ISA: As detailed earlier, I will be storing any GBP in a UK ISA. This will happen unless the dollar weakens to a minimum of 1.65 against the pound, in which case I will transfer funds across to the US. I already have a NatWest ISA, which receives 3.25% AER. I had considered Egg ISA however the rate is only 3.05% AER.
US Holdings: Currently only Verizon (VZ). Verizon has been struggling recently with only 0.87% movement in the last 3 months. If it has not made significant progress (at least 5% on purchase) by 11 March, then I will drop.
UK Holdings: Currently only BT Group (BT.A). BT have been performing poorly over the last 3 months with -4.36% movement. Again, if BT have not made significant progrss (at least 5% on purchase) by 11 March, I will drop.
Funds from dropped US holdings will return to PayPal MM, UK holdings will be reinvested in the fund market.
UK Fund Market: Over my cash ISA allowance, I will be investing into the UK fund market. I will decide which fund by 11 March.
Account Closures: I will close Citi GBP Savings, USD Current and USD Savings.
Wednesday, February 11, 2009
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