paying off or saving/investing

getmore4less

OK with those numbers I would probably stick with cash ISA and overpaying

SmileyG_2

wheelz wrote: »

stocks and shares isa seems a maze for me I must admit.

also I have never changed bank for an isa always stayed with the one I've been with for a while.

Hello wheelz..

You admission above is possibly one reason for staying out of stocks and shares.

There is an axiom that works for all the great investors around the world: "Don't invest in anything you don't understand"

Ask yourselves these questions:

1) On a scale of 0 to 10, how much do you understand about stocks and shares investment?

2) As a percentage, how much would you be prepared to lose in stocks and shares over a three year period?

The answers should give you an idea as to how much of your cash should be in stocks and shares.

SmileyG

Viper_7

wheelz wrote: »

I'm not in such a position!

Neither was I! The Zero balance came very quickly once I started overpaying on a regular basis.
Use these days of low interest rates to your advantage, it's not a savers market out there at the moment.
Get that mortgage paid off and smile when you see the yearly interest added plummet.

Vipes