L&G Alpha and Property Shares

6022tivo

With no advice about 10 years ago I took out a 4k Shares Isa with L&G (Probably to get some quidco)

I get statements every year and it is currently worth £5.6k

I need some cash to put towards a property and this was something I was going to cash in (if I can?)

Worth getting rid of, or holding on to?




The following year I did a similar thing and have some HSBC All Share Index thing? Worth doing the same with that. Again 4k in, now worth 5.7k

Eco_Miser

If you need the cash, they are showing a profit, so sell. (You can sell anytime, expect the cash about a week later.)

You don't say what the actual investments are, but they are probably worth hanging onto if you don't need the cash.

bowlhead99

As you don't know much about what you are invested in and presumably don't want them to fall in value before you need the money for a house deposit, just sell them ASAP.

Bear in mind if you only get statements 'every year' then they might be worth less than your last statement.

If you can pretty much do without the money for this house and could avoid cashing them in for the next 10 years or so, then no harm in keeping them, they will probably go up in value further if you can afford to leave them long enough.

But if not using them for the deposit means you would instead need to use them for moving costs or other general expenses in the next year or so, you should probably convert them to cash now, as there's no point being invested if you don't have a long timeline ahead to ride out the ups and downs.

Also, Eco Miser mentions they are showing a profit, but whether they are showing a profit or a loss the answer would be the same - if you don't intend to have them tying up your cash for the long term (from now) then makes sense to sell, because these are long term products.