threadneedle latin american fund

fender2000

i have the above fund in my portfolio is it time to cash it in as it continues to lose money,thanks

dunstonh

fender2000 wrote: »

i have the above fund in my portfolio is it time to cash it in as it continues to lose money,thanks

This is a very high risk and highly specialist fund. Typically would form no more than a few percent of your overall portfolio.

So, what made you pick it and what has changed in your situation/portfolio build that means you think it may not be suitable now?

Forget performance is the fund is doing what it was always going to do when you pick a nice area. These are prone to having extended periods that are strong and periods or weakness. In picking that fund at the start, one assumes you knew the risks. Or, (and be honest) was it a bit of fashion investing that was wrong for you or you didnt realise how high risk/specialist it is?

fender2000

the ifa i used picked them for me 10 yrs ago as i was paying £200 per mth to sterling rather into a pension i have now moved them to charles stanley i didnt know the difference at the time between a cash isa or a s/s isa its only now i am starting to understand a bit more about funds etc,these are the other funds he chose for me-
artemis mngrs uk growth/acc
artemis mngrs uk special situations/acc
fil inv svcs uk global spec sits w acc nav
fil inv svcs uk spec sits w acc nav
henderson gbl inv eurp sel opps i acc nav
henderson gbl inv global technology fd i nav
henderson gbl inv uk alpha i acc nav
invesco fd mngrs perpetual jpnse smlr cos y
jupiter ut mngrs inc trust i inc
m&g inv man recovery sterling i acc
schroder unit tst uk mid 250 z acc
threadneedle inv american zna acc nav

are they any good and should i opt for more cautious funds now if they are risky as i am now 60 any advice please as i dont use a ifa anymore

dunstonh

You should invest within your knowledge an understanding. So, really, you should update your holdings to bring them in line with your needs and understanding.

The selection is very much what you would expect 10 years ago. Not so much now. not just that fund but a few of them. I would go for a full overhaul if I was you.

fender2000

any recommendations as there are probably thousands to choose from or i was thinking of cashing them in and putting half into more cautious funds and the rest into a prufund or all of it as the prufund cautios is making around 6.7% before charges and then in a few yrs hopefully start taking a 4%income i am a basic rate taxpayer and been told cgt wont affect me,what you think

Broken_Biscuits

Latin America and brazil in particular is at a low. Personally i am watching a few funds and will be buying near year end most likely.

the theory being that what goes down is more likely to come back up if you have a 10-30 year plan. China has agreed to significantly invest in brazil's infrastructure in 2016, which should improve business for all.

a lot of assumptions in the above. Its an opinion and not advice.

dunstonh

any recommendations as there are probably thousands to choose from

I cant make recommendations as that would be a regulatory breach. Plus, there isnt enough to go on as nobody here knows anything about you.

Most modern platforms have access to almost 30,000 investments nowadays.

i was thinking of cashing them in and putting half into more cautious funds and the rest into a prufund or all of it as the prufund cautios is making around 6.7% before charges and then in a few yrs hopefully start taking a 4%income i am a basic rate taxpayer and been told cgt wont affect me,what you think

Its one of the 30,000 options. I really cant say if it is right or not.

CGT would be an issue if the gains are above your CGT allowance and the investments are not held in an ISA.

fender2000

thanks all