Stocks and shares ISAs 'offer more reward and risk'
An expert has claimed that investors could cash in with stocks and shares ISAs.
Stocks and shares ISAs come with more risks attached but potentially offer greater rewards, according to a financial planner.Sharon Bratley, chartered financial planner at Fairinvestment.co.uk, says that with interest rates at an all-time low, people are realising that in order to get a similar level of growth from their investments, they have to be prepared to take a risk.
Ms Bratley claims that there is "more risk involved" with stocks and shares ISAs than with cash ISAs.
However, she says that there is also the "potential for higher returns over the long term", providing that the risks involved are understood.
The expert adds that, with stock markets so low, now could be the time to invest because those who do could "really start to cash in once markets begin to rise again".
Meanwhile, Annabel Brodie-Smith, communication director of the Association of Investment Companies, says that with interest rates so low, ISA tax allowances are more important than ever.
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