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Question about Cash ISAs
five_o
Posts: 18 Forumite
I noticed a lot of questions on here about ISAs and there's a lot of advice about maxing out Cash ISAs. I'm a bit confused about this. With the highest Cash ISA available offering around 3% and with inflation at roughly the same amount, surely a person who wants to see long-term real growth would invest all their allowance into an S&S ISA which has more chance of keeping ahead of inflation (albeit at a higher risk)
Can anyone explain if I'm right or wrong about this?
Can anyone explain if I'm right or wrong about this?
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Comments
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You are right, but you can also lose with S&S, depends on your attitude to risk.This is an open forum, anyone can post and I just did !0
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also you might be in a position where you may need the cash at a random time so cannot afford to risk having to sell S&S ISA when the market is low. I.E. using ISA for mid-term savingsThe questions that get the best answers are the questions that give most detail....0
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