i received my statement that shows i have now returned to the amount i initially invested (after it had dropped considerably) should i pull out now as i haven't 'lost' anything? If i do, what should i do with the money? who's offering the best savings rate at the mo?
2006-10-12 02:49:40 · 8 answers · asked by spikycacti 2 in Business & Finance ➔ Investing
trends in motion tend to remain in motion. So if your investments are now rising, thank your lucky stars and add to them. Stay with the trend.
2006-10-12 03:51:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
the two words on their very own advise no longer something. what's an ISA? it fairly is a tax effectual wrapper, meaning that a undeniable form of investment that would usually be taxable, as to CGT or income tax, is 'wrapped' in an ISA (man or woman mark downs Account) and could become tax loose, or tax effectual. for this reason you have a financial enterprise money deposit on which you pay tax on the income. Wrap that comparable financial enterprise money deposit into an ISA and the income will become tax loose or exempt. Likewise you may usually purchase bonds or shares etc. (investments) and any income or income/dividends may be taxable. If those comparable shares, bonds, etc. are back 'wrapped' in an ISA those comparable useful properties and income are tax exempt. So your investment ISA in all probability skill a inventory & share ISA as adversarial to a money ISA.
2016-12-13 06:54:38 · answer #2 · answered by ? 4 · 0⤊ 0⤋
depends in what percentage your isa has given u find out if this isa has the best rate if not put it into another one i found that my isa was half the ammount of alliance and leicester so i put it in there saving money is the way foward and it will always get u outa a problem
2006-10-12 03:24:01 · answer #3 · answered by spec_007 2 · 0⤊ 0⤋
I had same problem I took my money out and invested in fixed bonds with Barclays bank, cash Isa and bonus saver I know I will not lose my money and I get interest in all three accounts. Most banks are out to sell their products they dont care about you because they get comission be careful when you go to see your banker
2006-10-12 11:44:22 · answer #4 · answered by diamond 1 · 0⤊ 0⤋
Never ask people who are not qualified to answer questions on financial matters, Talk to an Independent Financial Adviser If he gives you duff info they are responsible under law. Lets be fare you would not ask your mates in the pub to diagnose an illness hopefully you would go to an expert, the doctor same thing
2006-10-13 04:36:19 · answer #5 · answered by Jim G 3 · 0⤊ 0⤋
There is nothing magical about being back where you started. You did lose money. Then you gained money. Whether you keep the money there or move it should be based entirely on what you think is likely to happen in the future.
2006-10-12 02:53:43 · answer #6 · answered by kheserthorpe 7 · 0⤊ 0⤋
No, because it will probably continue to go up. If you can't stand the risk, then you need to put it somewhere safer & your investment advisor should be able to help you.
2006-10-12 02:58:16 · answer #7 · answered by M W 2 · 0⤊ 0⤋
What did you expect?
2006-10-12 04:08:13 · answer #8 · answered by Anonymous · 0⤊ 1⤋