3 ideas to help investors aim for a million-pound Stocks & Shares ISA

Many investors open a Stocks and Shares ISA and dream that one day it’ll be worth a million pounds. The UK has a growing cohort of ISA millionaires. The first to publicly declare he’d achieved that status was Lord John Lee. However, it’s no good just dreaming about becoming an ISA millionaire, what’s needed is a workable plan to aim for that goal. Here are three ideas to build into that plan. The UK stock market regularly produces multi-bagging stocks. That means share prices that increase manyfold in value, often over a decade or so. Recent examples include Melrose Industries, Ashtead, Judges Scientific, Halma, London Stock Exchange Group and others. Not all earnings-growing businesses will multi-bag their share prices. However, that’s no reason to avoid trying to find some of the next potential super-growth stocks. One or two big multi-year winners in a portfolio can make a big difference to its performance and take an investor closer to that magic million. A big part of the overall returns from the stock market can arrive in the form of shareholder dividends. It can be wise to invest in firms that have a good record of growing their dividends each year, then...

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