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Bill B
Richard J Murphy
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Comments by "Bill B" (@billB101) on "The City wants an end to cash ISAs, and that would be a mistake" video.
Agreed. A lot of people don't want to know though, they'd rather have the money in the bank or a low interest savings account doing nothing.
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At present the end of cash ISA is just a rumour. There should be a lot more education and financial literacy on Stocks and Share ISA's in this country though, you can make sizable gains with long term investment as opposed to having that money sitting in the bank doing nothing. It's not difficult to do nowadays either, plenty of broker apps out there. I mean, people with wealth make their money work for them. They don't get rich by having it sat in the bank, that's for sure.
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@rattylol lol. As I said, there needs to be a lot more education and financial literacy on Stocks and Share ISA's in this country.
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Nothing wrong with investing.
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You can have either a Cash ISA or a Stocks and shares ISA with a limit of £20K here. You can spread the £20K between multiple ISA accounts though so say £8K in cash and £12K in shares. Cash ISA's are safe but you can get a lot better return on Stocks and Shares, even with something relatively safe like an ETF fund.
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What's your return?
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@StudentDad-mc3pu Quite a low return then, did you look at ETF's or is that not your thing?
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@StudentDad-mc3pu Use a Stocks and shares ISA.
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That's just utter nonsense.
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They don't invest in the market with a stocks and shares ISA, you do.
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@mit6635 The Gov haven't even done this though. At present this is just a nonsense rage-bait video.
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We do, we have select committees who scrutinise government policy using Academics and researchers who are regularly called up to provide evidence and expertise in many different areas.
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