Wind Turbines

[Hutch]

I can't believe that anyone with that level of disposable income is putting it all into cash savings anyway - a Stocks & Shares ISA is a much better place

I have a substantial amount in cash ISA's, I moved from stocks and shares savings but due to COVID,,we lost over £ 20 k in a month, pulled our savings out and put it into a couple of cash ISA's between myself and Mrs H. A horrible low interest rate but at least we are not loosing our savings.
Don't get caught out.

 

[otherclive]

I have a substantial amount in cash ISA's, I moved from stocks and shares savings but due to COVID,,we lost over £ 20 k in a month, pulled our savings out and put it into a couple of cash ISA's between myself and Mrs H. A horrible low interest rate but at least we are not loosing our savings.
Don't get caught out.

We bought at the low in 2008 finance crash and they dipped quite a bit during covid, but unless the money was needed I would not withdraw in a falling market. They have more than regained since then at a good growth.

 

[RogerL]

I have a substantial amount in cash ISA's, I moved from stocks and shares savings but due to COVID,,we lost over £ 20 k in a month, pulled our savings out and put it into a couple of cash ISA's between myself and Mrs H. A horrible low interest rate but at least we are not loosing our savings.
Don't get caught out.

Sorry to have to tell you this - but when your Stocks & Shares ISAs dropped significantly during Covid, as they all did, then that was totally the wrong time to switch to cash as you just fixed your big loss with no way of recovering it - ours have now doubled in value since the lows during Covid.

Nominally, we lost £27,000 between Jan 2020 and Mar 2020 but it had regained it all by Nov 2020 - similarly we lost £29,000 in 3 months when Trump got his 2nd presidency but regained it all in the 2 months after that - we're expecting another big drop after this weekend's politics but it's bound to recover.

Don't panic Mr Mainwaring !