Investor confidence seems to once again be riding high after it was revealed sales of stocks and shares ISAs had risen to levels not seen for nine years.
According to official figures from the Investment Management Association, sales of stocks and shares ISAs in April amounted to the highest monthly figure seen since April 2001.
An overall figure of £1.2 billion was 56% higher than in March and 63% more than April last year.
Interest in ISAs is likely to have been heightened by the increased ISA contribution limits which have been in force since 6 April.
ISA investors can now place a total of £10,200 per year into the tax free savings vehicles, with up to £5,100 being able to be put into a cash ISA.
Many investors will also have had their heads turned by the considerable recovery seen in the stock market since reaching a low in March last year.
However, with the stock markets having been a little less steady on their feet over the past month or so, more cautious investors are still well advised to consider cash ISAs as a viable investment.