Ask Money: how many Isa millionaires are active?

We help a reader with a question about a successful group of investors.

September 16, 2019

The article on Isa millionaires states that the average number of trades a year is 46, which sounds like a very active trading approach rather than a ‘buy and hold’ one. I would be interested to know how many of those trades are in fact just reinvestments of dividends in more shares, which is the way many ‘buy and hold’ investors build up their wealth. 
Alistair Elliott, by email

Money Observer replies: This figure includes just ‘standalone’ trades, not the reinvestment of dividends or regular investing trades. However, it was specifically in reference to interactive investor’s Isa millionaires, who have historically been relatively active, equity-focused investors.

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