How to avoid the seven deadly ISA sins
By Kirsten Hastings, 10 Feb 16
With two months to go before the end of the current tax year, Maike Currie, investment director for personal investing at Fidelity International highlights seven ISA sins that investors should avoid.
It’s important to be clear about your investment goals and how long you have to reach them.
Volatile markets today shouldn’t worry you too much if you have built in enough time to reach your goals over the long term and you have the right investment strategy.
For example, a younger investor with a long investment time horizon can afford to take more risks as their portfolio has more time to smooth out returns.
Their asset allocation may therefore be weighted more heavily to higher risk assets such as equities.
An investor nearing retirement will typically be looking to protect and preserve their capital pot and will prefer to lean towards safer assets such as bonds or cash.
Tags: Fidelity
