Transfer from cash to S&S ISAs

lisyloo

I am planning to transfer £20K from cash ISA to S&S (yes I know this cannot be reversed).

Are there any strong reasons that I should not time this now?
(We did a lump sum before and timing wa bad but it was an inhertiance so we did not have control over the income).

I am fairly bearish on the UK economy, but have a lot of faith in the advisors managing my portfolio to return greater than the 2.8% I'd get in cash.
The portfolio has about 15 funds, is reviewed monthly and amended if necessary.

I have thought about doing it monhtly but my OH would rather just get it over and done with.

Rob_192

I think you would struggle to transfer monthly anyway.

If you transfer the money, it will initially come across as cash. You can then choose where you invest it in your own good time (albeit it earns nothing in the meantime). It does at least give you a chance to spread it over a few months etc as you please.

I did exacatly this a few months ago, albiet that was with a transfer of another S&S Isa.

R

Baz_2

Well the markets are at a 5/6 month high right now. Personally I think there is another 10 - 15% downward correction in the markets, maybe January time. Crystal ball time I guess.

lisyloo

hmm......yes I want to re-balance our assets.
But I am worried about "Roubini gloom". I agree with a lot of what he says and anecdotally things look like they are getting worse to me in the UK.

My cash ISA is currently being transferred between two banks anyway right now, so I'll sit on it for a while

Would be interested in any other views on timing a lump sum investment.

I'm sure it could be done monthly but it may be a pain as effectively it's treated as a one-off activity so I'd have to do the one-off forms each month which would not be ideal, but I can't see why it's impossible - it's just paperwork.