Halifax ISA Share Saver

caut_1

Hi all

I currently have a Halifax ISA share saver, where the monthly contributions are being directed into their medium risk savings plan.

Over the last few years I did really well out of the account and prior to a withdrawl in JUne 07 (wedding costs) we had substantially more than we had invested.

However with the stock market events of recent times, the account has less in it than we have invested, and each month the account balance seems to be slighty lower.

Should I temporarily stop monthly payments into this account, or should I continue to invest as at present I am obviosuly getting more shares for my money, hence when we eventually leave recession the investment will be worth much more?

caut_1

Anyone care to help? It would be appreiciated

opinions4u

caut_1 wrote: »

Should I temporarily stop monthly payments into this account, or should I continue to invest as at present I am obviously getting more shares for my money, hence when we eventually leave recession the investment will be worth much more?

If you believe the markets will recover, you have probably answered your own question.

Other suggestions would be to review why you're in the fund you're in. Find a local IFA and take the opportunity to reassess your investment objectives.

StevieJ

caut_1 wrote: »

Hi all

I currently have a Halifax ISA share saver, where the monthly contributions are being directed into their medium risk savings plan.

Over the last few years I did really well out of the account and prior to a withdrawl in JUne 07 (wedding costs) we had substantially more than we had invested.

However with the stock market events of recent times, the account has less in it than we have invested, and each month the account balance seems to be slighty lower.

Should I temporarily stop monthly payments into this account, or should I continue to invest as at present I am obviosuly getting more shares for my money, hence when we eventually leave recession the investment will be worth much more?

If it was me I would carry on as the lower the market the bettter, I think you would probably get a better deal with a L%G or Fidelity tracker

MrExample

StevieJ wrote: »

If it was me I would carry on as the lower the market the bettter, I think you would probably get a better deal with a L%G or Fidelity tracker

I concur. If you've decided to keep your money in there, and are keeping it there in the medium/long term, it'd be disingenuous to stop paying when the market is low and then resume when it picks up.

peawack

This is the time of distressed and foolish selling, but the stock market will take a long time to rcover from this. I, personally, would hang in there, but you will have to be patient in the extremme. It could take years.