The 9 best investing tips from ISA millionaires (who have done it!)

1) ISA millionaires are going to be largely investment savvy, and older, and have perhaps shifted their portfolio towards higher yield more boring stocks by the time their ISA gets to a million because that is a sensible thing to do if you want income in your old age (most people love seeing dividend payments appear in their bank account). Also, perhaps older investors are more likely to invest in single stocks due to habit because, decades ago, that used to be the main choice.
2) ISA millionaires are more likely to invest proportionally less in cash like savings because cash savings are for rainy days. For rainy days, you only need a capped amount of money to cover your expenditure and cost of living until the rain clears. The richer you are, and believe that the stock market will continue to outperform cash-like investments, the less proportion of your overall portfolio this will be.
3) For every person investing in individual stocks and become an ISA millionaire because of it, how many single stock pickers are underperforming the stock market? We don't know. It's probably a bit like assuming you will win a million on premium bonds if you invest in premium bonds just because some people have. Some people will have been lucky with single stocks and the luckiest are more likely to be ISA millionaires. It's self selecting.

Careful… strong survivorship bias here. Don’t make me produce the image of the plane… 😅

Am always concerned about listening to anything from someone who feels the need to say " I cannot lie about it" or "I'm not going to lie". So if they don't preface EVERYTHING they say with this, should I assume they ARE indeed lying?

let's be brutally honest here, ISA millionaires were millionaires outside ISA. The reason why they invest half of their annual allowance as soon as the clock resets is that they have that money sitting somewhere, and they want to move it to ISA for tax-free growth.
Normal people do monthly top-ups as that's the only way they can justify it :)

There’s a bit of information that I’d like to know regarding the isa millionaire comment and preference to individual stocks. Question when did they start building their portfolio. Go back a few decades and individual stocks was how we thought investing should be. We being the common person in the street. This was fuelled by thatchers sell off on nationalised industries eg gas or BT. I’m 52 and the concept of buying index funds was not in my conscious in the 1990s

Stop to take a breath mate!!!!

Ps - just going through your video.
Got to say again iam very surprised on you , considering you have been in finance for long .
Every April as far back as i can remember, i have maxed out my ISA .
Not as long , but i do the same with my pension ( SIPP) Via my limited company, which brings down my corporate tax .
Its taken years to understand Emotions and Risk levels.
I have never done DCA .
Its a fact a lump sum better then DCA , but cares more Risk .
For me taking risks is more exciting.
I was told , Dont put all your eggs in one basket or only invest what you can afford to lose.
For me it was very very simple.
High risk , litter known companies, crypto and your usual companies
Move
Medium risk - property and hold .
Move more high risk into
Low risk
Gold , coins , bonds / gilts and pension ( as you automatically get 19% / 20% tax back )
I own 8 Bitcoins since 2016 at a cost of $436 each ( cold wallet)
Kind of another 2 via micro strategy and coinbase, as both companies hold a lot of bitcoins, so able to have in my ISA .
If you didn't know , you cant directly put bitcoin into and ISA ,hense why i bought through the above companies.
Its funny when i watch Youtubers.
So seem to know very litter and the other have jumped on the bandwagon in the last 5 years or so .
Investing thou 👍👍👍🤔🥰🥳🎷🎷🎷

AN EXPERT in stating the obvious

copying others is suboptimal imho. It might work for a short while but as soon as someone else's idea doesn't work you start second guessing and you'll have learnt nothing.

I suspect there is one additional point. They never made any withdrawals from thier ISA

For every ISA millionaire who is a stock picker there are many stock pickers who tried and failed over the same duration. This is classic survivorship bias.