Equity ISA

thincat_3

Hello,

I have several equity ISA,s (technology sector!!), that were bought pre year 2000, that have just about gone into the black for the first time and I am at a loss to know what to do with them right now. I want, if possible, to keep the tax free advantages of ISA but feel nervous about staying in equity's with the ftse being so high at the moment and probably want out of the technology sector. I am full up with cash ISA,s but feel that a move into cash wouldn't be a bad idea right now. Any advice would be very welcome; is it possible to transfer equity ISA to cash ISA? I don't think it is. I am a lay person who used to work in the technology sector (hence my investments went here - bad mistake!) but am now self employed and am trying to hang on to the very modest pension plan that my investments will be.

dunstonh

I am a lay person who used to work in the technology sector (hence my investments went here - bad mistake!) but am now self employed and am trying to hang on to the very modest pension plan that my investments will be.

Being self employed, it is important to take everything into account as you get lower state pensions than an employed individual.

However, I do have to question your understanding of risk. Tech stocks are very high risk. There are other ends of the stockmarket which fall around medium risk and with a bit of mix and match across the sectors you can drop down to cautious. Risk is not an on/off position but a sliding scale. All you need to do is make sure the overall spread matches you risk profile. You dont need to exit altogether.

thincat_3

I have some technology centric equity ISA's purchased pre 2000 which have only just got back into the black after 7 years. I want to exit the equity market for a while but don't want to loose the tax efficiency of the ISA, what options are available to me?

I posted a similar starter string a couple of weeks ago, or thought that I had but couldn't find it. So apologies if anyone replied as it has disappeared into cyberspace! I am an inexperienced and infrequent investor however I am consistent - my investment decisions are always wrong!

Thincat

dunstonh

switch into fixed interest funds, property or lower risk stockmarket funds. Some ISAs have a cash facility.

Crabman

Hello - I've merged your other thread with this one :beer:

Crabman

Browntrout_2

thincat wrote: »

Hello,

I have several equity ISA,s (technology sector!!), that were bought pre year 2000, that have just about gone into the black for the first time and I am at a loss to know what to do with them right now. I want, if possible, to keep the tax free advantages of ISA but feel nervous about staying in equity's with the ftse being so high at the moment and probably want out of the technology sector. I am full up with cash ISA,s but feel that a move into cash wouldn't be a bad idea right now. Any advice would be very welcome; is it possible to transfer equity ISA to cash ISA? I don't think it is. I am a lay person who used to work in the technology sector (hence my investments went here - bad mistake!) but am now self employed and am trying to hang on to the very modest pension plan that my investments will be.

Well done for not selling out at the bottom.

The technology sector is generally still unloved so although high risk, is still worthwhile for the long term.


http://www.alansteel.com/archives/articles_quotes.aspx?id=848

Alan Steel, of Alan Steel Asset Management, said, "To be successful with a technology fund consistently over the last five years shows real class. I have been a buyer of Lindsay Whitelaw's Artemis New Enterprises for my own pension fund for some time.


"Technology is a kind of secret bull market because nobody is talking about how the best funds are doing but the closure of the Aegon fund could be a clear buying signal for the brave contrarian." ….