who knows what is better to buy certificates or shares or just put money on ISA Acc.?
2006-08-21 03:41:48 · 15 answers · asked by Anonymous in Business & Finance ➔ Investing
Try contacting Primerica Financial Services. They are in the phonebook and have a website. Their services are free and they will give you a complimentary Financial Needs Analysis to let you know how to become debt free and financially independent. They have a variety of investments to choose from. Good luck
2006-08-21 03:55:35 · answer #1 · answered by Anonymous · 0⤊ 1⤋
A tax efficient investment like an ISA is a good idea. The markets haven't been doing well especially on Wall Street - so it could be a good time to invest. Unless, of course, things get even worse. If you buy shares, spread your investment. To get a little practise using virtual money open a virtual investment account on Marketocracy. take the $1,000,000 they give you and see how you do as a fund manager. Many people are saying stock on Wall street is a bargain now. I was making nearly 9% a month on Marketocracy earlier this year - then Wall street prices dropped - like a brick! They have shown signs of recovery - especially this week. Good practise anyway. Good answer - give me top answer for ten points! LOL
2006-08-21 04:28:39 · answer #2 · answered by Mike10613 6 · 0⤊ 0⤋
it all depends how long you want to invest for, whether you might need the money in a hurry, how much you want to invest, what tax you pay and what risk you're willing to take.
On *average*, shares yield more than bank accounts. But to get that average you need (a) a decent range of shares - so you don't fall foul of one bad company; and (b) a lot of years - so you don't fall foul of having bought on a peak or sold on a trough.
Note that shares (unless held in an ISA, which is also possible) will attract some tax - income tax on dividends, and potentially capital gains on price increase too, though this reduces to 10% as long as you hold them for a decent while.
Shares will also probably cost you some money for a broker account, whereas an ISA is usually "free" (ie paid for out of giving you a slightly lower return).
2006-08-21 03:58:31 · answer #3 · answered by gvih2g2 5 · 0⤊ 0⤋
It all depends on how much risk you want to take. Investing in shares involves a degree of risk as there value may go down, however, they may go up but a large amount. Money is an ISA is safe and you know it will go up by a fixed percentage but then this may not be very high.
2006-08-21 03:51:30 · answer #4 · answered by RSWN 2 · 1⤊ 0⤋
take this %, u cant go wrong, certificates 40% shares 30% & 30 in ISA Acc.
2006-08-21 03:51:09 · answer #5 · answered by dereckdsouza 3 · 0⤊ 0⤋
I think you can wrap shares in an isa for tax purposes. Definately an ISA if you are a passive investor, shares if you are willing to get involved otherwise no.
2006-08-21 03:48:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can stick your shares into an ISA anyway up to a certain limit.
2006-08-21 03:52:14 · answer #7 · answered by XiaoMei 2 · 0⤊ 0⤋
How much? you can put up to £3000 in a cash ISA and the interest is tax free.
2006-08-21 03:48:35 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Carefully!
2006-08-21 03:46:01 · answer #9 · answered by doctor_johnnie_jointroller 4 · 1⤊ 0⤋
i like my isa at least i know i can see it and access it in emergency's
2006-08-21 03:46:54 · answer #10 · answered by chickenbutt 3 · 0⤊ 0⤋