Not deposted each month in my monthly isa, can i deposit into another isa??

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  • trinidadone
    trinidadone Posts: 3,337 Forumite
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    Archi_Bald wrote: »
    If you are in it for the long term, you should have S&S ISAs, not cash ISAs.

    and why is that may i ask?
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  • missile
    missile Posts: 11,684 Forumite
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    In theory <LOL> you will get a better return.
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • trinidadone
    trinidadone Posts: 3,337 Forumite
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    missile wrote: »
    In theory <LOL> you will get a better return.

    theory??? not guarnteed???
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  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
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    missile wrote: »
    In theory <LOL> you will get a better return.
    May I suggest you google "cash versus investment", for example. Come back once you found evidence that cash ever outperformed investments over any 10 year period.
    trinidadone wrote: »
    theory??? not guarnteed???
    No guarantees but plenty of historic data that suggest the risk pays off.
  • trinidadone
    trinidadone Posts: 3,337 Forumite
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    Archi_Bald wrote: »
    May I suggest you google "cash versus investment", for example. Come back once you found evidence that cash ever outperformed investments over any 10 year period.


    No guarantees but plenty of historic data that suggest the risk pays off.

    10 years, thats a long time????

    not interested in "risks"
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  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
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    trinidadone wrote: »
    10 years, thats a long time????
    it's not long enough to save for your retirement, and it can be too long if you haven't saved for your retirement.
    trinidadone wrote: »
    not interested in "risks"
    you are already taking huge risks by keeping all your money in cash. Your current cash ISA is barely above inflation, and anything below about 1.7% is actually eroding the purchasing power of your money.

    We all need some cash savings, and cash ISAs at one stage were a good vehicle for them. They haven't been good vehicles for the past year, and I don't believe this will change for a long time if ever.

    Everybody also needs some long-term money and retirement funds. Whether it's a SIPP or an S&S ISA, it's got to include investments if it is to stand any chance to beat inflation.
  • trinidadone
    trinidadone Posts: 3,337 Forumite
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    Archi_Bald wrote: »
    it's not long enough to save for your retirement, and it can be too long if you haven't saved for your retirement.

    I already have my retirement sorted, so not sure what this is all about????

    you are already taking huge risks by keeping all your money in cash. Your current cash ISA is barely above inflation, and anything below about 1.7% is actually eroding the purchasing power of your money.

    what risks exactly???? Nationwide pays 2.5%, 1.7%??????

    We all need some cash savings, and cash ISAs at one stage were a good vehicle for them. They haven't been good vehicles for the past year, and I don't believe this will change for a long time if ever.

    you making plenty assumptions here, we all do not need some cash savings.

    thats your opinon and not fact isa will not change for a long time.

    Everybody also needs some long-term money and retirement funds. Whether it's a SIPP or an S&S ISA, it's got to include investments if it is to stand any chance to beat inflation.

    Again assumptions being made "everyone" needs some long term money and retirement funds
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  • jimjames
    jimjames Posts: 17,580 Forumite
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    trinidadone wrote: »
    Again assumptions being made "everyone" needs some long term money and retirement funds
    Can you provide an example of someone that doesn't and explain why?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • trinidadone
    trinidadone Posts: 3,337 Forumite
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    jimjames wrote: »
    Can you provide an example of someone that doesn't and explain why?

    no i cant, this thread is about depositing between two ISA's and noithing else
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  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    trinidadone wrote: »
    thats a short term gain


    Not necessarily. If you're not saving the full £15000 each year then you can always move your savings into ISAs if/when the rates get better. In the mean time, as people have pointed out, there are better rates elsewhere, even after tax.
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