Lloyds TSB bonds and shares ISA down £80 on last week

Israfel

Hi all, I see that my bonds and shares ISA is losing it's value repidly. Now I know you'll all say that it is long term savings but I may have to cash it in soon for the deposit on the house I'm buying. Does anyone with an eye on the markets/financial brain know whether I should cash it in now (ie, the shares are expected to go lower still) before it gets worse or stick with it for another week or so (when I'll probably be cashing it in for a deposit)

gozomark

You give no indication as to how much you have invested, so its impossible to tell if £80 is meaningful. None of us knows if shares will go up or down. If you need the money for a deposit soon, then sell now.

turbobob

Well without a crystal ball no-one knows. The markets have had a slight correction but appear to have stabilised and yesterday and today have been mostly positive. Just like there was a slight correction at the beginning of October. But anything can happen. If you want to avoid the risk of losing anything further then you cash in. In the context of buying a house an £80 drop or gain is not going to make a huge difference, is it?

dunstonh

I see that my bonds and shares ISA is losing it's value repidly.

What is your definition of rapidly?

Now I know you'll all say that it is long term savings

No. You will find that we will say that its long term investing. It isnt saving.

Does anyone with an eye on the markets/financial brain know whether I should cash it in now (ie, the shares are expected to go lower still) before it gets worse or stick with it for another week or so (when I'll probably be cashing it in for a deposit)

Crystal ball job. All you know is that you will get ups and downs and there is no way to predict them. There are opinions but no-one knows when events will happen or if they will happen. Expectations may occur quicker or longer but its impossible to say. A dirty bomb in New York next week would hit any expectations or opinions.

ses6jwg

Oh no £80, imagine how my grandad feels with his 10,000 Lloyds TSB shares at £4.00 average.

Royally shafted by Broon and his bunch of cronies.

cashbackproblems

£80 is nothing, you do realise if you hold until next month you will have to fork out even more money for a RI otherwise ur holding will dilute, best time to sell is in the run up to the last date to take up the RI and the sp will be at its highest then before falling after dillution.

jamesd

There's no way to tell over such a short timespan. My guess is that a bit of recovery is more likely than a significant drop but all it'll take for that to be wrong is one bit of significant economic information or company results coming in negative.

With only a week in it, risk control suggests that you're better off taking the money now than leaving it at risk of a bigger additional drop. Even though this may mean missing some recovery.

Israfel

it was a silly post, it was just a bad afternoon and seeing that was a cherry on top, as a first time buyer taking it on on my own with a tight budget these things can get you down sometimes.

turbobob

I'm sure it can. Good luck with it though A crystal ball is on my Xmas list.

cashbackproblems

Israfel wrote: »

it was a silly post, it was just a bad afternoon and seeing that was a cherry on top, as a first time buyer taking it on on my own with a tight budget these things can get you down sometimes.

Are you aware of the impending RI and what it will mean? Take no action now and you will lose out.

gozomark

cashbackproblems wrote: »

Are you aware of the impending RI and what it will mean? Take no action now and you will lose out.

By RI I assume you mean rights issue. The OP owns Lloyds TSB bonds and shares ISA not Lloyds TSB shares, so the rights issue is irrelevant unless Lloyds TSB is one of the major holdings in the ISA.