Advice on Employee Sharesave

jasmin10

Thank you for all your replies. From what you are saying I thinking option 1 put into the Halifax Share account. My price of shares was fixed at £2.97 and they are now £3.50. I am not in a rush to cash all the shares in as at the beginning of last year they went up to £6 so I am more than happy to leave some of the shares. Basically I want to buy all they shares and have the easy way of selling say £4k for the cash and leave the reamaining £3k as shares until they get back up to the £6 mark again.

Am I right in choosing option number 1?

jon3001

jasmin10 wrote: »

Thank you for all your replies. From what you are saying I thinking option 1 put into the Halifax Share account. My price of shares was fixed at £2.97 and they are now £3.50.

Nearly an 18% gain - so looks reasonable. Was this a 3 or 5 year scheme? Did you check what interest had accrued as an alternative?

jasmin10 wrote: »

I am not in a rush to cash all the shares in as at the beginning of last year they went up to £6 so I am more than happy to leave some of the shares. Basically I want to buy all they shares and have the easy way of selling say £4k for the cash and leave the reamaining £3k as shares until they get back up to the £6 mark again

Single share investing is quite high risk and you don't have the protection of the share save scheme to do it in now its matured. Have you thought about investing in a diversified fund or diversified portfolio instead?

jasmin10 wrote: »

Am I right in choosing option number 1?

I think so. You should be able to sell portions easily at your discretion.

jasmin10

Hi it was a 3 year scheme. If you think option 1 is the easiest option I will go with that as talking about diversified funds etc sounds complicated so I think I will stick to option 1.