Sell ISA'S or hold?

gibbo888

Hi

I am looking at some nice profits at the moment in my sharebased isa's.

Is it prudent to sell off the profit and re invest somewhere else in another isa? or stick it out and hope it continues.

My portfolio is small and consists of

2 x Uk based funds, a small companies one and a general blue chip one. both doing very well. 90% and 75% gains (3 years)
2 x Euro Funds mainly Europe but 20% in UK. 1 doing well the other isnt !!! +40% (2 years) and -10% (7 years)
1 x technology lets not talk about that one eh!!!

Should I spread to America/emerging markets/Japan if neccessary?
or just stay put.
i want capital growth to pay off mortgage?

dunstonh

Rather than sell, why not switch some of the funds into alternative funds in a different sector. Either lower risk or higher risk depending on your views.

Emerging markets has been a very good area but some areas are better than others. They are also at the top end of the risk scale so its never wise to pick just one area but a few. You only have 5 funds covering 3 sectors. Thats fine for a £5000 investment but if yours is more than that, you really ought to be considering spreading out a bit more.

Where you spread to and how much by is an advice area though and we cant do that here.

gibbo888

Cheers

I wasnt after advice on where to invest sorry i know it read lke that!

I was wondering if people sell them at profit and spread around to broaden/lessen the risk.
it appears maybe that would be wise or as you said swap funds to another one? (didnt know you could do that i thought you had to sell)

the pot is 25k ish so my investment maybe a bit narrow.

Thanks

dunstonh

If you are with a fund supermarket, you can switch as often as you like. With 25k, a little more diversification would be ideal. If you are not with a fund supermarket, you can re-register your ISA with one. It costs nothing to do it but gives you access to lower charges, better reporting tools and a far greater investment fund range from across all the major fund management houses.

carnet

dunstonh wrote:

If you are with a fund supermarket, you can switch as often as you like.

Although bear in mind that switching, even within a fund supermarket, involves some cost - typically an IC of 0.25% (FundsNetwork & Cofunds).

Also, if you're not in a supermarket and wish to transfer your funds into one, it is best to do this as a "Stock Transfer" - if your existing fund manager(s) allows this - as the units/shares are transferred over on a bid-to-bid basis.

Otherwise, it will have to be done as a "Cash Transfer" whereby your present holdings are sold and the proceeds transferred as cash to the supermarket for purchase (or repurchase) of the funds - with, again, some IC cost involved.
You are also out of the market for a while - which could go against you.

whiteflag_3

Also, if you're not in a supermarket and wish to transfer your funds into one, it is best to do this as a "Stock Transfer" - if your existing fund manager(s) allows this - as the units/shares are transferred over on a bid-to-bid basis.

Carnet this is completely incorrect. To transfer to a supermarket all you need to do is complete a re-registration form. There is no cost to do this however the process can take quite some time. Unless your with M&G and a few less well known providers. Have a look at re-registration at http://www.fidelity.co.uk/direct/select/fundsnetwork/rereg/index.html

carnet

whiteflag wrote:

Carnet this is completely incorrect. To transfer to a supermarket all you need to do is complete a re-registration form. There is no cost to do this however the process can take quite some time. Unless your with M&G and a few less well known providers. Have a look at re-registration at http://www.fidelity.co.uk/direct/select/fundsnetwork/rereg/index.html

Is that not a "Stock Transfer" ?

Just copied this from HL's website - and they run a fund supermarket (Vantage) .

"If you have acquired ISAs, PEPs, pensions, unit trusts and OEICs over the years, with different managers or hold several different share holdings, you may now find it difficult to keep track of them all. Different statements and valuations at different times of the year mean that you never get one simple statement showing how much they are all worth.
The Vantage Service allows you to bring all these investments under one roof. With all your investments in one place, not only are they easier to follow, but it also means that when the need arises you can simply telephone our dealers and instruct them to sell one holding and reinvest the proceeds elsewhere.

Moving your holdings to the Vantage Service couldn't be easier. Simply complete the transfer forms, and return them to us. We will contact your current manager, request that the ISA or PEP is transferred to us, and then write to you once the transfer is complete. If you hold Shares outside a PEP or ISA in certificated form or an exisiting nominee account you can transfer them with your application.

Two types of transfer

A stock transfer, is where shares, funds or other holdings are simply transferred from one provider to another. As the holdings are not sold you will end up with exactly the same number of shares or units at the end of the transfer as you started with, only now they will be held in your Vantage account.

Stock transfers are by far the most popular way of transferring, with only a few groups unable to offer them. Of those that can't, many offer a bid to bid transfer which produces exactly the same result.

The alternative to stock and bid to bid transfers is a cash transfer. This is where your existing manager sells your holdings, transfers the cash to your new manager, who uses the cash to buy your holdings back again. If the market has risen in the time it took to complete the transfer, and you have to buy back your holdings at more than you sold them for, you will end up with fewer shares or units. Of course, if the market falls you could end up buying more, but either way you will also have dealing costs to account for."

whiteflag_3

Is that not a "Stock Transfer

"

Carnet - my apologies

In the same way as you mistook "timber framed houses" for houses contructed using wood, I thought you were talking about using a "stock transfer" form when making a stock transfer. As Im sure you know a "stock transfer" form is used to transfer stock usually between individuals, trustees etc and not joining a "fundsupermarket". No winks here

carnet

whiteflag wrote:

"

Carnet - my apologies

In the same way as you mistook "timber framed houses" for houses contructed using wood, I thought you were talking about using a "stock transfer" form when making a stock transfer. As Im sure you know a "stock transfer" form is used to transfer stock usually between individuals, trustees etc and not joining a "fundsupermarket". No winks here

And how exactly did I do that ? If you read that thread correctly you will see that many of the posters were confusing wooden houses ie houses constructed of wood and timber framed houses. However, I only posted after it had already been established that what the OP was enquiring about were timber framed houses and, as one who has owned a timber framed house for 20 years, I only then gave my opinions on them.

Kindly make the effort in future to get your facts right before telling me that the information in my posts is "completely incorrect".

whiteflag_3

Kindly make the effort in future to get your facts right before telling me that the information in my posts is "completely incorrect".

Carnet, which facts did I get wrong before telling you that the your information was incorrect?.

As far as im concerned, and after all this this is a forum for opinion and discussion, the best way to get on a "fundssupermarket" is to re-register and not to "stock transfer" (whatever that is) as you suggest.

Please advise how you would wish posts to be worded in the event I might disagree with you in the future, so as to avoid causing you offence?

dunstonh

...and re-registering does not cost a penny. Indeed, you may even get paid for doing it.