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Tracker ISA
Chrisbib
Posts: 1 Newbie
I have a prudential tracker isa which i have had for about nine years and was doing very well. It has now started losing money at a very fast rate. Should I close it and transfer to a cash isa or sit it out and hope it turns around. It has lost about £800 in 8 months.
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Comments
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It has now started losing money at a very fast rate.
Should have stabalised in recent weeks.
Assuming it is a FTSE tracker, then it is a medium/high risk investment and the drop in recent times is actually relatively small (the one you had 8 years ago was twice as much as the recent drop).
If you cash it in now, you crystallise the loss. It could get worse, it could get better. However, zig zags are to be expected.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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