S&S ISA

[Hong Kong Phooey]

Hi, first post in the Finance section so please be gentle

I have not yet used this current years £10200 allowance. Now the FTSE has lost a few points, is it wise to go in with the full £10200 now, or to hang on a little while? I was planning on adding it to my previous ISA which is a fund of 10 different funds (hope that makes sense). The other option was to put £5100 into my cash ISA now and then the other £5100 into S&S.
I appreciate no one has a crystal ball and knows the *true* answer to this, but a little *basic* advice would be most appreciated.

What would you do?

Thanks

[mids]

First of all, I'm no expert by any means but my thoughts are if the tories and lib-dems do a deal before the markets open on Monday and if the announcement tomorrow about the latest EU plan for dealing with sovereign debt has some meat on the bones as Sarkozy suggests ( Clicky ) then things should settle a bit.

You don't say how long you're investing for, if it's long term then market timing shouldn't make a large difference but if it's short term then with what happened on Thursday and the fact nobody seems sure about exactly what caused the huge spike I'd be sitting in cash for at least a day or two and watching things closely.

[Hong Kong Phooey]

Thanks mids. I plan for this to be possibly be part of my pension - but also like the idea of being able to release funds should something else crop-up - whether that be for an emergency OR a further investment i.e. property. I would not release these funds for pleasure i.e. car. So in short, this IS a flexible investment. TBH i cant see me wanting to release funds for at least a couple of years.

Thanks, good to hear your views