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It certainly seems that there are more down days than up days. When is the Fed not going to have a meeting that will makes stocks fall ahead of it and when will they shut up about tapering. Would be nice to have an 8 week run of ups without the Fed spoiling it.0
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A_Flock_Of_Sheep wrote: »It certainly seems that there are more down days than up days. When is the Fed not going to have a meeting that will makes stocks fall ahead of it and when will they shut up about tapering. Would be nice to have an 8 week run of ups without the Fed spoiling it.
I'm still investing so I quite like it when the markets drop.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Depends on the platform. Many platforms have the cash account per wrapper as well as an unwrapped cash account. Where there is a cash account within the wrapper, you can use this with the ISA. This is more common on the IFA platforms but it wont be long for the DIY platforms to follow suit if they have not done so already.
And with tax saving being about 1% p.a. on average, you would effectively lose 10% or so through tax. So, effectively creating a loss due to tax. Plus, with no income yields of 3-5% and instead getting 0.5% if you are lucky, you would actually lose more in this action than a typical market crash or correction.
Are these cash accounts actually in pure cash, many similar accounts seem to historically have been invested partly in bonds or gilts, or in hedging instruments, with the outcome that people who thought they were in cash ended up in totally different investments/ instruments.0 -
Are these cash accounts actually in pure cash, many similar accounts seem to historically have been invested partly in bonds or gilts, or in hedging instruments, with the outcome that people who thought they were in cash ended up in totally different investments/ instruments.
They are proper interest paying cash accounts. Rate isnt at savings account level but they do pay some interest.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.0 -
This is correct on the platform I use.They are proper interest paying cash accounts. Rate isnt at savings account level but they do pay some interest.
Although the interest rate is miniscule.
But the time period for transferring ISAs to cash, and then re investing into an ISA without problem, is open ended.It's your money. Except if it's the governments.0 -
If you are determined to stay in cash then use the cash account on your platform if it has one. Never mind taking 10 yeas to get it back in.0
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