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

[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.

[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

[AtW]

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

This time next year Rodders...

[MarillionFan]

You should have waited for SKA IPO

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

[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]

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.

[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]

Isas lose up to 25pc in three months - Telegraph

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

[TimberWolf]

Isas lose up to 25pc in three months - Telegraph

[nomadd]

Looks like we're due a pullback in equities...

Could be. Have £20k sat on the side-lines waiting to be dumped into equities in my SIPP. Currently holding fire to see which way the market goes.

[ChimpMaster]

Well in many ways I'm glad I didn't open an ISA, equity or cash, last week. I would have been scrambling for the money, so instead I decided that this (last) FY I will enjoy spending the cash.

I also transferred £2k into my spreadbet account and shorted the Dow and FTSE; I closed the Dow short after the jobs report on Friday but FTSE trade is still open as futures were closed due to Easter holiday. So far showing a 100% profit but I'm still down around £50k over the past 18 months or so.

Looks like we're due a pullback in equities and so I'll trade short term then push back into ISA funds later this year.

[nomadd]

Hasn't mattered so far

Steve? Dead? OMG!!!!!!!!

[minestrone]

Did their share price not drop considerably more when the public were informed of his illness than when he died? Obviously the market corrected on the former due to the latter being imminent but it is a bit morbid.

[d000hg]

Steve Jobs might die.

Hasn't mattered so far

[minestrone]

Good thing about regular deposits is that you forget about it then it always seems like a nice surprise when you look at the totals.