Sharesave has matured: What should I do now?

Gadfium

aspley wrote: »

I've been looking at the company's share price history and it has continued to rise over the last 7 years with minor fluctuations.

As has a lot of shares as we exit from the biggest financial disaster in living memory.

Holding a single stock is risky, but not guaranteed to fail. It's riskier than holding cash, or a multi-asset holding, but then again, it may turn in a bigger reward. It's all a bit of a gamble, to be honest. As long as you are OK with the gamble, then carry on.

somethingcorporate

A single stock holding is very risky.

Assuming you had £23k would you spend it all on these shares? If not you should look to diversify. Holding them just because you already have them is a risky strategy.

atush

martinsurrey wrote: »

As stated above, all your shares in one place is asking for trouble (ask Woolworths share holders)...

Gift half to your wife and sell the lot (zero CGT), then ISA the cash, quick, simple, tax efficient.

This was my point made well above.

While you CAN keep all the shares, unless you have a lot of investments elsewhere, you have too much tied up in one share. Not only could the share price fall, the company could go bust and you'd lose your job too.

See Enron.

chris_m

Gadfium wrote: »

Are these BT shares?

Not at £11:30 they're not

OOOh, I wish

PeacefulWaters

Buy the shares.

Sell the amount that would give you a profit equal to CGT limit. Invest the proceeds in a more diverse way.

Sell the balance after April 6th.

Do not hold an excessive exposure to a single company.

atush

In general I agree. but if they sell enough to get to their CGT limit, there would not be much left.

Having a small rump investment in the company's shares is OK. You are invested in making the profits?

Many here like the throw the baby out with the bathwater approach. like Pension or ISA. Pension or BTL. Cash or investments. Property only.

there is a 3rd way.


how about diversifying? A little of this and some of that and the other?

Eco_Miser

aspley wrote: »

I guess I also need to see what high interest accounts are available. We've used up our Santander 123 allowances.
Thank you everyone for your advice to date!

All £60k between you? You can have £15k between you @4% in Club Lloyds (and add a further £400 per month each into the monthly saver), and £6k plus £250 a month @5% in TSB.

aspley

Eco_Miser wrote: »

All £60k between you? You can have £15k between you @4% in Club Lloyds (and add a further £400 per month each into the monthly saver), and £6k plus £250 a month @5% in TSB.

£60k? We have two individual accounts with £20k in each but they said that's all we can have. Can we do a joint account?

When some say 'diversify' what exactly does that mean and how do you tend to find is the best way to do this - especially of you're a novice?

kangoora

aspley wrote: »

£60k? We have two individual accounts with £20k in each but they said that's all we can have. Can we do a joint account?

When some say 'diversify' what exactly does that mean and how do you tend to find is the best way to do this - especially of you're a novice?

Yes, you can have a joint account also. DW and I run the joint account as our 'regular checking account' and keep the floor high to keep getting interest. You could have a standing balance of say £18k and use the £2k left as salary in/monthly spends for example.

aspley

Ok, great. I need to find out how to best sell my shares without paying through the nose. I really have no idea about this. Google, here I come