fund advice

jem16

westy69 wrote: »

if i could have my original investment figure back it would all be going straight in the bank regardless of inflation!!

This sounds like you are not really cut out for investing and that you would not be happy with any drop even in the short term.

It sounds like savings is what you really want.

westy69

jem16 wrote: »

This sounds like you are not really cut out for investing and that you would not be happy with any drop even in the short term.

It sounds like savings is what you really want.

you are quire right i am not cut out for investing with that particular money which is why i am trying to figure out what the best approach is now.

westy69

whiteflag wrote: »

If you invested for the long term, why did you complain when your funds "fell" in the short term?

You made sure you made the fall into a loss by switching funds.

Feel sorry for the poor new IFA you are now abusing trust and time wise.

try reading the post and the link and you will find the answer to your question, incidentally the fund switch has saved me more losses.

My new IFA has had no work to do so far he is there in case i need him not that has anything to do with you

:beer:

Stavros_3

westy69 wrote: »

you are quire right i am not cut out for investing with that particular money which is why i am trying to figure out what the best approach is now.

Westy, I'm trying to be objective here. If you want to cut your losses and run into a safe bet with savings, then your paper loss of however many grand becomes real...you've lost it. The other alternative with your IFA is to adjust your portfolio to cautious investments, ride the storm until the upturn. I've parted with a huge sum, my investments are riding the storm, its well balanced, some up, some down but they are ok. Investments are for long term, with a minimum of 5 yrs for growth on your capital. If you are losing sleep on your investments, then the safer but less potential option is savings. Good luck, my final piece of advice is to have a really good chat with your IFA

jem16

Stavros wrote: »

Good luck, my final piece of advice is to have a really good chat with your IFA

I agree. Your IFA is the best person to advise as he is the only one who will have all the information about you and your circumstances. Anything else is just pure guesswork and could see you actually losing money as opposed to just perhaps losing money.

My investments are down from where I started 3 years ago but they were meant for at least 5 years and more likely 10 years so I plan to let my IFA do his job.

whiteflag_3

westy69 wrote: »

try reading the post and the link and you will find the answer to your question, incidentally the fund switch has saved me more losses.

My new IFA has had no work to do so far he is there in case i need him not that has anything to do with you

:beer:

yep , i read it more than once , think you should as well now.

I find the concept of "having an IFA" thats has done no work so far an interesting one. Given they have done nothing , when did you know they had become your IFA?

westy69

whiteflag wrote: »

yep , i read it more than once , think you should as well now.

I find the concept of "having an IFA" thats has done no work so far an interesting one. Given they have done nothing , when did you know they had become your IFA?

if you have nothing constructive or usefull to say can i suggest you dont say anything please

i could answer your questions but based on what you have said so far there is no point.

westy69

thankyou to everyone else who has commented i appreciate that and will keep you informed of my compliant

thanks again

hedger

westy69 wrote: »

you are quire right i am not cut out for investing with that particular money which is why i am trying to figure out what the best approach is now.

Ive every sympaty with you westy. Like you I invested (in SJP funds) a substantial amount (for me anyway) 3 years ago and now Im £40K down. The fear of redundancy is now hanging over me so I am desperately debating with myself whether to whip the whole lot out and put it in the bank. Im meeting my IFA on friday to discuss this scenario. No doubt he will say dont crystalise the losses but I can only see the markets going one way in the next few years and thats DOWN. I havent read anything else to convince me otherwise....

dunstonh

hedger wrote: »

Ive every sympaty with you westy. Like you I invested (in SJP funds) a substantial amount (for me anyway) 3 years ago and now Im £40K down. The fear of redundancy is now hanging over me so I am desperately debating with myself whether to whip the whole lot out and put it in the bank. Im meeting my IFA on friday to discuss this scenario. No doubt he will say dont crystalise the losses but I can only see the markets going one way in the next few years and thats DOWN. I havent read anything else to convince me otherwise....

SJP are not IFAs. They are tied/multi-tie.

Why do you see the markets going down? They are already priced on the basis of recession. Its only news that was not expected or if its worse than predicted that will see markets fall back further. Markets tend to act 6 months or so in advance. They also tend to go up too much in good times and down too much in bad. It may be worth changing your reading material.

Whilst there are no guarantees, you shouldnt taken action on expected news thinking it will get worse when expected news will be priced in already. Its the unknown that causes the volatility.