smooth

He was asked if now is a good time to open an ISA or not

Martin Lewis has offered some advice on how you could organise your savings. He explained the practical tip amid the current uncertainty surrounding the economic impact of the Iran conflict.

The major war has already triggered a surge in oil prices, with fears of long-term consequences for food production and global economic growth.

Mr Lewis was questioned on his BBC podcast about whether now is an opportune moment to open a stocks and shares ISA, given that markets are struggling. When share prices fall, it can present a prime opportunity to invest, as your funds could increase in value when the market bounces back. But if prices decline further, the worth of your holdings could also drop. In response, Mr Lewis outlined the general principle to bear in mind.

He said: “If you’re talking about investing for a long term money that you don’t need for five years and you’re going to do that in a nice spread of investments, like a global tracker fund or an S&P tracker or FTSE tracker, then you just have to accept that you will never know when the perfect time to put money in is.”

£1,000 savings tactic

Nevertheless, he did reveal one strategy you could use to reduce the risk posed by market volatility. Mr Lewis said: “Let’s just imagine you’re putting £10,000 in a stocks and shares ISA, and you’re putting it away for a long time.

“You could put £10,000 in now but you could arrange with the provider that it sits in its cash part. You can hold it in cash, within a stocks and shares ISA, for the moment.

“You could say I’ve got £10,000, over the next 10 months, I’d like you to buy £1,000 a month of that tracker fund that I’m putting my investment into. It’s called pound-cost averaging.

“Because you’re drip feeding the money in, that helps smooth out the short-term volatility of buying at the right moment. So if you’re worried about that volatility, you might want to adopt that tactic.”

Mr Lewis continued in saying that in reality nobody can predict the optimal time to invest. He said: “They are unknowable in the short term, but in a broad spread of investment over the long term, on the balance of probabilities, investing will outperform saving.

“So don’t let the volatility put you off, but you might want to spread the time that you’re putting the money in.”

Major changes to ISA allowances

Savers may also want to note that major changes to ISA allowances are on the horizon. Currently, you can deposit up to £20,000 each tax year, which can be divided as you wish between cash ISAs and stocks and shares ISAs.

From April 2027, you will only be permitted to save up to £12,000 as you choose. The remaining £8,000 will only be available for deposits into investment-based accounts.

Savers aged 65 and over will be exempt from the new regulations, retaining the existing £20,000 allowance. ISAs are entirely tax-free, with no tax liability on any interest earnings or investment gains within these accounts.

The talks have focused on a ‘smooth passage’ through the Strait of Hormuz, as Tehran effectively blocks the vital waterway.

Oman and ⁠⁠Iran ⁠⁠have held deputy foreign ⁠⁠minister-level talks, discussing ⁠⁠options to ensure the smooth transit of vessels through the Strait ‌‌of Hormuz, according to the Omani Foreign Ministry.

The meeting was held on Saturday “at the level of undersecretaries in the foreign ministries of the two countries”, the ministry said on Sunday in a post on X, adding that it was “attended by specialists from both sides”.

“Possible options were discussed regarding ensuring the smooth passage through the Strait of Hormuz during these circumstances witnessed in the region,” it added. “During the meeting, experts from both sides presented a number of visions and proposals that will be studied.”

On Sunday, three Omani ships appeared to be transiting the Strait of Hormuz, outside Iran’s “approved corridor” near Larak Island, according to tracking data monitored by shipping journal Lloyd’s List.

The convoy consists of two large oil supertankers and one liquefied natural gas (LNG) carrier that are sailing “unusually close to the Omani coast”, according to the United Kingdom-based outlet.

The developments come after an Iranian ⁠⁠official said on ⁠⁠Thursday that Iran was drafting a protocol with ⁠⁠Oman to monitor ⁠⁠traffic in the ⁠⁠strait, through which about a fifth of global ‌‌oil supplies travel, and which Iran has severely restricted in retaliation for the ongoing US-Israeli war on the country.

Since the war began on February 28, Iran’s Islamic Revolutionary Guard Corps (IRGC) has allowed some vessels to transit, including Pakistani, French, and Turkish-linked vessels. But about 3,000 others are stranded.

Strait effectively blocked

The waterway is a critical chokepoint for global energy shipments, especially oil and gas moving from the Gulf to Europe and Asia.

Disruptions there have injected volatility into the market and pushed oil- and gas-importing countries to seek alternative sources.

United States President Donald Trump, in a social media post over the weekend, threatened to unleash “all Hell” if it is not opened by Monday.

Egypt’s ⁠⁠Foreign ⁠⁠Minister Badr Abdelatty held separate calls ⁠⁠to discuss proposals for regional de-escalation ⁠⁠with US Special Envoy Steve Witkoff and regional counterparts, including Iranian ‌‌Foreign Minister Abbas Araghchi, the Egyptian ministry said in a statement on Sunday.

Amin Saikal, a professor emeritus at the Australian National University, said an expansion of the war “is going to be hell for the whole region”. “There has to be some kind of negotiated settlement,” he told Al Jazeera on Sunday.

“But at this stage, the door for a diplomatic solution seems to be very narrow, unless President Trump decides that this conflict has caused so many problems for him domestically, as well as internationally, that it is really time to reach some compromise with the Iranians,” Saikal concluded.

PHOENIX — Dodgers right-hander Yoshinobu Yamamoto went into his final start of the spring with a focus on throwing first-pitch strikes, while also hoping to test his composure with men on base.

He achieved both Friday, limiting the traveling half of the Padres’ split squad to three hits in five scoreless innings. The next time Yamamoto takes the mound for a game, it’ll be on opening day at Dodger Stadium against the Arizona Diamondbacks on Thursday.

“There were a few things I wanted to try,” Yamamoto said through an interpreter after his part of the Dodgers’ 4-3 win. “And [Friday] I was able to get into the game very nicely.”

The game featured a possible preview of the Dodger’s opening-day lineup — “I don’t know, we’ll see, it’s some good players,” manager Dave Roberts said with a smile.

Few roster decisions remained, after camp cuts Wednesday included right-handers Kyle Hurt and River Ryan, and infielder Ryan Fitzgerald.

“They’re always difficult with guys hoping, expecting to break with us,” Roberts said of his conversations with cut players. “There’s obviously some good ones where you tell a guy that he’s going to make the club. But I think the main thing that just shouldn’t get lost is, it’s not always just about starting. It’s where you finish.”

As of Friday, Hyeseong Kim and Alex Freeland were still locked in a second-base battle. And the Dodgers had to sort out roles at the back end of the rotation.

Roberts said he expected to carry a swingman who would likely pitch multiple innings out of the bullpen early in the season, when the Dodgers’ schedule includes frequent off days, and later serve as a sixth starter.

Yamamoto, however, had been the clear choice to lead the rotation, long before Roberts made it official Monday.

“It’ll be nice to hand the ball to him and it’s not an elimination game,” Roberts said, referencing Yamamoto’s World Series MVP performance. “That’ll be fun for me.”

Coming off pitching meaningful games in the World Baseball Classic, Yamamoto had one last chance Friday for a tuneup.

He struck out the first three batters he faced, with first-pitch strikes to each.

The next inning, Yamamoto gave up back-to-back one-out singles. He escaped the jam with two more strikeouts. Yamamoto tallied seven strikeouts in an overall smooth performance.

“He came out, really, with a purpose,” Roberts said. “And I thought everything looked good, the fastball — the life to it, the command of it — the cutter, slider, curve ball was good, the split, everything was good. And very efficient. And pretty effortlessly got through five innings, so that was really good to see.”