ISA Millionaires

capital0ne

There are more than 250 ISA millionaires now and it's easy to do this yourself.
Sadly professional advisors and 'experts' deride the DIY approach and try to sell their complex investment scheme to the unaware public.

Now that simple and cost effective deelers are easily availble it has never been easier to become an ISA millionaire and if you follow these simple rules you can disregard the professionals and do it yourself. Doubtless there are many millionaires on this forum so I'm sure they'll agree with the following.

1. Reinvest dividends
“This is where investors make the majority of their returns. So unless you need to take the income, reinvest the dividends.”

2. Buy and hold
“Those who apply common sense and patience will reap the rewards over the long term.”

3. Avoid businesses with debt
“Businesses with rising levels of debt aren’t reliable dividend payers. Instead, seek companies with lots of cash.”

4. Avoid funds
“There are no guarantees that someone you pay to buy shares on your behalf will get it right. To avoid disappointment make your own investment decisions and learn from your mistakes.”

5. Don’t worry about the FTSE 100’s ups and downs
“Those who play the long game and reinvest dividends should be less concerned about trying to find the best time to enter the market.”

Now you know - just do it! :beer:

le_loup

Ah! It must be Saturday.
Ever thought of just setting up your own blog?

Keep_pedalling

Obviously where we have been going wrong and only have 1/2 million in ISAs and all of that investment breaks rule 4.

TBC15

Keep_pedalling wrote: »

Obviously where we have been going wrong and only have 1/2 million in ISAs and all of that investment breaks rule 4.

Same in this camp.

teddysmum

I imagine that most millionaires take advice on better places, than ISAs, to put their funds.

A_T

Most millionaires don't need ISAs they never pay taxes anyway. That's why they're millionaires.

atush

Rule 4 is rubbish.

Diversification is key.

coyrls

How many people who followed these rules are not ISA millionaires?

Prism

On the matter of shares not funds, If so many professional fund managers find it very difficult to beat the market why on earth would I believe that I am some how wiser and able to do it better than them? Passive and selective active funds are the best way to invest, not individual shares.

dividendhero

capital0ne wrote: »

There are more than 250 ISA millionaires now and it's easy to do this yourself.
..........................

Now you know - just do it! :beer:

Have you "done it"?

Ifts

capital0ne wrote: »

There are more than 250 ISA millionaires now

It's possible that some have used Additional permitted subscription (APS) - where surviving spouses can benefit from an additional allowance, equal to the value of their late partner’s ISAs.

4. Avoid funds
“There are no guarantees that someone you pay to buy shares on your behalf will get it right. To avoid disappointment make your own investment decisions and learn from your mistakes.”

Not according to stockbroker Hargreaves Lansdown, who has 168 ISA millionaires:

These are the most popular stocks among ISA millionaires

Top-10 stocks:
Aviva
BP
GlaxoSmithKline
Legal & General Group
Lloyds Banking Group
National Grid
Rio Tinto
Royal Dutch Shell plc B Shares
Unilever
Vodafone Group

Most popular funds:
Artemis Income
Fidelity Special Situations
Fundsmith Equity
Invesco Perpetual High Income
LF Woodford Equity Income
Lindsell Train Global Equity
Marlborough Multi Cap Income
Marlborough Special Situations
Marlborough UK Micro-Cap Growth
Stewart Investors Asia Pacific Leaders