RBS Collective Investment Funds Ltd

Bayeux_Tapestry

I am at present putting £50 per month into the above and to date I have lost over £1200 (I've invested around £4000 in total). I haven't checked what my cash in value is today though; too afraid to call. Shall I keep up with the monthly payments or just stop altogether? On the other hand I have also received a £2000+ redundancy payment; should I throw this in the pot considering the share prices are very low? I must add I was lucky to find new employment immediately so this money is a bonus to do with as I desire.
I wish I never signed up for this in the first place.

Bayeux_Tapestry

Anyone? Have I asked something I shouldn't have? I am new to this game.

ad44downey

Bayeux_Tapestry wrote:

On the other hand I have also received a £2000+ redundancy payment; should I throw this in the pot considering the share prices are very low? .

I have no idea what RBS are investing your money in, hopefully not shares in RBS But almost certainly you should diversify your investments and spread the risk. And put the £2k into some other investment

Bayeux_Tapestry

Thanks for your reply add44. Much appreciated.
I was collared a few years ago in a Natwest branch and as I had a bit of surplus left over out of my salary, I was persuaded to go for this. So I did and as I was informed it should be considered as a long term (5yr+) investment, I pretty much forgot all about it. I obviously should know more than I do at present so I better get in touch with RBS damn sharpish. I would have thought though that there were other posters who may have a similar stocks and shares ISA as this. Anyway i'll get the low down and post a few details and maybe i'll get a better response.
Thanks again.

Blah99

The first thing you should do is ask your advisor to transfer your holdings into the new RBS managed funds. RBS are running down their old funds and are not properly actively managing them, so get out now.

dunstonh

or you could get an IFA to review the investments and give you whole of market access to the 2000 funds out there and not just a small handful of RBS ones. Or you can do it yourself.

Bayeux_Tapestry

I received a letter from NatWest regarding my RBS Collective Investment Funds, a couple of days after beginning this thread stating that they were changing the way they look after my investment. My plan number is now a shareholder number. Do I assume this is good news and keep my £50 a month payment? If I cash in now I will lose over £1200!!!

Blah99

Bayeux_Tapestry wrote: »

I received a letter from NatWest regarding my RBS Collective Investment Funds, a couple of days after beginning this thread stating that they were changing the way they look after my investment. My plan number is now a shareholder number. Do I assume this is good news and keep my £50 a month payment? If I cash in now I will lose over £1200!!!

No, this is what I posted about. They're switching you to the new funds. It's good news in that the old funds were awful, and the new ones appear to be better (although too soon to tell). Whether you want to keep paying in £50 a month is up to you - that's the minimum investment amount, so if you can afford it and it doesn't prevent you from making other investments I'd suggest you just keep paying in to get pound cost averaging and wait (potentially a few years) for rebound.

Bayeux_Tapestry

Thanks Blah.
I can afford to keep up with the £50 monthly payments and I do have "other irons in the fire". What intrigues me is that you say the previous funds were awful; how were they so? Was I sold a ringer? The two NatWest financial advisors I met with seemed to think it was the best thing since sliced bread, for obvious reasons. Both of them said they had invested also. I just hope they lost out too but I doubt it.

Bayeux_Tapestry

When I started this thread 10 months ago, I wondered what I should do about my RBS Investment Funds, stocks and shares ISA as I had lost over £1200.
Well I stuck with it and kept up the payments, whilst keeping an eye on the FT management funds graph and today, I found out that I was in credit to the tune of 32pence. Hussar!!
My next question is, what should I do now? Carry on as normal till everything plummets again or is there an alternative route I could take?

dunstonh

Carry on as normal till everything plummets again or is there an alternative route I could take?

You get a major drop on average every 7 years and a number of smaller more frequent drops in the interim. The zig zag nature of returns is to be expected.

You dont seem that bothered with the money as you left it where it was. So, if that is the case why are you bothered with it now? Do you need it now or near future?