ISA Investors Could Now Become ISA Millionaires in Just 10 Years
By Stephen Sutherland, author of Liquid Millionaire.Posted in the Category of ISAS, Investing, Stock Market, Investment Fund, Financial Advice on 24th April, 2009.
Tags: cash isas, individual savings accounts, isa, isa investors, isa limits, isa millionaires, isas, raising isa limits, stocks and shares isas.
In my previous blog I talked about the possibility of the Chancellor, Alistair Darling raising the annual ISA allowance in his budget. I speculated that the limit might be raised from £7,200 to £10,000, however the reality was even better. Two days ago (Wednesday 22nd April 2009) the annual limit for an ISA investor was increased to £10,200, meaning that it is now possible to become an ISA millionaire in just ten years.
Today I want to share with you how this is possible and how ISA Trend Investing can help you to retire rich.
So how do the new ISA Limits make it possible for people to become ISA millionaires?
As an investor you will be able to put up to £10,200 into a stocks and shares ISA. For those aged over 50, they will be allowed to make the extra payments in their ISAs (to top up from £7200 to £10,200) later this year. That means they will benefit first. People under the age of 50 will be able to take advantage in the increased annual limit as from April 2010.
If a married couple starting from scratch both invested their maximum ISA allowance and managed to get returns of 30% through ISA Trend Investing the growth of their investment would be as follows:
How it Might be Possible to Achieve 30% Returns Over the Next 10 Years
However, as I mentioned in my previous blog, the challenge for most people in the UK is that they simply do not have the skill or knowledge to make greater than average tax-free returns.
Why?
Part of the answer is that they have never been taught. Because the majority of people do not believe it is possible to achieve 15%, 20%, 30% or even higher returns by skilfully investing in the stock market, they never get off the starting blocks.
Bestselling author Dr. David Schwartz has this to say on the power of belief. “Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it.”
You see, because people do not believe it’s possible to make big returns in the stock market, any time they hear somebody claim it’s possible, they either say that the person is a fraud or a rare genius.
Don’t Shoot Yourself in the Foot
In other words; they shoot themselves in the foot before even starting. I used to think that returning more than 7% on your money was impossible. That was before I became educated in the stock market. But now I am certain that it is possible to beat the market because not only have I done it but there are countless other investors who have done it too. So if you want to know how to make big percentage gains over the next five to ten years, where should you start to look? Who has the answers?
Who can help you learn what you need to learn to succeed in the stock market?
The answer is simple: Learn the ‘how to’ from those who are already succeeding. Find people with great track records. Find experts in the field you need help with. Don’t go for theory people. Go for people with superb results.
Can it be that simple?
Yes.
How to Achieve a 37.4% Return in Just 5 ½ Months
If you’d like to know how I’ve helped my clients recently achieve a 37.4% return over the last 5 ½ months then take a read of this Daily Market Update (RRP £97). This is a daily report that our premium clients pay thousands to subscribe to so I hope you like it. Click here to get your report for FREE
Your friend,
Stephen Sutherland
The UK’s Leading Authority in ISA Trend Investing and Author of Liquid Millionaire
