The UK's most dedicated Isa investors have built up pots worth over £11m, overtaking the UK's biggest pension pot.
25 Isa investors in the UK have pots worth an average of £11.6m each. These investors needed to achieve an annualised return of 18.9% over 34 years. Are you an Isa millionaire? Give us your tips:Britain's most dedicated Isa investors have racked up pots worth more than £11million each, overtaking the UK's biggest pension pot.
'In reality, it's near impossible to make such high returns on a consistent basis and anyone owning investments for such long-time skills probably didn't buy and hold on to the same funds or trusts.'It is more likely that they had some serious successes occur on the way and gains were locked-in, perhaps from individual shares.
'Instead, it could either be an incredibly successful trader or, alternatively, someone who has invested either in their own company or in a smaller growth stock. Either way, while successful, it has undoubtedly been a higher risk strategy.' Investment platform AJ Bell says its Isa millionaires tend to invest in individual shares rather than funds, with 75 per cent of their portfolios sitting in stocks - including investment trusts.
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