Yesterday, CPI data (which is an indicator for inflation) came out in the US which saw the cost of living in the US go up 7.5% in a year!
Here is a thread on the effects of inflation on stocks:
(Read till end!)
🚨 EXCL : Arsenal Football Club have personal terms agreed in principle with Vinicius Junior. Roc Nation will go armed into negotiations with Real Madrid with a monstrous offer from the English Champions…….over to you Vinicius Junior. Story W/ @MrArsenicTM
Doesn’t seem so bad does it?
If you have 5k cash position in your ISA right now.
4% interest £200.
Taxed at 22%
Left with £156.
You may not care or see the problem today.
But then it will be tax on the gains, then reduce the yearly deposit amount.
Death by a thousand scratches.
No wealth boosting invectives for the common man in this country. Joke
I almost shouted but it just means you have to re-invest any interest straightaway. More ridiculous complexities when they supposedly want to encourage more people to invest 👍🏾