We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
max isa
philroc
Posts: 1 Newbie
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 ?
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 ?
0
Comments
-
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?I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Too late. UK stockmarket is already down between 10-20%.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 ?
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.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards