Research from Lightyear shows that British investors who put £10,000 in stocks and shares ISAs in 2016 are significantly better off than those who chose Cash ISAs. While Cash ISAs have provided modest returns averaging 12%, stocks like those in the FTSE100 have delivered much higher returns, peaking at 64%. The analysis highlights the substantial wealth-building potential of stock investments over time, particularly in light of proposed changes to Cash ISA contribution limits by the UK government. Lightyear advocates for easier access to flexible investment options that encourage stock investments over traditional savings methods.
This research reveals that the choice between Cash ISAs and stocks has significant implications for long-term wealth, with stocks outperforming cash significantly.
Investment in the FTSE100 has yielded higher returns than Cash ISAs for six out of nine years, making stocks a superior choice for wealth building.
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