Santander advice

saintalban

A few years ago a bond matured and a Santander branch adviser recommended putting half of the money into a stocks & shares portfolio with Santander - with a proportion of this using my non-cash isa allowance in a stocks & shares isa. I agreed to this. Unimpressed by its growth I closed the portfolio earlier in the year, putting some into the stocks & shares isa, and the rest into the creation of a second 123 account - which is making me £30-£40 a month in interest - more in a month than it made in 3 years in the investment portfolio! My query now is whether anyone has experience of the Santander S&S ISA. Is it a good idea to keep it, or transfer it to a different bank, or move the money into my post office cash isa (1.8%)?

gadgetmind

What were you investing in that failed to increase in value during one of the strongest bull runs that we've seen for many decades?

saintalban

What's a "bull run"? I've no previous experience of stocks and shares and this was my first post on here. I think I will might cash in the S&S isa and use it to add to my cash isa and 123 account as they seem to make more money.

Blackbeard_of_Perranporth

saintalban wrote: »

A few years ago a bond matured and a Santander branch adviser recommended putting half of the money into a stocks & shares portfolio with Santander - with a proportion of this using my non-cash isa allowance in a stocks & shares isa. I agreed to this. Unimpressed by its growth I closed the portfolio earlier in the year, putting some into the stocks & shares isa, and the rest into the creation of a second 123 account - which is making me £30-£40 a month in interest - more in a month than it made in 3 years in the investment portfolio! My query now is whether anyone has experience of the Santander S&S ISA. Is it a good idea to keep it, or transfer it to a different bank, or move the money into my post office cash isa (1.8%)?

saintalban wrote: »

What's a "bull run"? I've no previous experience of stocks and shares and this was my first post on here. I think I will might cash in the S&S isa and use it to add to my cash isa and 123 account as they seem to make more money.

Question. If your investment had increased in value, would you be complaining!