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investments
BigBadSteve
Posts: 2 Newbie
Hi guys,
As a total newbie please excuse if this is in the wrong place.
I invested £72000 in a Halifax (didn't know any better) cautious managed investment plan in 2006.
It went recently from £77000 to £62000.
Should I bale out now and save something or leave for a year or two in the hope of some return?
Thanks for reading and grateful for any good advice.
As a total newbie please excuse if this is in the wrong place.
I invested £72000 in a Halifax (didn't know any better) cautious managed investment plan in 2006.
It went recently from £77000 to £62000.
Should I bale out now and save something or leave for a year or two in the hope of some return?
Thanks for reading and grateful for any good advice.
do I cut and run? 13 votes
Yes withdraw now whatevers left.
7%
1 vote
No leave it in the hope it will only get better
84%
11 votes
move it to a good interest earning safe account
0%
0 votes
should have found this site earlier....
7%
1 vote
0
Comments
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I invested £72000 in a Halifax (didn't know any better) cautious managed investment plan in 2006.
72k all in one fund. Not a mis-sale as the remit of a tied agent doesnt include portfolio planning. Its so wasteful though.Should I bale out now and save something or leave for a year or two in the hope of some return?
Its up to you. We have probably go to the point where you have to see it through now. Ride that wave and come out the other side.
What you may want to do though is get the investment spread reviewed. The Halifax cautious managed fund is awful. Switching to a fund supermarket with a proper spread wouldnt have reduced the losses potentially but it would increase the potential. Especially when you consider the high annual management charges of that particular fund compared to other cautios funds.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 -
Thank you for the info so far........I have tried to find historical data on investment recovery following previous 'collapses' but there is very little.
Any further guidance would be most helpful.
thanks
Steve0 -
Generally speaking you should leave stock market investments for 5-10+ years to make them pay. If you need the money in the next year or two then I really don't know what you should do.BigBadSteve wrote: »Should I bale out now and save something or leave for a year or two in the hope of some return?
Also, just to let you know that, from what I've read, dunstonh knows what he's talking about in terms of funds. (I don't, btw!)0 -
I have tried to find historical data on investment recovery following previous 'collapses' but there is very little.
There is rather a lot out there. The last one started only 8 years ago.
However, you are not fully invested in the stockmarket. You have a relatively small amount.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
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