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Cash ISA rule check please
Comments
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There aren't any reputable savings accounts that are likely to pay above inflation on material amounts of money. So the options are to either accept below inflation returns or invest it in a diverse mix of assets. If you have seen a 27% drop that suggests your ISA was very heavily weighted to equities which might not have been suitable. Have a look at mixed asset funds which also contain bonds etc to dampen volatility.
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RobertAnthony51 said:My STOCKS & SHARES ISA recently lost 27% of its value so thank goodness I still had CASH ISAs albeit losing value because the greedy Banks pay interest below inflation.
What exactly do you mean by 'recently lost 27% of its value'?
27% of what you have paid in? 27% of what it was worth at its peak? 27% of something else?
What are you invested in?
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