If this goes through, I will personally just sell UK stocks in my main ISA, and hold them in the BISA instead, picking solid growth companies like Rolls-Royce. Investing into FTSE 100/250 funds would have you performing worse than going for the S&P500 in a normal investment account despite capital tax gains, even discounting the tax-free allowances. But picking stocks is not for everyone, and so I think that the BISA is definitely overhyped by the government. Or am I wrong, and does the existence of this new vehicle cause a surge in UK-wide investment? We'll see. As for not enough people investing, that's a tough one. UK workers simply don't earn enough to have anywhere near enough spare cash to fill ISAs. There will be no growth while the majority of the population is broke. For growth, people need to spend money, and well, they don't have any!
@upthegainsmoney8 ай бұрын
I think it’ll bring some money into the economy but I mean some. A small percentage will just not reallocate and pop 5k extra in. Most will do exactly as you and I would by selling and moving allocations over.
@NakamuraRTS8 ай бұрын
@@upthegainsmoney For sure, definitely there will be SOME investment! It's just so niche, like you already said.
8 ай бұрын
I only have some UK bonds in my ISA. Do they have them in the BISA?
@upthegainsmoney8 ай бұрын
We don’t know as the product isn’t out or finalised just yet buddy
@mr90s488 ай бұрын
What recession?
@upthegainsmoney8 ай бұрын
The one we’ve just been in and technically still are pal
@mr90s488 ай бұрын
@@upthegainsmoney nonsense. I know what you're talking about but did we not come out of that last month?
@upthegainsmoney8 ай бұрын
Well it's not nonsense because technically we were in Q3 and Q4 last year and the data for Q1 hasn't come out yet. I imagine your quite rude tone is referring to the fact it wasn't a deep recession but either way - not the point of the video here is it...
@mr90s488 ай бұрын
@@upthegainsmoney by saying technically I'm guessing you're not overly worried about it either. We have been promised so my recessions now it's getting boring there was the if you vote leave the UK will plug into recession. Then as soon as we left EU we would be in one . Then there was after COVID one didn't happen so sorry if I came across rude I'm just fed up with doom and gloom.
@upthegainsmoney8 ай бұрын
I get that mate it’s all good nobody like the doom and gloom but from an investors standpoint news very much alters perception of investing in this country. The way I’m referring to it here is in that light as it does effect ongoing growth for UK investments.
@tancreddehauteville7648 ай бұрын
Government hype to get the Brexiteer gammons all excited.
@upthegainsmoney8 ай бұрын
I genuinely cannot believe they think a British ISA is a good thing. Such a small minority even able to contribute!