It might seem mighty tempting to stash your savings in a Cash ISA today. UK share markets have endured a wild time in 2020 as the coronavirus crisis has persisted. As a consequence a great many stock pickers have seen the value of their investments fall off a cliff.
None of this matters to me, however. Nor does the possibility of more volatility in 2021. I’ll continue to invest in my Stocks and Shares ISA despite the gloomy economic outlook.
Cash vs UK shares
Fans of cash products like Cash ISAs like the peace of mind that they apparently provide. If I invested £20,000 at the start of the year I’d still have that (possibly some accrued interest, too) to call upon today.
Let’s say I’d invested in something like a FTSE 100 tracker fund instead. Britain’s blue chip UK share index is down 16{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} from the start of 2020. … Read more