S & S LISA - should I add to it?

RAS187779888

I have a stocks and shares LISA with nutmeg that I have had for 2 years. I was planning on adding £4000 to it in this financial year in order to keep contributing to save up for a house. There is currently no way of transferring the money out into a cash LISA, as none are accepting transfers due to corona. Do I wait until the financial situation becomes clearer? I would probably be planning to buy in around a year’s time, so not immediately but I don’t want to lose so much that it delays a home buy. If I don’t put the 4000 in here, where is the best place to put it right now? 

Thanks! 

Alexland

Hmm given the LISA was only launched 3 years ago and S&S investment is only suitable for a minimum 5 years then Nutmeg may never have been suitable. The short term direction of markets is very uncertain. There is no hurry to add the contribution for this tax year.
From memory of when I was with Nutmeg they don't allow you to hold the money as uninvested cash (unless that has changed) however that is possible at AJ Bell YouInvest although they pay no interest.
Are you sure that Nottingham and Skipton are not accepting LISA transfers? It's not mentioned anywhere obvious on their websites.

RAS187779888

Yes I think it’s due to their transfers being paper based (bizarre) but now you have mentioned it I will see if I can transfer, it doesn’t feel safe to have it in there longer given when I’d like to buy. Thank you 

Albermarle

Do I wait until the financial situation becomes clearer?

On a more philosophical note - financial /market situations never come clearer, unless you can predict the future.

The point here though as said above , is that any S&S investments , should be for long term only.