Funds...why bother

campins

I have just totalled the sharedealing I have done with the proceeds of a policy I took out with a well known finance house, after two months I have made back the £1500 I was down after saving with them for ten years! Funds why bother:rotfl: :rotfl: :rotfl: Thoughts.

Farway

FWIW here are my thoughts

If you do not understand shares are for long term not instant profit [unless you are one of the City whizz kids], then you really should not have bought them in the first place

Too late now, whatever you do, do not compound your folly by selling, that is the normal reaction of novice investors, buy when high, sell low at loss

campins

I wonder if I could get any money out of the fund managers for the poor performance?:T

dunstonh

campins wrote: »

I wonder if I could get any money out of the fund managers for the poor performance?:T

No.

Was the fund a poor performer in its sector or was the sector you were just didnt have the best of periods?

whiteflag_3

campins wrote: »

I have just totalled the sharedealing I have done with the proceeds of a policy I took out with a well known finance house, after two months I have made back the £1500 I was down after saving with them for ten years! Funds why bother:rotfl: :rotfl: :rotfl: Thoughts.

Didnt you get an enormous sense of well being from knowing that you were helping to keep a few oxbridge types that really dont know ther asre from their eblow in highly paid jobs for the last 10 years?

campins

Strangely not whiteflag :mad: They have got to do better than this surely.

campins

Farway wrote: »

FWIW here are my thoughts

If you do not understand shares are for long term not instant profit [unless you are one of the City whizz kids], then you really should not have bought them in the first place

Too late now, whatever you do, do not compound your folly by selling, that is the normal reaction of novice investors, buy when high, sell low at loss

Well my apologies Farway but that is a particularly heavy load of A**e you posted there mate. Shares are for anytime, long or short and I prefer the latter. Get in make some money and get out quick before you lose your shirt that's what listening to the good advice has taught me. :beer:

Scrapper

campins wrote: »

I have just totalled the sharedealing I have done with the proceeds of a policy I took out with a well known finance house, after two months I have made back the £1500 I was down after saving with them for ten years! Funds why bother:rotfl: :rotfl: :rotfl: Thoughts.

Would you like to share with us how you made the £1500? Perhaps you have the Midas touch, or good information or good luck?

deaglecat

After endowments, pensions, equitable life, unit trust losses etc.... the finance industry is no longer trusted by a sizeable subset of the current generation - many of whom have personally had their fingers burn't.

Blah99

campins wrote: »

Well my apologies Farway but that is a particularly heavy load of A**e you posted there mate. Shares are for anytime, long or short and I prefer the latter. Get in make some money and get out quick before you lose your shirt that's what listening to the good advice has taught me. :beer:

Nice to see your investment strategy includes sensible things like trailing stops to maximise returns and minimise losses. But hey, why worry about having a robust methodology when you can just get in and out quick before the world comes crashing down around you, right? Better to push that sell button in a panic than not push it at all.

Hmm.

campins

Scrapper wrote: »

Would you like to share with us how you made the £1500? Perhaps you have the Midas touch, or good information or good luck?

Buying and selling ordinary shares. I was under the impression that Matey down at old finance house are us, was doing the same thing!! what a sh**e performance man. :eek: :mad: perhaps a fishing rod is more in order. :rotfl: :T