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Why call it stocks and shares ISA
swift1_2
Posts: 130 Forumite
I was just wondering, ISAs are divided into cash ISA and stocks and shares ISA. Why call it stocks and shares? - they are the same thing, its not as if you are able to buy 2 separate entities. It would easier (and perhaps less confusing to some) to call it shares ISA. As it stands, you can put into it a lot more stuff, like, funds, gilts, bonds etc so the name is misleading any way.
Just my thoughts
Just my thoughts
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Comments
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Sometimes it's best just to have thoughts without putting them into words that others can see.0
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Personally I would like "savings" and "investment" but this would not be clear to everyone as not everyone clearly understands the difference.
The current naming is probably less confusing to most ordinary people.0 -
You can hold things other than shares in these ISAs (e.g. fixed interest bonds, convertible bonds, collective investment schemes to name a few) so it would be more confusing to call it a Shares ISA.I was just wondering, ISAs are divided into cash ISA and stocks and shares ISA. Why call it stocks and shares? - they are the same thing, its not as if you are able to buy 2 separate entities. It would easier (and perhaps less confusing to some) to call it shares ISA. As it stands, you can put into it a lot more stuff, like, funds, gilts, bonds etc so the name is misleading any way.
Just my thoughts0 -
Sometimes it's best just to have thoughts without putting them into words that others can see.
wise guy! so please enlighten me....I would love to hear your wise words.
A stock and share pretty much mean the same thing: stock is the company and shares are what you buy into that company, so using 2 words to mean the same thing!
lisyloo, I would agree it would be better to call it an investment ISA as that is exactly what all the instruments you can put in the stocks and shares ISA are. I don't think it would be more confusing, on the contrary, when you say the word investment, people generally acknowledge, you are putting money into something that you are looking to get a return on but carries a certain amount of risk.0 -
Why call it stocks and shares?
Yes, there is a degree of tautology, but it's a common term and unlikely to be misunderstood.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
tautology - had to look that word up :embarasse - lovely word tho. Is this word also misleading given what taut means! :rotfl:0
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Is this word also misleading given what taut means! :rotfl:
Only for those who might also confuse etymology and entomology.
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
lisyloo, I would agree it would be better to call it an investment ISA as that is exactly what all the instruments you can put in the stocks and shares ISA are. I don't think it would be more confusing, on the contrary, when you say the word investment, people generally acknowledge, you are putting money into something that you are looking to get a return on but carries a certain amount of risk.
If only
Just have a quick trawl through the hundreds of posts starting something like " I'm looking for advice as to where I can invest my £100/£1000/£10000/£100000. I probably won't need it for the next 6 weeks/6 months/6 years. Which is the best account?" :eek:0 -
Yes, exactly.
Glad to be in agreement with you badger.0
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