HL stocks and shares ISA advice needed

[Deleted User]

Hi,

MONEYTREE wrote: »

OK I have just been on the HL site and sold the lot and holding the money as cash.

I would think that you have only placed an order to sell,

From HL, T&Cs:

Deals are normally placed by the end of the Working Day
following receipt of your instruction. The price is determined
at the next valuation point for which the order is eligible for
inclusion.

So your prices will be determined at noon today.

lisyloo

MONEYTREE wrote: »

If they go up in a few days I will murder dunston with my bare hands.

How about starting to take some responsibility for your own decisions rather than relying on other people to make them for you?
If you'd done that in the first place you wouldn't be in this position right now.
Take responsibility for your money AND your life before you look for someone else.

bowlhead99

[Deleted User] wrote:

Hi,

I would think that you have only placed an order to sell,

Yes, the fact that any orders are future priced based on hitting the relevant cut-off was explained to her earlier.

Not sure she is the best at taking on board everything that's explained

but that is just me having a dig for the fun of it, now this drawn-out affair is concluded with what seems to be the right result for her.

[Deleted User]

Hi,

we'll maybe get an update with the final figure in a few days.

margaretclare

I haven't read the whole of this thread, but I understand now that the OP has sold all the investments in HL.

It's important to point out that, unless you specifically ask HL to pay you the proceeds into your bank account, the money will simply sit there in their Cash account. Reason: it's not unknown for people to sell a lot of investments and reinvest the lot in different funds.

Late in life, I've learned a lot about money management in the modern world. I have a H-L S&S ISA and I'm happy with it. To me, it's one of the best forms of long-term savings. So much so, that in conjunction with their daddy, I set up a JISA for my twin great-granddaughters. I may not be able to do anything else for them except paying in each month, but on their 18th birthdays in 2030 they'll get a nice surprise. Even if I die in the meantime, what is invested already should continue to grow.

I do read the opinion of H-L experts but that is not 'advice'. I don't invest in anything risky. I agree with George Soros, hang on to it. The reason I went for the S&S ISA in the first place was that building society accounts were paying such a miserable rate of interest. Although, I shouldn't complain. The low BoE rate for so long has meant that our equity release hasn't rolled up at anything like the rate we were warned of by the doom-sayers.

I've occasionally sold units from H-L and drawn the cash, but as I said, you have to tell them that's what you want them to do. It also takes a bit of time to process through.

If you want a really safe unthreatening investment, go back to good old National Savings Certificates.

jimjames

margaretclare wrote: »

It's important to point out that, unless you specifically ask HL to pay you the proceeds into your bank account, the money will simply sit there in their Cash account. Reason: it's not unknown for people to sell a lot of investments and reinvest the lot in different funds.

That's a good point. If it's in an ISA you'd want to think carefully if you want to withdraw it completely from the tax wrapper

TrustyOven

lisyloo wrote: »

How about starting to take some responsibility for your own decisions rather than relying on other people to make them for you?
If you'd done that in the first place you wouldn't be in this position right now.
Take responsibility for your money AND your life before you look for someone else.

This. A hundred times this.

Stop panicking about the investments.
Stop blaming and fixating on the ex.
Deal with the pain in a more constructive way.

Emotional investing will ruin you. http://www.investopedia.com/articles/basics/10/how-to-avoid-emotional-investing.asp

Take responsibility for your own decisions.

bigfreddiel

MONEYTREE wrote: »

If they go up in a few days I will murder dunston with my bare hands.

Watch out Dunsty old boy, looks like your days are numbered!

fj

MONEYTREE_2

Lucky for dunston they are still dropping!

dunstonh

MONEYTREE wrote: »

Lucky for dunston they are still dropping!

Just reality. I said they will go down and will go up. At the moment, you only have very small movements down. So, your losses are only small at the moment.

Every day they could be lower or higher or thereabouts the same. You never know what is going to happen next.