Moving money to New Isa

Tilly_33

Hi,
I have similar amounts of savings in a shares ISA and premium bonds. I want to start my new 2013 cash ISA and can't decide which is best to transfer money from. The shares ISA was opened 4 years ago and has done very well in the last 3 months and have had regular small wins on premium bonds. I know that no-one can predict how the shares ISA will go or whether I will get a "big one" from premium bonds but just want a personal opinion on which would be safer/better return for the future-

Gromitt

Depends what shares you have bought with your ISA allocation really, but you need to decide whether you want possible returns on investment or possible prizes.

I'd go with investments, but that's me and probably because I've made 15% on my investments over the last 12 months.

Tilly_33

The shares are in a shares ISA split between low/medium/high risk bought between 2009 and 2010. I have made more on the low and high risk ones. I suppose the worry is how low could they go if there is another major financial crisis- I have made about 19% in total over the 4 years so pretty good.

david78

safer: move money from stocks and shares ISA (keep premium bonds)
better: move money from Premium bonds (keep stocks and shares).

Unfortunately there's no "best" answer. Just your personal choice.

Tilly_33

Thanks Grommit and David Eventually I want to have all savings safe in a cash Isa, not a risky person by nature lol. just transferring chunks every year-
Stocks and shares ISA's are a bit scary but have done well especially over last few months so will do the premium bond thing for now.
The beauty of the shares ISA is that someone else decides on where to invest, the worry is that I could lose a lot- Is there a risk Icould I lose it all?

Lansdowne

Presumably you are talking fairly small amounts, and presumably they are in funds not actual shares in individual companies. With funds there's practically no risk you could lose the lot, but of course if an individual company went bust you would.

There are also probably transaction fees to pay if you sold your shares ISA, so another reason to hold onto it. (You can't make an ISA transfer from shares to cash so you would have to sell it first).

Tilly_33

Yes they are in funds. Depends what you call small- talking £17k ish split roughly equally between low/medium/high risk. It's not a small amount to me lol