YOU HAVE YOUR SAY

EVERY week Money Mail receives hundreds of your letters and emails about our stories. Here are some regarding our article on how investors have used tax-free accounts to make £1 million.

I HAVE held shares for 55 years and Isas have never made me anything close to the cash you can get from purchasing an old house and reselling it. Buying shares can be like gambling, and you should only do it if you can afford to lose.

M. A., Manchester.

I’M 60 and have amassed a nice sum from investing in many of the shares Money Mail listed in this article. One has had a few wobbles over the years, but I have stuck with it and I’m still getting returns of 7 pc.

N.L., via email.

IT’S always a good idea to use tax breaks wisely, and if you don’t need the cash you can put away the maximum allowance for more than 20 years. However, if you choose to do this your heirs will probably be the only ones who benefit from it. J. N., Richmond, London. IF YOU are not prepared to take any risks with your capital, then you have to accept low returns. You must risk it if you want a decent return. That is the trade-off.

P. S., Darwen, Lancs.

UNFORTUNATELY, it is usually the case that if you have money you will make money. The vast majority of UK workers have no hope of being able to invest £20,000 a year. Some are lucky to have £ 500 put aside for emergencies.

H. R., Devon.

I’VE always tried to invest the maximum allowed in my Isa and only failed to do this on four occasions. While many young people say they do not have the money to invest, pensioners are less likely to have spent cash on holidays and new cars.

S. C., via email.