You have my sympathy. Been there and done it. I know you can get premium bonds back as had the same problem. Just had to fill in a form.
And the guy doesn't always end up worse off!
it sounds like they both got a result in the end getting rid of you winging brasses
Well, I'm definitely paying a very heavy price for something that is absolutely no fault of mine whatsoever and which I've tried my hardest to find a solution to for the last 4 years.
Dave, we definitely pay a monthly fee atm of about £12. Is my best course of action just to write to them?
If yor paying that then I would suggest its probably a managed fund. I would call them first and ask them what your £12 is for.
Tell them all you want is for them to hold the shares for you your not looking for any form of active management.
If they say tough then you need to look for an ISA transfer (Sounds hard but its not) and I will try and help you with that.
If they say we have a better deal see what you think.
What, you mean almost a year in, the one that's still living here cos he can't afford to live elsewhere and has managed to get through all his investments and savings and land up with debt of around £50k and still expects me to run him to and from the station?
For god sake do not sell the LTSB shares yet. They are just starting to creep back up and I am expecting them to look much healthier Autumn/Winter time.
I have been keeping a close eye on them as I have a few myself.
Why are you opposed to the premium bonds though?
Because they do at least give me some return over the year, the ISAs don't. I need cash quickly for my kids and to see me through the divorce and to me it just seems more sensible to get rid of the ISAs, in particular the banking shares.
Matt, I know that probably makes a lot of sense, but I don't see any dividend. Now I'm not sure if that's cos it goes into the "cash" part of the ISA or if the dividends are somehow paid directly into our "joint" account. It's something I suppose I need to look into.....along with the loads of other financial conundrums that are presenting themselves.
Don't know how long you've had those shares but they won't have declared a dividend since at least 2008. That was only the first quarter results, so it'll be another 3 months until their half yearly results and they are then likely to pay a dividend about a month after that.
Dividends are usually paid out by cheque but you could of course be part of a dividend reinvestment scheme, whereby all the dividends are reinvested in new shares to increase your shareholding.
Hmmm....so maybe for convenience and speed it would actually be more senesible to cash in some of the p/bonds? And we've had them since they were upwards of £10 a share!
As a footnote I dont think LTSB shares are paying a dividend out for quite a while yet due to the investment they took from the government.
Good point, I forgot to mention I couldn't remember what the terms of the bailout were when it came to paying dividends. I wouldn't be surprised if they aren't allowed to declare a dividend, even though not doing so will harm the value of the government's investment as a major shareholder.....