ISA Cash Park is a temporary location for deposits or fund switches before making investments, it is time limited, the IR requires money left there to be returned. Fidelity send a nag letter with valuations/ statements.
Anyone know the time limit? Is it 30 days or some nominal figure, or until FY ends, or what?
30 days would be ok, 90 days would be better.
AFAIK there is no actual time limit. I believe the HMRC rules say that the money must be there to be reinvested at some time but I very much doubt if they are checking to see who has and who hasn't done this. If you went a year I wouldn't be surprised and I would be surprised if you were taken to task even after this. Fidelity is only nagging you to keep in with some vague law or other.
Rob Graham
Great, thanks for the info. It must be possible otherwise how could people phase investments in/ out.
Basically having snapped Fidelity MB-Income at the
25.65-25.45-26.10-26.20 level I reduced to normal weight over the past few weeks. Just wanted to be sure I could sit in ISA Cash Park without problem. I should add I sat in Cash 2004-2008 in view of an increasingly "splashy-credit-culture" hitting greater fool theory, so the crash was not unexpected.As to where things go now - an interesting mix of Sovereign debt risk, GAAP ripped up for USA bank balance sheets, Santander balance sheet tricks etc. I'm not so much bothered about QE impact in the future, more of a concern is the pickle of domestic growth - £4 of consumer spend creates only say £1.5 local growth, thus forces public deficit spending to fill in a domestic growth gap which gets increasingly difficult as time goes on. Unemployment is simply massaged numbers hiding sick related benefits - the real long term cost is simply being sellotaped over. Surreal world, John Nash would be proud.
The Absolute Insight Currency Fund is an interesting one. No currency funds come up on the usual "supermarket fund filters".
USD has been a relatively easy cash trade over the decade (my business used to involve considerable importing with a fair bit of currency play leaving competitors unable to price match, too often overlooked by small business). Unfortunately I missed the easy credit-induced devaluation having closed a US brokerage account (duh).
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