Should I open another ISA today, before the end of this financial year?

[russell]

Bad year so far. I've lost 5k of 10k I had in equities with no spare cash to trade. Que sera sera.

I use cash ISA's only, without a definitive edge stock trading is gambling as it can be seen here, if you have a spare 300k and don't have to work then you can make good money day trading.

[MarillionFan]

I use cash ISA's only, without a definitive edge stock trading is gambling as it can be seen here, if you have a spare 300k and don't have to work then you can make good money day trading.

I cash ISA only and normally trade stocks. But this finical year I didn't have access to the same 50k fund I use to day trade and so bought two shares for 'longterm' growth. Both of which have halved. If I had day traded them down their turbulent path I'd probably be up.

It's a gamble these days.

[AtW]

I cash ISA only and normally trade stocks. But this finical year I didn't have access to the same 50k fund I use to day trade and so bought two shares for 'longterm' growth. Both of which have halved. If I had day traded them down their turbulent path I'd probably be up.

You should have waited for SKA IPO

[MarillionFan]

You should have waited for SKA IPO

Got funds free in August. Where's your prospectus?

[AtW]

Got funds free in August. Where's your prospectus?

This time next year Rodders...

[ChimpMaster]

I forgot about this thread. Wish I'd opened up the ISA, because instead all I've done is gambled away the money on spreadbetting. Lost £30 since then

Time to stop I guess

[lukemg]

First - 5-10 years is the timeframe for equity investment, if you can't hold your nerve that long or need access to the cash - don't bother.
My earliest funds (expensive but ticking over) are looking at a 8-10%pa return over 14 years (dotcom crash, recession, credit crunch, market stagnation) which I am more than happy with.

Currently waiting for a kick down to chuck some funds in but got a cheap US tracker going with monthly payments which are made automatically so I don't have to think about it.
Next investment will be a Vanguard low cost income fund - UK based.
Will also be topping up some blue chip HYP individual stocks.

Forget the day-trading and spread betting, get some cheap trackers and gamble with the last 10% if you need the buzz.