ISA fund depletion

jimjames

Eggbertyone wrote: »

Archi
The advice from FAs has got me an ISA that has underperformed,
I am disappointed with the judgemental nature of so many people here. I asked for help

How do you know it's under performed? What are you comparing that performance to?

I don't think anyone has been judgemental, purely trying to find out what you have invested in and why suddenly a 13% drop is a massive issue when 40-50% drops in 2008 weren't?

What is the other investment that you are looking to switch into? Who has advised that would be a good idea as you have stated you are a novice?

dunstonh

a number of years ago i had a conversation with someone that said what he had before underperformed but what he did himself was so much better. I got some details on it and it turned out what he had before would have performed better than what he had moved into. The only difference was that the earlier product went through a crash and the later product went through the recovery.

So, all the comments asking about context on the "under-performance" issue are justified to work out your understanding.

To be blunt, and I usually am, the statement about being aghast about a 13% loss on an investment held for around 13 years (in a period where multiple occasions there would have been far larger losses. Possibly as much as 40%) does indicate a lack of knowledge and understanding. A lack of knowledge and understanding is not a bad thing but if you are going to make decisions without attempting to understand then that is bad thing.

cashbackproblems

Out of interest how much are you paying this FA and what are the fees?

I am in a similar situation portfolio of 20k lost 2k in the last few months, but i dont give two cahoots! I am investing in high risk trackers and funds self selected for long term eg 5-10yrs plus and this is just a bip it will recover

As mentioned no one can help unless you know your portfolio allocations and investments, you could well be 100% in emerging markets in which case a 2k loss is actually decent

Pincher

I Heard from the Herd actually worked this time.
As it turns out, the trains are actually going to Munich, via Vienna.

The high risk investment paid off.
US$4,000 buys a foothold in Germany.
What a bargain.

The Chinese fools are paying €500,000 for a Portugese investor visa.

The traffickers are the new Ryanair, taking no frills to a new level.
Buy shares in them, quick, as soon as they list on the AIM. Europe or Bust, ticker EUB.

redmalc

The trains should be going back to were they came from Syria,Iraq etc

nrsql

Decide whether you think the stock market is a good place for your money. At one point you did, have you changed your opinion?
You should expect the odd 20% swing and not infrequent 10% swings, if your plans can't cope with that then maybe it's not the place for you.

If you still think the stock market is the place for you then it's cheaper than it was a few weeks ago so you should be thinking of buying rather than selling - maybe with an element of rebalancing after deciding whether you are happy with your diversification.

As to your investment opportunity, if you think it is better with regard to profit and risk then the odd few weeks of uncertain market shouldn't be swaying you. Look at what happened historically with Japan.

slowpoke_rodriguez

JHow much was the initial investment 18 years ago? How much could you stuff in an ISA back then? A couple of thousand pa?