Isa or keep the bonds?

tagz

Hello

My parents were very generous and bought a Children's saving bond thingy for each of my children. Two of the boys' policys have now come to their end and are being held in a safeguard fund. Now I'm no good whatsoever at getting my head around bonds/poicies/savings but I was wondering if seeing as the final amount is dependant on the stockmarket, would it be best to leave it alone and wait for the markets to pick up or to surrender the policies and investment it in an ISA?

Thanks for your help.

Ifts

Originally Posted by tagz
Two of the boys' policys have now come to their end and are being held in a safeguard fund.

Can you provide details of who the investment is currently held with?

Now I'm no good whatsoever at getting my head around bonds/poicies/savings but I was wondering if seeing as the final amount is dependant on the stockmarket, would it be best to leave it alone and wait for the markets to pick up or to surrender the policies

Generally speaking that is correct, i.e. you try to buy low and sell high, but in your case if the policy's have already matured and are held in a safeguard fund then this may not apply here, I might be wrong so you need to provide more details of this safeguard fund that the money is held in.

and investment it in an ISA?

How old are your children? Individual's have to be 16 to open a Cash ISA and 18 for a Stocks & Shares ISA.

Sorry I cant give you more specific answers to your questions at the moment, its a case of me having to quote your signature "I would if I could but I can't so I won't!"
But if you can provide a few more details, then it would be easier for forum users to provide more help.

dunstonh

Bond is a very misused term. Half the bonds you see are not actually bonds.

You will need to explain what they are? i.e. are their corporate bonds held under a unit trust or endowment style/friendly society style plan or are they investment bonds held under trust or are they fixed term deposits (banks have taken to calling these bonds) or one of the other types?

ESKIMO

What type of bonds are they?

* Corporate
* Premium
* Government
- Bills - debt securities maturing in less than one year.
- Notes - debt securities maturing in one to 10 years.
- Bonds - debt securities maturing in more than 10 years.
*Municipal etc etc
*Retail

Do some research. Consider checking MSE, London Stock Exchange
http://www.londonstockexchange.com FSA www.fsa.gov.uk