halifax isa investor

whatda123

I've kept my money in my ISA investor throughout the recession on advice of my bank who said the low price of shares will surely make me a profit in a long run. Just received my 6 monthly statement and it shows that in the last 6 months I've lost over £700. I'm panicking now and starting to regret my decision to listen to my bank manager. What should I do. Shall I stick it out and hope for the best, or take the money and run

opinions4u

£700 on what amount?

What's the date of the statement?

What's the valuation today?

whatda123

1/7/2011 i had £8000
1/1/2012 it went down to £7300

dunstonh

I've kept my money in my ISA investor throughout the recession on advice of my bank who said the low price of shares will surely make me a profit in a long run.

That is correct as long as you continue to buy investments when they are cheaper to buy. If you dont buy any new ones then you dont benefit.

I suspect what he meant was that you have to average out the good years, nothing years and bad years and not exit when you get a bad year as you will miss out on the good.

1/7/2011 i had £8000
1/1/2012 it went down to £7300

So a very small drop then. What is the current value as it has been a good few weeks?

I'm panicking now and starting to regret my decision to listen to my bank manager.

Why are you panicking at such a small loss?
Why are you worrying about short term volatility that has always been there and will always be there?

whatda123

£700 seems a lot to me in just 6 months. Also, I haven't invested anything in over a year since I have no spare cash at the moment.
Thank you for taking the time to advise me

Vortigern

Which shares have you invested in?
Were these suggested by your bank manager?