Equity ISA

[AniaSM]

Is this a good time for me to open an Equity ISA for a five year term or ought I to do something else?

[smurfchops]

Ania, try putting this in Business & Finance section.

[Captain Spod]

A five-year term is the minimum you should be prepared to wait to get your hands on your money, if you have a plan to spend it on, say, school fees at that time, then you should keep it in cash. An Equity ISA should only be considered if the rest of your financial house is in order - keep cash for emergencies, repay loans and credit cards etc. Remember that the tax benefits of an Equity ISA were hugely eroded by our PM when chancellor, so don't let the tiny tax tail wag the investment dog. Apart from that lot, yes, most people would view today's equity prices as being good value.

Hope this helps.