Why bother with Savings Accounts?

atush

The point of ISAs is equally clear.


If you earn enough to pay tax, ISAs give you tax free income (and groth re cap gains). And can be accessed before age 55 if needed.

lisyloo

I started a similar thread the other day - 'what's the point of ISAs' - for all the same reasons.

Yes, but you named it extremely badly and wasted a lot of people's time.
There is very much a point to stocks & shares ISAs surely especially if you are making large gains.

raider

shhhhh lib3rty, you will wake the sheeple :rotfl:

ed123_2

....everyone I know has lost money on the stock market ( mainly around the tech crash of 99/20) and the state of the world economy is not very promsing at present. What people omit re cash is inflation is a backward measure while interest on savings accounts is a forward measure. They also forget the compounding effect of interest and capital. Also your present age is a major factor whither to be in cash or shares.....ed

atush

Ed you know the wrong people.

I started investing then and earned as much as I lost (ok for a newbie as I was new to trading) and then earned quite a lot after the 2001 crash as I bought loads of things at very low cost.

The state of the world is better than you think, as not all the world is in the same predicament

Noviceinvestor

Lisyloo I'm deeply offended, I think you are being very harsh on me. I did not name my thread badly. I asked a genuine question and received lots of useful information. If people feel that posting threads on this forum is a waste of their time then why do it at all. Besides, I'm a newbie and people are encouraged to be nice to newbies and have a little patience. Remember that not everyone might be as wise as you!

LIB3RTY

You can only lose money in the stock market if you do not do your homework. Never buy on reccomendations and never buy at peaks. Study the fundamentals and decide for yourself.

I'm no genius and I certainly wasn't raised on a silver spoon. When I spoke of my success it is not to brag, but to give an example. I want to help people, I am encouraging independance and study into the field of finance. Literally anyone of sound mind can learn it.

thelawnet

So why not teach us.

Post us your trades/recommendations here, and we can check back in a month/year/whatever your time frame is, and we'll see for ourselves.

antispam246

Absolutely ridiculous and pointless comment/question. You know when someone asks something utterly pointless and you stand there shaking your head because there is no answer than can justify the need for the original comment, this is it.

The answer to your question is as glaringly obvious as it is to you that what you said is true.

Now I can elaborate on this to my hearts content but if you understand what I'm getting at, then your query is resolved and no one need take this any further.

2010

I`m a bit surprised that anyone bothered to answer the ridiculous drivel of this thread.

Buy low sell high seems to be the philosophy.

Well I`d never have guessed that.