Welcome to Make it Stack!

In this episode we talk of the dispersion seen in stock market performance with sectors such as technology going from strength to strength and other sectors falling by the wayside in the wake of Covid-19. 

Will & Joe share their thoughts on Lifetime ISAs and the potential use for young UK tax residents. A lifetime ISA can be opened by an individual aged between 18-39. Up to £4000 can be added each tax year with the UK government contributing a 25% bonus on the value of all subscriptions. In our opinion, this provides a good platform for leveraging returns as all the cash can be invested. The catch is that the money has to be used for a first time house purchase or withdrawn for retirement (>60 years old) otherwise you will incur penalties. 

Please see this link for more information on LISAs: https://www.moneyadviceservice.org.uk/en/articles/a-guide-to-lifetime-isas#:~:text=Lifetime%20ISAs%20(also%20known%20as,set%20limit%2C%20every%20tax%20year.

Stocks discussed: Ocado, Morrisons, Tesla, Spotify. 

Stay strong and "Ride The Vol" 

Peace.