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I currently don't have an ISA or a pension but I do have a place to live that's almost all mine. I know I should sort out the money side but I'm putting it off because I'm an idiot.
But you're echoing what I said in my original post - if you're a guru investor, you MIGHT make better money investing than what you'd save on the mortgage but then again you might not and at least I know I'm saving on interest so it's still money in the bank for me rather than someone else.
hippy-
I currently don't have an ISA or a pension but I do have a place to live that's almost all mine.
Your eggs bro - look at the one basket they be in.
Stocks and Shares ISAs are great ways to put your eggs in different baskets easily and cheaply. You don't have to be a guru - Nutmeg will do it for you but charge you a tiny bit for the ease.
If you lost it all - or even a really significant bit of the return - you'd probably have more to worry about like not having a job, empty supermarkets and the riots on the streets.
But yeah I get ya it's way too easy to put that shit off in a rising property market combined with good take home pay.
Howard
Savings ISAs obviously do not pay much now. In the future, they might. Stocks and Shares ISAs obviously return better at the cost of a bit of risk (but not that much if you know what you are doing). They can probably beat the 2% or whatever you are paying on mortgage debt but like mortgage debt you need to be in the for the long term.
Yeah the tax free bit is what helps. There was a good discussion in the investment thread about ISA vs. Pension.