Investment & Investing

Assume you absolutely have to cash out of the ISA?

No idea regarding your quandary. Personally I’d do it in one go if I was comfortable with the existing return. I’d be surprised if doing what you Suggest would make a big difference long term unless we are talking really big cash sums.

If I wasn’t happy with the existing return I’d try to find the cash elsewhere.

Yeah I need it pretty soon, to buy my house. I don't have an alternative £50k (not sure what counts as "really big cash sums" - that's as big as it gets for me... ).
The news recently with markets going +-5% in a day made me wonder whether spreading out withdrawals would lower risk / average out that kind of fluctuation. The ISA is distributed across about a dozen funds as it is, but I don't really know how it works (eg. do they reflect daily/hourly changes or not)

your sale order won't affect the markets unduly even in this time of low volumes, if however you were selling or buying £54bn of shares like wells fargo this week, i'd do it in tranches
the huge wells fargo buy programme trade pushed the dow up nigh on 1,000 points this week

#size

I'd assume your cash isa isn't directly pegged to a specific index (or is it?) and would be hedged so that these fluctuations would smooth things out.

Also Say you've been getting a return of 6% year for five years then taking a 5% hit on a badly timed withdrawal isn't the end of the world. It's not going to change your life, and when you are forced to cash in, you kind of have to accept what the market gives you on the day or like you say stagger things but if you stagger you could get an even worse result at the cost of a load of hassle.

*ihavenoideawhatimdoingdog.jpg*

So long as I can get the required monies out of it, that is the main thing.
I guess I wondered if it's "sensible" to spread out withdrawals, not trying to be clever more trying to avoid being stupid. Doesn't seem to be particular hassle to do so.

I could be wrong but my scepticism is driven by the assumption that unlike pound cost averaging the timescale of the withdrawal staggering isn't long enough to provide you with a decent shot at riding the waves - in effect all you are doing is blindly trying to micro-time the market and hope you get lucky, or at least not too unlucky.

#shitfixieskidderssay

Could be wrong though.

My instructions will be sent in by snail mail so very much this -

blindly trying to micro-time the market and hope you get lucky, or at least not unlucky

I'm not sure if you need the money right now... but history's proven turmoil is the worst time to sell in fact the opposite is true it's time to buy.. but I believe it's going to get worse before it gets better with brexit.
Buy good stocks and hold.
Buffets advice stands buy when people are fearful and sell when people are greedy...or words to that effect.

Yeah unfortunately I need the money within the next couple months... I wouldn't be choosing to. So maybe sooner rather than later.

Funds usually price twice a day and no selling fee... but do check they may exchange traded.

Can I move money from a Stocks&Shares ISA to a Cash only ISA without needing to worry about the limits? ie - do the max thresholds apply overall or to the different types of ISA.

As long as you don't withdraw it should be fine...it must be a transfer.
The limit is 20k at the moment.

Cool, thanks. Definitely under 20k

ie - do the max thresholds apply overall or to the different types of ISA.

There used to be different amounts for cash ISA vs S&S ISA, etc. but now you can put up to £20k cumulatively into any* of them. Once it is in the ISA wrapper it can be moved about between ISA types, providers, etc.

As WW said, the key is to not withdraw it and re-depositing it would obviously eat into your 18/19 allowance.

*obvs excluding the Help-to-Buy and Lifetime ISAs.

Yeah unfortunately I need the money within the next couple months

I had the same. China crashed when I needed my deposit for our place. I thought it would bounce back, but ultimately when you need a fixed amount it is safer to lock in a figure than to risk loosing more.

It fucking sucks, but it's also a lesson on planning ahead once you know you have a need for a lumpsum.

I'm usually pretty crap at this so its important to celebrate the successes.

Bought some Ted Baker stock at the start of December. That turned out to be the bottom.

over 25% up already.

Far and away the most successful investment I've ever made. Still think its got further to go though. Tons of buy orders going on at the moment.

OH HAI smart money thread.

After some advice, feel Nutmeg is the answer... Looking to maximise savings. I'm saving every month but only into current accounts really so prob need to be smarter. Thinking of putting 50% of what I save into high risk Nutmeg account, which I am aware can go down as well as up. Plan is not to touch it for 10 years but that may change depending on, well, just about anything as life has taught me.

Paper work and self management are my nemesis, so simpler the better, I don't want to have to manage things myself just chuck a few quid in a month.

Anyone?

Anything related to Britain will crash and burn, at least until they ramp up their jam export businesses so send your money to Japan and cross your fingers.

from r/ukpersonalfinance

I use Nutmeg. You can literally sit on the sofa, download the app and set up a savings plan in 20 minutes. No paperwork. That’s how they justify not giving you the very best rates.

I got to "Seek financial advice".

Did I win?

This is the level of involvement I like the sound of... I have a middle class extension and a child to buy, they are pretty time consuming...

Congratulations. Now do the next step on the flowchart, and speak to a financial advisor, not a bike forum! And use Vanguard not Nutmeg.

Isn't this thread for investment discussion/advice?

Don't argue with the 'pus!