Share ISA

lou-28_2

I have a share ISA that I opened with Halifax a few years ago. I invested £2,500 and last time I checked..a few weeks ago, it was worth roughly £4,300.

I'm just wondering whether I should move some of that money out into my normal ISA so its secure. Are there any predictions at the moment as to whether stock market is likely to go down with the expectations of the double dip recession?

Any advice much appreciated.

atush

Why would you move it out? When you have almost doubled your money? Do you need the money? Once you move it out if an ISA you have to pay tax on any interest or dividends and possibly growth.

You haven't said what shares or funds it is inso we can't adivse. But if you are holding single shares rather than funds, you could sell them and put it into collective funds incl UTs, OEICS or even other things like ETFs or Inv Trusts. This oucld help shelter you from downside risk over single shares.

Loughton_Monkey

Personally, I'd move it anyway to a lower cost S&S ISA. High Street Banks are so expensive.

That apart, I assume you realise that you can't 'move' it to your Cash ISA without putting your limits at risk. This is only an issue if you have already (or plan to) fill your Cash ISA with £5,340 this tax year. [Transfers within the ISA wrapper are only allowed Cash to S&S, and not the other way round].

But basically, you would simply be missing your longer term growth from 'investments' as opposed to savings.

Any 'predictions' you receive should be categorically ignored. Nobody knows. It is a function of the Stocks & Shares market that today's 'price' fully and accurately reflects every known fact, feeling, and opinion in the entire world. In other words, if anyone could say 'factually' that the market is going down, then surely they would all take their combined £3,000 Trillion out straight away.