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Weekend reading for investors: 18/4/09

Every week I read a large number of personal finance and investing articles. Here’s my latest weekly shortcut to the best.

The new UK tax year is nearly two weeks old, and even if this recent bank-led rally is due to run out of steam, it’s time for UK investors to start thinking about their 2009/10 ISA allocation.

I’ve written before about why you shouldn’t delay in opening your stocks and shares ISA. I’ll probably get the £7,200 required to fund mine by selling shares held outside my existing ISA wrappers.

I’ll also be watching the upcoming budget for changes to the ISA regime. We can’t rule anything out – the UK government is desperate for cash, and taxes will need to rise!

Good reads from the financial blogosphere

  • If you want to hire a financial planner, make sure you read Get Rich Slowly’s eight tips first.
  • Money Watch reports that UK online bank Egg is to stop paying interest on positive credit card balances. Egg cards are worth watching, because they were for a long time a key plank of attempts to make money from interest free credit cards, a method known as stoozing.

Generally UK-related articles from other websites and papers

  • Adam Shaw, who used to appear on Working Lunch, has been investigating the collapse in pension funds for Panorama, as he writes in the FT.
  • The Telegraph says copper may be a better bet than gold. Worth thinking about… I almost invested in a raw metals ETF when prices plunged earlier this year.

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