DIY investing has seen a remarkable rise post-pandemic, with 56% growth in customer accounts since 2020, making the market worth £392 billion as of Q4 2023.
Over 10.2 million investing accounts exist in the UK as of Q4 2023, indicating a significant shift towards individuals managing their investments independently.
Stocks and shares ISAs differ from cash ISAs by investing savings into selected stocks, providing the potential for higher returns while still involving some management.
Stocks and shares ISAs allow investors to choose their risk level, informing fund managers about the types of stocks to include based on personal risk tolerance.
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