Stock & Shares ISA

Ialwaysgetdone

I have had a FTSE 100 linked stocks and shares ISA for 5 years (formerly the maxi ISA) and had the maximum £7k in it originally. I have seen it go up to £12,400 in the 5 years before tumbling to the £8,700 it is now. Is it possible for it to go to zero and if it does is that my life savings gone?

dunstonh

Is it possible for it to go to zero

Theoretically yes. However, that would require every single company listed in the FTSE100 to go bankrupt. That would bankrupt the country and put most people out of work. We would be back in the dark ages.

if it does is that my life savings gone?

If its your life savings, what you are doing investing it in a medium/high risk fund? Why a single fund (that bad investing)? and what made you choose the worst index for the last 15 years? (although large caps may be a better place going forward)

Also, stockmarket crashes occur on average once every 5 years. So, if you invest 100% into the stockmarket then you should expect an event like this periodically. At the moment, this crash is not as big as the last one (that just finished as you started investing).

Ialwaysgetdone

dunstonh wrote: »

If its your life savings, what you are doing investing it in a medium/high risk fund? Why a single fund (that bad investing)?

I haven't got that long to live

Thanks for the advice