Stocks and shares ISa

JDFS

Hello
I have had a stocks and shares ISA with Standard Life since 2007. My initial investment was £2,300 and a brokers fee of £92 was taken. Today it is valued at £3,042. Can anyone please advise if this is performing well or not?
Many Thanks

Linton

Impossible to say unless you tell us what it was invested in and why. Who chose the investment? You said your initial payment was £2300 - was that the only payment?

JDFS

thanks for your reply

Yes that definitely was the only payment. I will try and find out what it was invested in. An insurance broker chose the investment for me. It was originally from a pension that was frozen. I have the option to move it elsewhere so what I'm trying to work out is, is there a better option that would return more than £700 over an 8 year period?

AndyT678

JDFS wrote: »

thanks for your reply

Yes that definitely was the only payment. I will try and find out what it was invested in. An insurance broker chose the investment for me. It was originally from a pension that was frozen

Performing well in comparison to what?

If you mean are there other investments that have done better. The answer will be yes.
If you mean are there other investments that have done worse. The answer will also be yes.

The why part of the question is the more important bit. Without knowing what the goal was it's impossible to tell whether it has done well.

If the goal was to preserve your capital; then it's done pretty well.
If the goal was to take more risk in the hope of doubling your money; then it's done pretty badly.

Even if your selection has performed well, the next obvious question is what is your goal now and is what you have the best thing to achieve that?

enjoyyourshoes

Approx 3.6% cumulative increase for each year of its investment.


Need to compare that to other opportunities to ascertain is relative performance.


Don't forget there was a crash in worldwide stock markets in2009/10 so that has to be balanced with the average annual %age gain. Stocks go up as well as down.