I can’t wait to start populate this year’s ISA and now looks like a great time to do it as I can see cheap shares everywhere I look.
They got that little bit cheaper last week, with the FTSE 100 falling 1.18% to close at 8,155.72 on Friday. That only makes me want to buy them more.
I won’t be able to max out my full £20k Stocks and Shares ISA allowance this year. However, I’ll invest as much as I can. Given time, I think it’s possible for me to go from a standing start to saving a large lump sum, like £275,000. That would make my retirement look a lot rosier.
FTSE 100 buying spree
I won’t put a penny into a Cash ISA. I have an easy access savings account for short-term emergencies, but shares are the best way I know to build long-term wealth. While it’s possible to get 5% on cash today, that will drop once the Bank of England cuts interest rates.
By contrast, these two FTSE 100 shares pay income…
