Lost £570 this year in L&G - what to do?

StevieJ

I lost over triple that today :eek:

jamesd

bundly wrote: »

I think people like you who are highly knowledgeable in the financial field don't realise that people can be so ignorant that it just looks like a big jumble of jargon words placed in a line

Right. One of the challenges both in my work and here is pitching a post at the right level for the understanding of the person I'm replying to. That can be hard to get right because of the limited clues we have here.

IFAs have to do the same thing, making recommendations that their customers can understand.

Rollinghome

jamesd wrote: »

IFAs have to do the same thing, making recommendations that their customers can understand.

Although of course making recommendations that their customers can't understand has often been most profitable.

Glen_Clark

bundly wrote: »

it has plummeted by £570 over a year.

If you hang on I think you will find it easier to stomach routine falls and rises like this, because the value will have risen. So a drop just means your profit is lower, which is easier to accept than a loss.

sabretoothtigger

jem16

Glen_Clark wrote: »

So a drop just means your profit is lower, which is easier to accept than a loss.

All the OP has to do is keep the Bond until maturity as it is guaranteed to pay back at least the original investment. It may return more or it may not.

bundly

Thanks to everyone for putting my mind at rest. I have got it all into perspective now. Cheers.

Credit-Crunched

Another perspective for you, my speculative oil shares have gone from 2k to 14k to 6k in 12 months!

Now that's a plummet, and a rocket and a balance out and a....

brasso

Credit-Crunched wrote: »

Another perspective for you, my speculative oil shares have gone from 2k to 14k to 6k in 12 months!

Just curious -- If 7x isn't a good enough reward, when will you sell these "speculative" shares?

sabretoothtigger

You dont ever sell a good share. The ones that really grow wont stop till they get bought out by a sovereign wealth fund or such like!
Price of oil is going up, on that basis he could just hold. I usually sell way too early on growth shares but its nice to catch the top of something