shares isa plummiting

chrise17

This year I opened a virgin stocks & shares isa with £5100.
In some 3 months it has decreased by almost £1000,
should I pull out this early or stick with it,
probably the wrong time to open at all I think.

CLAPTON

presumably you were investing for 5 or more years
so wait and see

datostar

This is very common with stocks & shares which are prone to market fluctuations. Bear in mind that you haven't actually lost any money yet, but if you cash it in you certainly will. You need a longer-term view. Many collective investments (i.e. unit/investment trusts, OEICs) achieve more growth via reinvested dividends than capital appreciation, so again, you're looking at the longer-term.
If the paper loss really bothers you, try to restrain yourself to checking prices every few months rather than every day!

dunstonh

This year I opened a virgin stocks & shares isa with £5100.

Virgin only offer three funds. Two are medium/high risk (typically above the risk profile of the average new investor). They are actually a pretty poor quality ISA manager. Neither cheap or a quality offering.

So, what made you choose to invest in higher risk funds rather than lower risk funds?

probably the wrong time to open at all I think.

No. That is what medium/high risk investments do. They go up and down in the short term but you leave them for at least 5-10 years plus to average out those ups and downs.