. First item on the news bulletins with all the shock & awe that that brings. But as we know on here the falls that "Independence Day" brought have now been reversed & most people are up on where they were on April 2nd. But that isn't reported anywhere. To the general public Trumps tariffs wrecked their pensions & so telling them they should be putting more money into them fears them to death.
Much more education is needed.
I agree with that in principle and when I was younger my risk appetite was much greater and my investments were mostly with financial markets. At that age (maybe in my 40s to mid 50s) I could ride out the peaks and troughs because I had time.
I gradually diversified away from S&S and I moved mainly into cash about 4 years ago and the interest rates as they were, and still are, gave a guaranteed above inflation return - zero risk and no peaks and troughs. I'm now 68 and feel that decision four years ago was justified - I no longer have the time to ride out those peaks and troughs and I'm not looking necessarily for greater growth than I currently get.
So, in summary, your approach is very much age related.
If you're investing for the long term I don't see why you'd pick a cash ISA over a broad based Stocks and Shares tracker ISA.
Some people are just risk adverse. Or they think they are. They hear the words "stocks & shares" and immediately think that they will lose ALL their money. Also think advisers & financial institutions are there to fleece them. Various mis-selling scandals hasn't helped but neither have the regulators with their "cautions" and wording and also the media. When Trumps tariffs hit the markets it was headline news. And I mean headline news. First item on the news bulletins with all the shock & awe that that brings. But as we know on here the falls that "Independence Day" brought have now been reversed & most people are up on where they were on April 2nd. But that isn't reported anywhere. To the general public Trumps tariffs wrecked their pensions & so telling them they should be putting more money into them fears them to death.
Much more education is needed.
Cash is still risky though, if you’d have kept money in a cash isa the last 20 years you’d have almost halved the amount you’d have in real terms. If you’d have invested it in a world tracker fund you’d have made around 600% in real terms.
as Santa Claus said - if you’re saving for long term you really must invest it in the market. But yes, as you say - the markets are now above where they were pre “independence day”.
Cash ISAs are great. A guaranteed rate of around 4% tax free shouldn't be dismissed. One the best things about Trading212 is you can move cash between a Cash ISA and a S&S ISA for free. Myself and RobLee7 took advantage of this when Trump was pushing ahead with Tariffs and were able to buy stock back at a far lower rate.
@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.
I personally would recommend a pension over Lifetime ISA if you aren't planning to take it out until retirement.
Lifetime ISA really needs a shakeup.
You couldnt retire on a LISA. Suggesting that instead of a pension is insane.
Cash ISAs are great. A guaranteed rate of around 4% tax free shouldn't be dismissed. One the best things about Trading212 is you can move cash between a Cash ISA and a S&S ISA for free. Myself and RobLee7 took advantage of this when Trump was pushing ahead with Tariffs and were able to buy stock back at a far lower rate.
@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.
I personally would recommend a pension over Lifetime ISA if you aren't planning to take it out until retirement.
Lifetime ISA really needs a shakeup.
If you are only ever a 20% tax payer LISA's make a lot of sense,
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S&P500 also touch it's all time high earlier but has fallen back slightly.
Happy days. Until Trump decides to impose draconian tariffs again.
You can't plan for anything if you give his nonsense credence so best just ignore the twat and plough your own furrow.
@cafctom if you're under 40 I would recommend opening a Lifetime ISA. The limit for it is only £4k a year but you receive a 25% bonus from the government each year if you don't withdraw from it until you reach 60. You can keep investing in it until you turn 50.
Lifetime ISA really needs a shakeup.
Much more education is needed.
as Santa Claus said - if you’re saving for long term you really must invest it in the market. But yes, as you say - the markets are now above where they were pre “independence day”.