Pampam Posted May 13, 2015 Share Posted May 13, 2015 Is now a good time to buy an isa because i was told to wait until after the election ? (Dont ask me why i havent a clue) apparentley they do pay best interest i got one last year but when they say wait till after election do they really mean wait till the backend of the year? Cheers pp:) Link to comment Share on other sites More sharing options...
LordThornber Posted May 13, 2015 Share Posted May 13, 2015 Well for a start you don't buy an isa you choose one. You're not heading into a complex financial mire. As for waiting until after the election the reason you'll hear that said is the markets (financial ) like stability. I wouldn't have thought that the choice of party would have rocked isa rates immensely to be honest, the markets do react though, the ftse fair motored on Friday morning (cheers by the way).. So Pam, to summarise, go and choose your isa at leisure is my unqualified advice. Martyn (an amateur of playing the markets for over 25 years) Link to comment Share on other sites More sharing options...
Guest Peter James Posted May 13, 2015 Share Posted May 13, 2015 LordThornber - 2015-05-13 8:15 AM the ftse fair motored on Friday morning (cheers by the way).. not as much as the Euro 300. Compared to the rest of Europe the FTSE 100 fell when the UK election result was announced. Link to comment Share on other sites More sharing options...
LordThornber Posted May 13, 2015 Share Posted May 13, 2015 I've no major exposure to the European market Peter, so not too concerned either way. I'm currently trundling along with 3 funds, it was 4 but a UK smaller companies was dragging its feet (5%). I carved that up between a FTSE tracker (6% I think), a far eastern smaller companies (12%) and my current flagship,US smaller companies (22%). Anyway my portfolio average has fallen back to 9.55% with the injection of funds but I'm quite pleased. Martyn Link to comment Share on other sites More sharing options...
Guest Peter James Posted May 13, 2015 Share Posted May 13, 2015 Pampam - 2015-05-13 8:03 AM Is now a good time to buy an isa because i was told to wait until after the election ? (Dont ask me why The only reason i can think of for waiting until after the election is that with a Cash ISA the Tories are going to make it so you can take money out and put it back in again without losing any of your annual allowance. I don't like the word 'buy' either because it infers spending your money, rather than switching it from one investment to another. The thought of their money being spent might put some people off investing. Link to comment Share on other sites More sharing options...
Guest Peter James Posted May 13, 2015 Share Posted May 13, 2015 LordThornber - 2015-05-13 1:03 PM I've no major exposure to the European market Peter, so not too concerned either way. I'm currently trundling along with 3 funds, it was 4 but a UK smaller companies was dragging its feet (5%). I carved that up between a FTSE tracker (6% I think), a far eastern smaller companies (12%) and my current flagship,US smaller companies (22%). Anyway my portfolio average has fallen back to 9.55% with the injection of funds but I'm quite pleased. Martyn Well I was just trying to say that whatever drove share prices up last Friday I don't see how it could have been the UK election result because foreign markets rose by more. Incidentally all the american market seems to have risen? VUSA is my best performing ETF, far exceeding VUKE Link to comment Share on other sites More sharing options...
LordThornber Posted May 13, 2015 Share Posted May 13, 2015 Agreed on the markets rising, if it was coincidence that on Friday morning ftse 100 rose by god knows I've forgotten now than that's fine. I only picked the us small companies on conversation with my father in law who went to the us in the 70s to work for Boeing. He later worked for Callaway (golf) and is now pretty much retired but faffs around in a small engineering unit. He thought the smaller businesses were driving the us recovery, tech stuff apart, (apple obviously), glad I listened to him really. Martyn Link to comment Share on other sites More sharing options...
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