Budget: £15000 ISA Limit from 01/07 for Cash OR S&S
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You would get away with just keeping the cash in your S&S ISA until July if you are certain you want to transfer it to a cash ISA then. Investing for just 3 months could be costly. Though of course you could strike lucky and make a profit......0
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Odd dates for all this.
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2024 7/28 lbs to go.0 -
http://www.telegraph.co.uk/finance/personalfinance/how-budget-affect-me/10709221/Budget-2014-Martin-Lewis-new-Isas-genuine-boon-for-savers.html
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:rotfl::grouphug: Official MSE canny forumite and HUKD VIP badge member :grouphug:0 -
I appreciate that the S&S ISAs could end up being worth less then I deposit, but that's a risk I would be willing to take for about 3 months.
I don't understand why you'd be prepared to take the very high risk that your money in a S&S ISA might have dropped in 3 months but not take the much lower risk that your money is there after 5 years or more.
Surely keeping it in a S&S ISA long term would make much more sense?Remember the saying: if it looks too good to be true it almost certainly is.0 -
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I don't understand why you'd be prepared to take the very high risk that your money in a S&S ISA might have dropped in 3 months but not take the much lower risk that your money is there after 5 years or more.
Surely keeping it in a S&S ISA long term would make much more sense?
Not if you need the cash in the next 12-18 months, or sometime this side of 5 years.0 -
Archi_Bald wrote: »Not if you need the cash in the next 12-18 months, or sometime this side of 5 years.
Indeed. But in that case why would you risk it for 3 months. You could lose 30% or more in that time.Remember the saying: if it looks too good to be true it almost certainly is.0 -
You and I wouldn't. We would just deposit the cash and let it sit there until July, then transfer it. If indeed we thought the cash ISA would be the best place for the money.0
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I'm in a similar position to abarthman in that i have maxed out my cash isa and was wondering which is the best S&S ISA to put my money in, without any fees when i come to convert this into a cash isa in July. I have read the Telegraph article which states to put it in a deposit account. I'd appreciate any help or suggestions on where to keep my money in a S&S ISA.
Thanks0 -
I'm in a similar position to abarthman in that i have maxed out my cash isa and was wondering which is the best S&S ISA to put my money in, without any fees when i come to convert this into a cash isa in July. I have read the Telegraph article which states to put it in a deposit account. I'd appreciate any help or suggestions on where to keep my money in a S&S ISA.
Thanks
Sorry if I'm missing something, but why would you want to put money into an S&S ISA for 3 or 4 months What if the market drops 20% or so between now and July :eek:
Just keep your cash -if that's what you want to save in -in a current or savings account until July & pay into your cash ISA then.0
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