Isa investments
- Thread starter ronk
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Anonymous
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Must be a stocks and shares ISA..ronk said:
If you can afford to wait for a year or two then continue to invest, the markets will eventually recover. But if you are looking at it short term then maybe not investing more into the same product is the way forward.
If you were making the regular payments anyway then I would continue as surely that's the whole point of drip feeding. Now is probably one of the better times to keep investing with the market being down, I've increased my pension contributions recently for this reason.
I also opened a new S&S ISA at the start of the tax year, it's currently sitting 9.1% up - While at one point in March my pension was worth less than I'd paid in! So your continued payments will have likely already made some gains for you.
I also opened a new S&S ISA at the start of the tax year, it's currently sitting 9.1% up - While at one point in March my pension was worth less than I'd paid in! So your continued payments will have likely already made some gains for you.
I had a statement for my ISA this week, it’s dropped by a similar amount to yours Ron.
I don’t put any money into it these days, and the drop just reflects the state of the stock market as indicated by the FTSE 100. That is steadily increasing again so hopefully things should improve.
I don’t put any money into it these days, and the drop just reflects the state of the stock market as indicated by the FTSE 100. That is steadily increasing again so hopefully things should improve.
I guess you have to ask yourself why you have an ISA/s in the first place, if its a nest egg for the family/relatives then great but for me as I'm getting older I cashed them all in a few years back and stuck the money in high interest easy access acoounts. Its not much use to you when your gone, morbid I know but my father passed away at 62 still working, never enjoyed any retirement or what savings he had so it made me think why save into old age when potentially you might never see the returns, especially if the money is tied up and not easily accessible. Even more so in the current times when you don't know whats around the corner.
Tim.
Tim.
TitanTim said:
Where did you find “high interest easy access accounts” over the last decade?
0.2 % is high these days!
I cashed in some investments a few months ago and shoved the cash into a Building Society Account - ok they’ve not grown but as I said, the others have taken a 15% hit!
I’m at the spending time of life - the trouble is there’s nothing I really want and I’m still not got my head around wasting it!
If I leave it there much longer it will be a new kitchen, bathroom etc. I know how Women’s logic works. l keep the book in my safe.
I cashed in some investments a few months ago and shoved the cash into a Building Society Account - ok they’ve not grown but as I said, the others have taken a 15% hit!
I’m at the spending time of life - the trouble is there’s nothing I really want and I’m still not got my head around wasting it!
If I leave it there much longer it will be a new kitchen, bathroom etc. I know how Women’s logic works. l keep the book in my safe.
I used to go for 2 year fixed rate bonds but in the last few years have just put it in to premium bonds - I have the maximum invested and my wife has a big chunk - the money we have left is in an instant ISA that pays bugger all but is available if we need to make a big purchase - whilst we make no interest our money is safe and each month it's a bit of fun to see if we've won anything - been doing this for 3 years or more and have won around the equivalent of around 1 % and a lot of fun ( wins are mostly multiples of £25 but did win a grand once 
I've always avoided the stock market and now we're both in our 70's have no need to make more .
I've always avoided the stock market and now we're both in our 70's have no need to make more .
North West Surrey
Yes I agree with the above, as I also put mine is to Premium Bonds as interest rates are crap (so total waste of time) and will never trust shares or unit trusts again as I lost some savings in the 1987 although it wasn’t a lot of money it was to me at the time as I had just got married and had very little spare money.
