Can anyone advise?

Jaguar_Skills

So i guess like many of you you have recently seen a slump in shares due to the economy.

I have a mix of shares, (not all listed, although I can if it helps) like BP, Compass, and more recently some managed funds like Lazard Emerging Markets, Neil Woodford, Marlborough Micro cap UK etc.

Having read a lot of the info on this forum the general consensus is that I should just stop looking at the share price each day. They make me sad anyway and just see it as a 10 year investment. Would you agree?

I am travelling at the minute and I did have 2 x 20k in Santander accounts. Obviously this is now dwindling as I am spending without an income.

I do have 1k in cash sat in my S&S Isa, should I set up a TSB 5% account with that. Also can I do it fromm abroad.

I guess shares may have been too early in my career as I haven't yet got a house but I should still be able to not touch these...

Any help appreciated.

Weird_Nev

Shares are not about timing the market, but time in the market.

So long as you have made long term investment choices, ignore them. Forget you even have them. Review yearly statements to check that they are not going horribly wrong, but as you said this is a 10 year or more time frame, not a weekly income stream or get rich quick plan.

If you were to sell every time the market took a dip, you would certainly lose out in the long run. So stick with it.

N1AK

Jaguar_Skills wrote: »

I do have 1k in cash sat in my S&S Isa, should I set up a TSB 5% account with that. Also can I do it fromm abroad.

I guess shares may have been too early in my career as I haven't yet got a house but I should still be able to not touch these...

Any help appreciated.

Personally I'd suggest not investing in shares before you reach a point where you can comfortably live without the money for a minimum of a decade.

If you think that you are likely to want this money in the next couple of years to buy property, or something else, then personally I'd consider getting the money out of shares and into a cash savings account instead.

Ultimately it depends on a lot on your opinion on stock markets and stock picking. Personally I think it's unlikely that anyone can reliably predict the stock market, and examples of people who might have the ability to beat the market are extrodinarily rare. If your opinion on those areas differs then clearly what you think would be best may differ.

Jaguar_Skills

Thanks guys.

To be honest I have a fair bit saved in my other santander accounts 2 x 3% ones and a fixed rate isa one so I will have enough for a house from them. Guess I was just looking for reassurance on the stocks more than anything. Because I am travelling I have more time and keep looking at them everyday and see all the red and makes me sad lol.

Did anyone know about my other question of sesetting up one of the 5% accounts with TSB whilst out of the country.

Jaguar_Skills

Answered my own q re the account t I can set it up.

So my next question is is this more worthwhile:

Pulling the 1k I have sitting in cash in S&S Isa
pulling 1k from my santander 123 account (currently got 16k in there)

Putting the 2k into TSB pkus

This has to be a simple answer, my maths just isn't great.

bowlhead99

£1k from S&S ISA into TSB plus - it will earn maximum £50 over the next year if you meet all TSB's terms and conditions.

This is bound to be more than it will earn in your ISA (annual interest rate times £1000) because ISAs are not paying more than a percent or two these days - unless the ISA is an old fixed rate one from ages ago).

Whether it is worth £50 to you depends on how much effort you consider it to be and how you value your time. Some would not bother. Also what it's worth to you net depends what tax you pay on your income wherever you're resident, but if you don't currently have an income and won't earn enough to pay tax anywhere this year, perhaps the £50 will be tax free for you.

For the Santander 1-2-3 vs TSB, you are already earning £30 per £1000 gross at Santander, so again it depends what effort you can be bothered going to, to perhaps be able to make £50 (before tax) instead of £30 (before tax).

As you're trying to set up the accounts remotely it may be more trouble than it's worth - we're not talking huge amounts of money. For example if you lose your TSB login details and they send you some new ones in the post, how will you get them while travelling? Some people would think an extra account for a few quid extra interest is more trouble than it's worth. However if you have lots of time and internet access on your hands while travelling, no harm doing it (presuming you have a UK address you can give them to open the TSB a/c).

Eco_Miser

5% is greater than 3% therefore it's worth moving money from Santander to TSB. 5% is greater than anything likely to be paid on cash in an S&S ISA, so either get that 1k properly invested (a slump is a good time to buy), or move it to your TSB account.

Jaguar_Skills

Great posts guys.

Jaguar_Skills

Eco_Miser wrote: »

5% is greater than 3% therefore it's worth moving money from Santander to TSB. 5% is greater than anything likely to be paid on cash in an S&S ISA, so either get that 1k properly invested (a slump is a good time to buy), or move it to your TSB account.

How do you guys pick where to invest? ??