Investment ISA

pbear28

Hi
I have an investment ISA that I started 2 years ago. It is now standing at a value of 15% below the capital I initialy invested. This loss has taken place in the last 3months
Do I stick with it or do I bail out ?

PB

Lokolo

15% is ok.

However we don't know what you have invested in so we cannot really comment.... go on... give us a hint...

pbear28

sorry misunderstood the question. Its in a halifax ISA account no idea what its actually invested in, just know its cautious funds. ??

Aegis

If you bail out then you take the losses. If you hold then it might get worse, but it might get better. It's your call really.

pbear28

thanks for the reply, Not really clued up on investments etc, just wanted to know what people who knew what they were talking about would do.

Regards
PB

cheerfulcat

pbear, it depends in part on what you intend to do with this money in the longer term. If you are saving for a specific goal in the near-ish future and need a particular amount then it might be wise to go to cash - I do think that we will see the markets going lower for a while. Having said that, they can move upwards very quickly when the time comes - too quickly to jump back in and take advantage. Sometimes it's best just to do nothing...

However, if you are saving for the medium or long term, and particularly if it's for retirement or extra income later in life then I would say certainly stick with it and perhaps even add to it.

A compromise option would be to move half of the money to gilts.

Can I suggest that the most important thing to do right now is to find out what you've invested in because without knowing that you are flying blind! And I don't mean just finding out the name of the fund - look a bit deeper and find out what sort of investments it holds. Find out a bit more about past performance and charges while you're at it - you might find that you'd be better off in a different fund, perhaps even with a different provider.