I thought this might be a way to finally make certain members of my family, and perhaps many others, take an interest in the world of finance. Does history show that investing in growth stocks when the New Moon is in Pisces is particularly propitious? Are companies with a high proportion of Earth Signs on their board more likely to sustain dividends in a recession? Turns out it’s all to do with graphs and stats, yield curve, and not birth charts. I think, however, I might be on to something, as star signs are probably as good (or useless) as any other way of trying to predict the unpredictable. If you want to make a quick buck tomorrow, the tarot cards and crystals are likely to be as much use as most short-term investment gurus and share tippers. Anyway, for fellow 70s music connoisseurs, ‘Pisces, and my name is Phil’…
“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.
