Forget about the possibility of a second stock market crash. One of the biggest investment traps out there that threatens to ruin your chances of retiring in comfort is actually the humble Cash ISA, not the stock market.
You can be forgiven for thinking that cash accounts are the ultimate safe haven in times of financial market volatility like these. On one level this makes some sense. Unless the bank or building society in which your money is deposited goes bust, then your capital is totally secure. And even in that unlikely event, savers can rest easy in the knowledge that the first £85,000 in their Cash ISA is protected under the Financial Services Compensation Scheme.
