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share isa
kathnorm_2
Posts: 1 Newbie
started share isa in april -obviously not doing very well - should i cancel?
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Comments
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started share isa in april -obviously not doing very well - should i cancel?
so many ways to answer that. First one is that a stocks and shares ISA doesnt have to be invested in stocks and shares. You havent said where you are invested. The only thing we know is that you have an ISA.
The other main thing is that you havent said if its single or monthly contributions.
Lastly, we are just 6 months on from your start point. Investing is a minimum of 5 years and typically you would expect a stockmarket crash once every 5 years. So, this was always going to happen. Its just happened at the start (actually you invested during).
Give us some detail of your investment and if its single/monthly.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 -
An ISA is a long-term investment - I'm currently down 30%, but I'm holding for the long term, and am confident I'll see significant growth back during that time.0
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