I am in the UK.
This is a question about my money in a stocks & shares ISA.
The money is in index funds.
My crystal ball tells me that the stock markets (UK & USA) are going to take a long dive. For how long, the ball has a foggy, frosty appearance.
Is it acceptable - I mean, can I? - sell the funds and keep it as cash in the same stocks & shares ISA, with a view to buying back the funds when my crystal ball shows me the sparkling clear future ahead?
Any problems with this?
(And no, the crystal ball is mine, mine alone, even if it sometime comes up with weird results such as Tranmere Rovers will beat Manchester United before the next blue moon).
Thank you from a newbie.