Transfer stocks from Fund & Share account to Stocks and Shares ISA

DMHReaper72

Thrugelmir said:

DMHReaper72 said:

Thrugelmir said:

DMHReaper72 said:

ColdIron said:

As mentioned, there is no magic with Bed & ISA, it's a sell and rebuy whether HL do it or you do it yourself. The only practical difference is that with HL's (unavailable) Bed & ISA process they will give you a break on the transaction fee(s) (if any) so instead of 2 * £11.95 per stock you only pay 1 * £11.95. Obviously this does not apply to funds/OEICs

This is a risk I am unwilling to take.

There is no risk other than being out of the market for a short period, but since all ISA contributions must be cash this will happen whether you do it with HL or another platform

Risk is im in AMC and GME.  This could jump at any time.

Equally could fall. Such is the level of speculation that surrounds meme stocks. 

Im comfortable.

Appears not if you view time (in minutes), of being out of the market as carrying risk.  Though even trading these types of stocks when volatility really kicks in is nigh impossible for a retail investor. As the retail execution houses won't be prepared to quote live prices. 

Appears not what?

The term is a MSM tag.  Thats it.

Can we get back to the question I asked please?

ColdIron

DMHReaper72 said:

dunstonh said:

 They currently are unable to perform a transfer of the stocks in to an ISA using the normal bed and ISA process, and instead are advising I sell the stock and buy it back.

Bed & ISA is a joined up sell and repurchase.  So, the way they are suggesting is no different except it is two manual steps instead of one.

As I understood it, the Bed and ISA process would be a swift transfer (sell and re-buy), with no need for funds to clear.  The way HL have described the alternate process suggests there will be a 4 day waiting period for funds to clear in my account and then be available to use for repurchase.

Transferring to another platform will not speed up the process. HL won't release the cash until it has cleared

DMHReaper72

Ah well.  It was worth a try.

Thanks everyone that replied.

pip895

Do you not have less volatile Funds inside, or even outside your ISA?  Something I have done in the past is sold out of a bond fund and used that to put a buy and sell of equity in at the same time.  In my case it was a fund so there were no additional dealing fees- even using a global tracker would reduce your risk. Once things have settled you just buy back the less volatile stock..  

DMHReaper72

pip895 said:

Do you not have less volatile Funds inside, or even outside your ISA?  Something I have done in the past is sold out of a bond fund and used that to put a buy and sell of equity in at the same time.  In my case it was a fund so there were no additional dealing fees- even using a global tracker would reduce your risk. Once things have settled you just buy back the less volatile stock..  

I hold a fair amount of crypto.  I suppose I should look at liquidating the more stable coins to perform the exercise you describe.

Thanks