Ive heard recently that the FTSE is at its peak and set for a collapse.
Can anyone expand on this and is it time to trade in the FTSE trackers and invest in NS&I saving accounts or something else instead??

I finally pulled my FTSE All Share tracker out last week - at the highest point it's ever reached. That's not to say it won't go higher of course.

Not sure what to invest the loot in yet - it's still in its ISA wrapper - just as cash right now, but it seems a waste to cash it out.

How can you cash it out??
ive invested in Share Isa..

Does this mean i can seel the shares and still hold in the ISA?

Yes, you should be able to. The proceeds of the sale will be reflected as cash in your account and this cash will still be protected by the ISA wrapper. You can then buy new shares with that money (still protected by the ISA), or 'cash it out' and have it paid into your bank account. That's what I meant by 'cash it out' in my previous post, sorry for any confusion.

This is the case with Selftrade at least. You should check with your ISA provider.

Rubbish. Opinion is divided between those who think the FTSE 100 will keep rising and that there will be some sort of temporary correction. In the middle of the last two years there were temporary lunges in the FTSE 100 but the FTSE 100 then afterwards surged strongly.

Incidentally the FTSE100 has been way underpeforming the FTSE250 and European markets for years so you should have some dosh in those.

Trying to second-guess the markets usually fails and the best strategy is to keep it for the long haul - 10 years plus.

If you had invested at the height of the Iraq invasion when the markets had sunk very badly and almost everyone had given up on them, currently you would be sitting on a very tidy sum.

My main reason for getting out of my FTAS tracker was due to duplication in my portfolio rather than any expectations of impending doom, as I recently bought a load of shares from some FTSE100 mega caps (BP, VOD, LLOY, and more) which were already well represented by my FTAS tracker (BP was 4.6% of the tracker, VOD 3.1%)

It may be near its all time high when looking purely at the numerical figure but if you factor in "real" inflation, i.e. something over and above the spoon fed tripe the ONS spews out it isn't anywhere near a new peak. e.g. my personal inflation is probably more in line with council tax rises, and that has doubled for me over the past 10 years. This represents a year on year increase of approx 7% compounded. So applying this to the ftse100 which was appox 4000 in 1997 it would have to be 8000 now just to keep up with 7% just mentioned (i.e. the same in real terms). Alternatively even if you believe the ONS figures and use say 4% (approx RPI) per year since the last peak in 2000 or there abouts the ftse100 would now have to be 30% higher ( i.e. approaching 10 000) just to match the last peak in real terms. Anyone care to comment?

Its just the large caps (FTSE100) which are underperforming, mid-caps (FTSE250) and small caps have performed much better and i think have more than kept pace with inflation etc. I think it is to do with the fact that once a company gets a certain size, it becomes difficult to grow more.

Worth bearing in mind,we are now approaching levels on the FTSE not seen in 6 years or so.The problem with being up here is there is going to be MASSIVE resistance,so it's more likely that we will head south soon.

the UK really isn't that competitive and money is made faster elsewhere.It's only really currency debasement that will help the index.That needs to happen soon.