If you ever think about DIY-ing, having a flutter and making your own choice of shares, there’s many a website happy to facilitate you these days. But how do you go about picking a winner? Have you ever walked past a Games Workshop in a town near you? It’s usually full of those whom some would unfairly characterise as geeks, I would say computer-dungeon-and-dragons-type-stuff enthusiasts and if you’ve had time to notice, has been high street staple for many a year now. It’s thanks to our friends at fab fund manager 7IM that I heard that it has been (accounting for reinvesting dividends) the best performing UK company over the past decade, with its shares increasing from £5.50 to £110. Would you have bet your bungalow on it ten years ago? Me neither, and neither, I would think, have many others, including the pros, apart from its now doubtless very rich founders. Which just goes to show.
“Reeves backs down on plans to cut ISA limit”
So it looks as though Cash ISAs are safe for the moment (FTM – is that a thing?) Rachel has apparently ‘bowed to pressure’ from the banks and building societies and decided not to reduce the allowance to £4,000 for cash and to keep the £20,000 parity with Stocks and Shares ISAs. Bowed also to common sense, I’d say.
