Tax free cash ISA allowance to be cut

[ReganAndCarter]

Tory’s just take peoples money and give to the rich

You mean like Tony Blair?

Or the countless new billion pound gambling companies that Blair and co empowered to impoverish people at the bottom of society?

They're all at it, Notchy. Free-Gear has his hand in the till. Absolute power corrupts. Absolutely.

 

[foxhole]

in case you forgot you were replying to me so no i have not kept the goal posts in exactly same position .

You replied to my claim that isa savings could be improved on , that was my only claim, post is about ISA’s .

 

[Justin Passing]

People don’t like uncertainty.
Cash ISA - guaranteed return with no loss of capital.
S&S ISA, nothing guaranteed, possibility of not even retaining your capital.

A bird in the hand is worth two in the bush comes to mind.

I'm being blunt, sorry.

It's excrement, it's the common call of the ignorant. You don't know what you're talking about, old chap. It all depends how the intermediate level which I expect would pop up, were set up.

FOr even an extremely simple start, look at something like this:

What Happens to Bonds in a Stock Market Crash? — Oblivious Investor

obliviousinvestor.com

That is entirely PASSIVE.

Then apply yer noodle to how YOU COULD set ap a fund that added extra resilience . Easy - quote a rate at well below what YOU expect to earn, ans the institution, so you can pay 6-8-10 or whatever % to the subscriber and still make a load.

 

[Justin Passing]

This is the thing. Some folk, like Justin Passing, are into the stock market to varying degrees. Fine. Equally, some aren't.

Fine if you don't want to DIY, so you pay some company which IS competent, to do it for you.
For such a co to give you audited probabilities on your risk, based on say the last 40 years, would be straigtforward.

If say they said you had a 90% chance of getting 8%, that might be quite attractive.
They could say 100% of base rate plus 1%, by shifting risk to the higher levels.

 

[Mottie]

.

I'm being blunt, sorry.

It's excrement, it's the common call of the ignorant. You don't know what you're talking about, old chap. It all depends how the intermediate level which I expect would pop up, were set up.

FOr even an extremely simple start, look at something like this:

What Happens to Bonds in a Stock Market Crash? — Oblivious Investor

obliviousinvestor.com

That is entirely PASSIVE.

Then apply yer noodle to how YOU COULD set ap a fund that added extra resilience . Easy - quote a rate at well below what YOU expect to earn, ans the institution, so you can pay 6-8-10 or whatever % to the subscriber and still make a load.

Well, being as you're being blunt, I will be too. The last person I’d consider getting investment advice from would be someone that says they 'need' the WFP. What are you dealing in - penny shares?

I deffo need the WFP.

 

[diy_fun_uk]

Fine if you don't want to DIY, so you pay some company which IS competent, to do it for you.
For such a co to give you audited probabilities on your risk, based on say the last 40 years, would be straigtforward.

If say they said you had a 90% chance of getting 8%, that might be quite attractive.
They could say 100% of base rate plus 1%, by shifting risk to the higher levels.

You're still not getting it.

Rightly or wrongly, some folk won't want to dabble in S&S in any way. That should be their prerogative. And if they want to slap their cash in a cash ISA, the annual allowance should remain at £20k.

 

[chirpychippy]

You can invest in property with any amount .

I don't think you can invest in the property market with any amount!

To make a decent return you have to have the capital to begin with or an asset of enough value to shore up a sizeable loan. If it's your own money the risk is less if it's a loan the risk is huge and the return is less.

I'll give you a quid towards future improvements at your home foxhole, what would my return be in 5 years please?

 

[motorbiking]

so you cant give a few examples off the top of your head of these little risk high yield products

Little risk high yield. Doesn’t exist.

I suspect there will be some bond ETFs appearing that mimic cash ISAs if it goes ahead. But you just end up with account fees.

 

[motorbiking]

I don't think you can invest in the property market with any amount!

To make a decent return you have to have the capital to begin with or an asset of enough value to shore up a sizeable loan. If it's your own money the risk is less if it's a loan the risk is huge and the return is less.

I'll give you a quid towards future improvements at your home foxhole, what would my return be in 5 years please?

Plenty of property ETFs. I wouldn’t touch them though.

 

[Justin Passing]

You're still not getting it.

Rightly or wrongly, some folk won't want to dabble in S&S in any way.

I get it exactly. That's why I'm proposing an extra layer, of SM investments made for you by the bld soc, or whaever. Explained by HMG.

Some people never learn that their preconceived ideas are wrong, it's true.
They think the bldg soc is absolutely safe.
Safe as Northern Rock?
All sorts of arrangements could be made. (Trouble is, who would trust Rache from accounts??).

I suspect there will be some bond ETFs appearing that mimic cash ISAs if it goes ahead. But you just end up with account fees.

You don't need a complex thing of any sort, you just put yer money on the money market, in the S&S ISA.
You can do that without paying anyone any fees.
Also, many "S & S isa" accounts pay you interest if you don't buy into anything with the funds - leaving it " uninvested".
As it happens the highest Cash ISA rate you can get right now is with Trading 212. The same rate whether you have it in their cash ISA or their Stocks and Shares ISA.

See:

Money market funds do have very small fees, but the line on the graph is net of that:
Funny colour so it's legible:
The blue box is the last year, 5%, same more or less as bldg socs.
All that would be needed is the Blackrocks of the world to put some new funds together with fancy names.



So in other words, if they did away with Cash Isas as we know them, it wouldn't be a loss, unless you want an extra % for leaving it there for 2-3 years etc.
As y'all probabl;y know, we're currently striving to avoid the "inverted yield curve" where you get less for longer term deposits.

It's amazing how indignant people are; they have fixed ideas which are immovable.
I showed my SIL an account which was up 65% on the year.
She wouldn't have it - "There must be a catch".

Again, top one is the bond fund I use, the others are different exciting flavors of money market, gov bond etc. There are loads of others.

 

[Justin Passing]

Little risk high yield. Doesn’t exist.

Sigh.
How do you measure risk? Experience?
Like 80 % in the last 3 years? See above and previous.
Hardly a wiggle in that time.
One short Trump dip which could have been allowed for by giving a return lower than 80% in 3 years.
Like 26% , = 8% per annum, still pretty attractive.

 

[Justin Passing]

.

Well, being as you're being blunt, I will be too. The last person I’d consider getting investment advice from would be someone that says they 'need' the WFP. What are you dealing in - penny shares?

Joke, silly. see "context".

You don't need advice, except to get off yer ariss and find out for yourself!

 

[foxhole]

I don't think you can invest in the property market with any amount!

To make a decent return you have to have the capital to begin with or an asset of enough value to shore up a sizeable loan. If it's your own money the risk is less if it's a loan the risk is huge and the return is less.

I'll give you a quid towards future improvements at your home foxhole, what would my return be in 5 years please?

Two fingers .

 

[chirpychippy]

Two fingers .

Rude

 

[Justin Passing]

So in monetary term how much have you made in the past twelve months ?

That's a silly question.
How much have you made?