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Share ISA/Cash ISA

I took out a Share ISA before the great crash :mad:
I had £7000 invested up to 2001.
at the moment it is worth £5900
It is slowly increasing but has been as low as £4600 :(

Is it better to cut and run and transfer it into cash Isa as they seem to be performing a lot better.

I know I can only invest £3000 a year but is it worth cutting my losses or wait till I have made up back to my invested ammount and then withdraw.

Look forward to your replies

Phil :o

Comments

  • dunstonh
    dunstonh Posts: 118,612 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker

    Is it better to cut and run and transfer it into cash Isa as they seem to be performing a lot better.

    You cannot say that they have been performing better because it depends on what timescale you are referring to and what funds you are invested in.

    Many stockmarket funds have recovered the losses and are now higher than they were before the crash. However, some are still lower because of the way they invest or just havent performed.

    There is no expectation of a stockmarket boom but there is no expectation of another crash. Slow and steady performance is what most material being produced currently suggests.

    Investing is about attitude to risk and timescale. If you understand and accept the volatility, then you should stick with it. If you do not not, then you shouldnt really have been in it in the first place.

    Also, a maxi isa can invest in non stockmarket investments as well so there is no need to revert back to a cash ISA if want. You can also spread the funds over a range of areas (wish a usual limit of £1000 per fund). So maybe not putting all your money in one fund would be a better approach.

    Its very much a personal thing.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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