Isa 2020/21

[Whorty]

Don't know about you guys, but I made shed loads on my S&S ISA last year (just over £50k). And the markets are still going up. At this rate I'll be able to retire and live off my ISA tax free returns

Probably helped that I bought in low and ignored Scooty's advice to sell as the market was going to bomb to 4500 I wonder how many listened to him (not that anyone will admit it) and sold some funds only to have to buy in at a higher price?

Roll on this new tax year and more growth ... what's not to like

[_V_]

Well done that man.

Good luck in coming year, retirement in luxury is closer than you think. Keep investing!

[AtW]

This time next year we’ll be ISA millionaires...

[d000hg]

I did too although not by dint of actually doing anything, my portfolio just happened to be very solid I guess. I remember being worried at the start of all this and it had dropped a bit, but IIRC up about 30-35% on the year. Seeing it gain an extra digit was nice.

[GJABS]

And the markets are still going up. ...
Roll on this new tax year and more growth ...

No they're not. You can't conclude from the fact that you've had a period of price rises that prices will continue to rise. There's no correlation between the two.

[Whorty]

No they're not. You can't conclude from the fact that you've had a period of price rises that prices will continue to rise. There's no correlation between the two.

Who's the mood-hoover? I had returns over 30% last year, I expect the same this year

FTSE up another 0.8% today ... that's another £2k tax free growth

To quote Yazz, the only way up, baby ....

[Whorty]

I did too although not by dint of actually doing anything, my portfolio just happened to be very solid I guess. I remember being worried at the start of all this and it had dropped a bit, but IIRC up about 30-35% on the year. Seeing it gain an extra digit was nice.

Same here. All we did was transfer from cash to S&S ISA back in March last year and sat and watched the markets wobble before flying up.

Clearly markets are not going to grow at same rate this tax year, but 5%+ would be welcome given how crap the bank rates are for cash

Or we could all gamble on the market dropping back to 4500

[AtW]

Stock market only goes up, this is the new normal...

[jamesbrown]

It's true that you'd need to have been a massive cretin to have been invested in S&S and not made a lot of money in last year.

Just need to bear in mind that this isn't "normal". It may seem that way if you've been invested in, say, the S&P500 over the last decade, but it really isn't.

Still, I think I've consistently made the most money during crashes - that's when to pile in. Worst case scenario is more like the FTSE 100 between 2017 and 2020, i.e., flatlining. Bring on the next crash... what's your prediction, scootie?

[Whorty]

This time next year we’ll be ISA millionaires...

Maybe the year after ... let's not be too silly