Liquidate investments as they're needed for house deposit?

jacquelinestar

@jsj25 totally agree. All the people saying to keep it in dont understand that we want this money very soon, and that the anxiety isn't worth it.

I probably lost about £3k in the end, but all the money is now mine. And if you take away the money that had been added on a yearly basis due to the Lifetime ISA (which I still have, but it isn't invested), it sort of cancelled itself out to 0.

jacquelinestar

@nottsphil why would that be beneficial to my accountant - he gets the same fee either way?

Thrugelmir

jacquelinestar said:

@jsj25 totally agree. All the people saying to keep it in dont understand that we want this money very soon, and that the anxiety isn't worth it.

I probably lost about £3k in the end, but all the money is now mine. And if you take away the money that had been added on a yearly basis due to the Lifetime ISA (which I still have, but it isn't invested), it sort of cancelled itself out to 0.

If you walked away with a gain greater than leaving the money in a deposit account. Then you haven't lost anything. 

jsj25

jacquelinestar said:

@jsj25 totally agree. All the people saying to keep it in dont understand that we want this money very soon, and that the anxiety isn't worth it.

I probably lost about £3k in the end, but all the money is now mine. And if you take away the money that had been added on a yearly basis due to the Lifetime ISA (which I still have, but it isn't invested), it sort of cancelled itself out to 0.

Exactly - I think you've made the right decision given what your circumstances are. As much as you don't want to crystallise paper losses, sometimes it's the only option if things are only going to get worse in the short-term and you don't have time on your side to rely on a recovery. My S&S ISA was with Fundsmith and that's seen even heavier losses since I took my money out, so I'm glad I made my decision when I did and it was definitely right for my circumstances. Bet you're sleeping a lot easier now!