Investment advice
Discussion
Afternoon all,
I have some money invested in a stocks and shares ISA which is performing reasonably well. I want to try and maximise potential gains on my savings but I’m unsure what is the best option.
Instant access savings accounts and cash ISA’s only offer 1.5-2% and 1 year bonds and notice accounts aren’t much better. I don’t want to tie my money up for too long and would prefer instant access if possible (you never know what life with throw at you!). I have between £15k and £20k to invest. I would be happy with a medium risk investment.
Should I max ISA allowance for this tax year and put it into my existing stocks and share ISA?
Any thoughts or opinions welcome.
I have some money invested in a stocks and shares ISA which is performing reasonably well. I want to try and maximise potential gains on my savings but I’m unsure what is the best option.
Instant access savings accounts and cash ISA’s only offer 1.5-2% and 1 year bonds and notice accounts aren’t much better. I don’t want to tie my money up for too long and would prefer instant access if possible (you never know what life with throw at you!). I have between £15k and £20k to invest. I would be happy with a medium risk investment.
Should I max ISA allowance for this tax year and put it into my existing stocks and share ISA?
Any thoughts or opinions welcome.
If you have 20, then invest 15, keep 5 for short term needs that should negate the need for an untimely sale.
Different schools of thought on where to invest, the US markets have been flying over the past six months. The FTSE is doing a lot better than expected, at Christmas many were doubtful it would break 6 because they relate the FTSE to UK inc which of course is not doing so well, but it is now around 6.4, not bad.
Asia and Emerging markets are lagging, the Indian market took a hit today. Possible medium opportunity.
Europe appears to have already shaken off Cyprus, even though the thread here is still thriving.
Europe could provide a decent buying op when the next sibling falters.
With regard to the US markets, I think you are too late, the Pound was a 1.6 now at 1.53 making it expensive for a Sterling investor. Shame you would have done well.
There is always the relative safety of a UK balanced fund from a large house.
Almost anything is better than Sterling!
Different schools of thought on where to invest, the US markets have been flying over the past six months. The FTSE is doing a lot better than expected, at Christmas many were doubtful it would break 6 because they relate the FTSE to UK inc which of course is not doing so well, but it is now around 6.4, not bad.
Asia and Emerging markets are lagging, the Indian market took a hit today. Possible medium opportunity.
Europe appears to have already shaken off Cyprus, even though the thread here is still thriving.
Europe could provide a decent buying op when the next sibling falters.
With regard to the US markets, I think you are too late, the Pound was a 1.6 now at 1.53 making it expensive for a Sterling investor. Shame you would have done well.
There is always the relative safety of a UK balanced fund from a large house.
Almost anything is better than Sterling!
Op maybe just big name household companies in your isa (that pay divs) will be best.
I know nothing and freely admit it but the FTSE won't be going much higher and is more likely to drop so possibly an opportunity after it drops?
As I see it the money is made by those that predict the end of the slide / start of the turn. Those who jump in after everyone else has noticed make sod all after dealing costs.
But as I said - I know nothing
I know nothing and freely admit it but the FTSE won't be going much higher and is more likely to drop so possibly an opportunity after it drops?
As I see it the money is made by those that predict the end of the slide / start of the turn. Those who jump in after everyone else has noticed make sod all after dealing costs.
But as I said - I know nothing
Thanks for the replies. Although I don't earn a huge amount I did work overseas for a few years and saved enough to pay off the mortgage on my home. I am also fortunate to have a second property that I rent out but I have no desire to put the money into buying another BTL - managing one is enough hassle!
My stocks and shares ISA is with AXA and it has performed reasonably well over the last 12 months so I'm inclined to put at least some of the money into this. It would have to do very badly to return less than the cash ISA's, bonds, notice accounts, etc.
All the best.
My stocks and shares ISA is with AXA and it has performed reasonably well over the last 12 months so I'm inclined to put at least some of the money into this. It would have to do very badly to return less than the cash ISA's, bonds, notice accounts, etc.
All the best.
Sorry no, anyone could have made money in the last financial year due to the incredible recovery of the market, how anyone "average" can make money on a tracker this year is beyond me.
I mean with all the crap in the background can the market hit 6500 and sustain it? - don't think so
What's happened is the usual incredible rise to the end of march (bonus time) followed by a fall of gradual (2012) or drastic (2011) proportions.
I predict overall crap until November when it starts to live again culminating in a great dash to April (again)
I mean with all the crap in the background can the market hit 6500 and sustain it? - don't think so
What's happened is the usual incredible rise to the end of march (bonus time) followed by a fall of gradual (2012) or drastic (2011) proportions.
I predict overall crap until November when it starts to live again culminating in a great dash to April (again)
Saw an analysis of the "sell in may" fairy tale and buy and hold beats the sell crew.
So yes returns are higher outside of that period, but they are also +ve during the period.
http://pragcap.com/sell-in-may-and-go-away-2
So yes returns are higher outside of that period, but they are also +ve during the period.
http://pragcap.com/sell-in-may-and-go-away-2
Guys I am the first to admit I know f
k all but facts are over the last 3 years if you bought even a FTSE tracker 1/ Jan and sold it March / April ish you have made a profit. If you got a thought out portfolio you would have made more.
I accept historic data shows this to be a myth but recent data proves it profitable and times like these are strange times indeed.
k all but facts are over the last 3 years if you bought even a FTSE tracker 1/ Jan and sold it March / April ish you have made a profit. If you got a thought out portfolio you would have made more.I accept historic data shows this to be a myth but recent data proves it profitable and times like these are strange times indeed.
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