Advice on my OEIC investment

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Mr_Scrooge wrote: »

Good evening,

A lack of understanding - Id agree with that. I wasnt expecting to be in this situation as this was the lowest risk fund that was offered by Lloyds TSB.

I was shown / discussed figures that showed an average growth of 8% per year, and when I went to see him a couple of weeks ago he still forcasted a 5% increase for the rest of the year despite the current financial situtation.

He too told me that I am checking the account to often - but its hard not to! When you know that you are losing money from the start it is difficult not to look in the hope that things have picked up. He scheduled me for a review in January.

I dont mind taking a risk (I knew at the start that would be the case). But now I have taken the risk and am losing I want reassurance / advice as to what to do.

Will be seeing an IFA in the hope that they can be of assistance. Anyone recommend a decent one in Reading?!? : )

Might sound like a stupid question, why did you invest the money in the first place? I presume there is some event in the future you will need that money for?