FTSE100 was up 22 points, portfolio up by £734 - going in the right direction
Do you want to earn 5-6% interest - tax free in an ISA or if you only earn £2,000 in dividend income outside an ISA then this is for you.
Buy Lloyds Bank shares, Royal Dutch Shell 'B' shares and BP shares - all will return +5%. I would add an index linked ETF to that mix as well. Its all very easy to do.
So for those of you that are useless at simple arithmetic, that means a couple with two ISA's could stash away £40,000 at say, 5% would be £2,000.
If this had been done last tax year you could double that, £4,000 annual divi income.
And right now RPI is 3.7% - you are losing £1,480 on that £40,000 if you just leave it in the bank.
The problem with inflation is that the bank does't send you a monthly statement showing how much your losing when inflation kicks in. Sneaky innit!
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