Being 'between the devil and the deep blue sea' as of last week I sold all shares and Oics in my ISA which now contains approx £200,000 at a secure 2% net. This is a temporary measure until I reinvest i.e. when markets fall to a lower level, hopefully within the year.
OK, I only get a safe 2% net, and I am losing in the meantime say about 5% divs, if out for a year; a net loss of 3%. I am considering this 3% as insurance for a year on my 200K capital while awaiting again a better point of entry, rather than remain in what appears to be an inflated market.
Could this be cheap insurance !? If I am reinvested within the year my insurance drops, however I do realise that I lose out IF there are any further market advances that may have affected my portfolio.
If company insurances are available for such, 'say a 1 year cover of an Isa portfolio against the market', would that have been a better cost/ option ? Not being a pro investor I still find myself... " between devil and the deep blue sea! "
