I never thought I’d not have spent a penny30 Jun 2022 08:56
Of my ISA by July and I’m SO glad that I haven’t either, as equities are a terrible investment at present. Yes, of course you can go down the “it’s a long term investment” route, so it doesn’t matter. But it does matter - a lot, as you could have spent £15 on Carnival, for example, just six months ago; but had you waited, you would now be paying over 50% less now. And they have plenty further to fall. Aston Martin shares are still falling and now over 90% down (and likely to fall further yet). The market is literally awash with similar bombed-out shares. Keep your powder dry folks, as this is a nasty Bear Market, which is here for at least another year - in my opinion. You WILL be paying too much if you buy equities any time soon. Just sit on your cash, even through to next year if needs be. The more you pay now, the longer it will take you, just to get back to that price! This is just not the time to be trying to be ‘bottom fish’, as likely as not, it won’t be the bottom!! So many are doing exactly that at present and are being badly burnt in the process. . . . Good Luck all. :)