ISA advise for this crazy time

Albermarle

javixeneize said:

Ok, i am better informed now. Looks like the best option is to transfer it to a stocks and share isa as it has been advised.

I had a lot at nutmeg, which you also mentioned above. Is this the best option to set a stocks and shares Isa?

thanks

There is no such thing as a 'best ISA' for everybody . It is a bit like asking what is the best car .
Nutmeg offer a limited range of investments , with some guidance, which makes choosing an investment(s) easier.
Wealthify and Moneybox have a similar offering. However they are not the cheapest.
For a wider range and a bit lower cost you could look at a Vanguard ISA or a HSBC ISA.
Later when you have got more informed about investing ( if you want to) you could transfer to a provider offering a full range of investments , but for most people this is not necessary and too much choice can be dangerous .

MACKEM99

Steve182 said:

Quite frankly saving and gaining only interest at current rates is a waste of time, you are almost sure to lose out relative to inflation.  Invest it in the stock market for the long term you are almost certain to gain relative to inflation.

As an example, Fundsmith equity has a lower risk score then FTSE100 but far superior historic returns.

Unless you invested with Neil Woodford?

AlanP_2

MACKEM99 said:

Steve182 said:

Quite frankly saving and gaining only interest at current rates is a waste of time, you are almost sure to lose out relative to inflation.  Invest it in the stock market for the long term you are almost certain to gain relative to inflation.

As an example, Fundsmith equity has a lower risk score then FTSE100 but far superior historic returns.

Unless you invested with Neil Woodford?

I did invest with Neil Woodford.

What I didn't do is invest EVERYTHING with Neil Woodford.

As a result my returns have beaten inflation hand over fist.