Ask Money: How many ISA millionaires are active?
We help a reader with a question about a successful group of investors.
19th September 2019 11:45
by Kyle Caldwell from interactive investor
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We help a reader with a question about a successful group of investors.
The article on ISA millionaires states that the average number of trades a year is 46, which sounds like a very active trading approach rather than a 'buy and hold' one. I would be interested to know how many of those trades are in fact just reinvestments of dividends in more shares, which is the way many 'buy and hold' investors build up their wealth.
Alistair Elliott, by email.
Money Observer replies: This figure includes just 'standalone' trades, not the reinvestment of dividends or regular investing trades. However, it was specifically in reference to interactive investor's ISA millionaires, who have historically been relatively active, equity-focused investors.
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This article was originally published in our sister magazine Money Observer, which ceased publication in August 2020.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.