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Is My Isa Any Good? Help!

alesanamurphy · 2008-04-03 14:08:26

EXACTLY 9 YEARS AGO I STARTED UP A MAXI ISA WITH CIS PAYING IN £100 A MONTH. 9 YEARS ON THE CASH IN VALUE IS £13,723. HAS THIS REPRESENTED A GOOD RETURN, OR SHOULD I BE SHIPPING SOME OF THE MONEY OUT INTO OTHER ACCOUNTS? :confused: PLEASE HELP! THANKS GUYS

Comments

dunstonh Posts: 120,428 Forumite

19 April 2008 at 5:43PM

The problem here, more than the fact its CIS, is that it is 100% invested in one fund covering one area. If you are going to buy a fund in the UK all companies sector then you either go tracker or go with a better managed fund. You dont pick a low quality insurance company fund.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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