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going forward

Thu, 03 Apr 2008 11:11:20

House prices in the UK continue to drop and the Pound was at it's weakest in history against the Euro. 'Now is not a good time to buy a house' - How many times do we hear that? The market is the same as it's always been, volatile. Today, this week, this year, is a normal year for the market and there have been no shocks, not if you understand the mis-behaviour of the market. I'm waiting until April 6th to update my standard ISA to a Maxi ISA with the Halifax so I can escape capital gains tax when investing in shares and have it all managed in one area. Share builder with the halifax does make you wait days before you can buy/sell shares but the advantage is you only pay £0.50 processing fee per action.

In the coming months I'll investigate some other accounts which allow instant buy and sell and advise on the advantages and disadvantages. For those of you with some spare cash who would like to have a play on the market, start today, never ir a right, or wrong time.

Cheers
Ryan Partington