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Is it time to bail out?
Comments
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Well if you do continue you are getting units very cheap compared to what you were so will benefit from 'pound cost averaging.'
It's up to you what you do but if it is over a long time frame it should be fine.I work for an IFA and can provide guidance on pensions, savings, protection and investments. What guidance I do provide should not be taken as advice. If you are in any doubt I suggest you speak to your financial advisor or, if tax related, a qualified accountant.0 -
As has already been said, now could be one of the best times to invest. Your cash is buying more than it has done in a long, long time... No-one can call the bottom of the trench but few would say that current conditions aren't providing great buying opportunities for long term growth....and then the window licker said to me...0
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thanks guys, your comments are much appreciated0
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mekky, you cannot go by what others are doing but for info................. I have recently started investing monthly in a number of funds (£400 pm), something I haven't done now for a large number of years.
It really depends on your timeframe, attitude to risk/losses, and circumstances.
cloud_dogPersonal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
It was on the BBC news this morning that now is the time to buy shares. BUY, BUY BUY!!!0
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About 3 months ago I opened a stocks and shares ISA, and elected to pay £300 a month in. I've lost £140 so far!!!
The theory is I'm buying lots of cheap shares now, and all will come good in the end. I hope thats how it works out, because this rate of loss is not comforting, especially when a lot of my savings are stuck in Iceland.0 -
The poll result is very interesting. I'm feeling a little bit happier sitting on my investments at the moment. Well, as happy as I can be with losing thousands on my investments. I think the panic that people are feeling has contributed to the mess that we're in at the moment. It is totally understandable though.0
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The market is down at the moment... But that doesn't mean that you should bail out. It's just not how it works... This is not the time for short-term investors. It's really hard to assume how the stocks will behave in the near future. But who think long-term, there's no fear. If you can afford to invest long-term, it's all gonna be good.
Also, be careful which stocks you're buying. Analyze the niche... If you ask me, I'm all for health/science/research/nano companies. Let's take medical nanotechnology for an example... I really don't doubt that those guys are gonna find a cure for cancer or AIDS or any other deadly disease. I would invest in these kind of companies... and fell assured that I won't lose my money. Here's an article I found, talking about nanomedicine and the today's financial market - http://www.nanomedicinecenter.com/article/where-does-nanomedicine-stand-in-the-financial-storm/
These days it's hard... but long-term... it's all gonna be okay. Best of luck to you!
Give me my money!0
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