HBOS Stocks and shares ISA

warrior_princess

HI everyone
im looking for some advice .
i have held S&S isa with halifax - cautiously managed fund since 2 years
as of today my shares value stands at 6100(my investment - 7300)
im really disappointed with the way my investment is going ............after reading previous thread i have grown more sceptical about hbos investment plans
wht do i do? ..........should i dump them now? should i cut my losses now?
im not in immediate need for the money....i can wait for a further 2 year.
oh believes we should dump them and offset it against the mortgage
any advice is welcome

dunstonh

m really disappointed with the way my investment is going ............after reading previous thread i have grown more sceptical about hbos investment plans

Whilst Halifax investments are poor, the alternatives would have gone down as well. You invest for the long term and you have only been in there 2 years of what is considered a minimum of at least 5 years.

wht do i do? ..........should i dump them now? should i cut my losses now?

At the moment you have a paper loss on an investment which zig zags in value on a daily basis. You should have been aware that losses could happen, especially in the short term before you took it out. What has changed between now and then that makes you want to take that money out?

No-one knows the future but bad investing is investing at a high point and pulling out at a low point.

shaf00uk

I concour with dunstonh, you need to wait at least five years as it should be treated as a medium to long term investment.

For less than 5 years then you should have put the money into a high interest saving account or used the money to offset your mortgage.