max isa

philroc

I have had a max isa for some years now and suffered a drop of 50% in its value several years ago because of a fall in the market, since then it has recovered and I am back in profit.

It would appear that the market may be in for a fall this year the question is do I stick with the isa or pull out and put the cash in to a savings account ?

Aegis

If you withdraw the money you will lose the tax efficiency associated with it. You might be better off rebalancing it to be a little less risky (i.e. more defensive funds/stocks) if you're worried that it will drop further.

If you don't mind my asking, how much is in the account and what sort of stocks and shares are you holding?

dunstonh

It would appear that the market may be in for a fall this year the question is do I stick with the isa or pull out and put the cash in to a savings account ?

Too late. UK stockmarket is already down between 10-20%.

You should look to diversify the ISA (i'm assuming you had it all in one fund as a drop of 50% would suggest FTSE tracker (which was about 45% in worst point) and they took ages to recover whereas a spread of any risk wouldnt have lost as much or would have recovered much quicker.

jon3001

dunstonh wrote: »

Too late. UK stockmarket is already down between 10-20%.

What measure are you using? FTSE-100 is currently about 6% down from its 1-year high. FTSE-Allshare is down about 8% from its 1-year high.

dunstonh

jon3001 wrote: »

What measure are you using? FTSE-100 is currently about 6% down from its 1-year high. FTSE-Allshare is down about 8% from its 1-year high.

Its the mid caps which have been the killer. They are down 17.8% on their high point.