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A viewer lost £200 in their ISA due to Middle East tensions; Martin Lewis advised switching to a higher-yield account and staying invested long-term.
Martin Lewis advised an ITV This Morning viewer concerned about a £200 drop in their £16,000 investment ISA over three weeks, citing market volatility from Middle East tensions, including Iran’s closure of the Strait of Hormuz.
He recommended shifting money from Halifax’s 2.28% cash ISA to a higher-yielding option like Moneybox’s 4.26% account to combat inflation.
While acknowledging short-term losses, he stressed that long-term investing in diversified portfolios typically outperforms cash savings, urging viewers to avoid emotional reactions to weekly market swings and focus on their financial goals.
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Un espectador perdió £ 200 en su ISA debido a las tensiones en Oriente Medio; Martin Lewis aconsejó cambiar a una cuenta de mayor rendimiento y permanecer invertido a largo plazo.