what will happen to my saving and investment?

aviii

I have some saving in an low risk stock and share account with the bank, should i be concerned about it?
i was thinking of taking it out but people are saving that investments will go back up - should i just wait it out - i really do not want to lose what i have put in.

what are everyone else opinion

eskbanker

Buying high and selling low is rarely a recommended strategy!

Typically you should go for such products on the basis of long term investment, i.e. ten years or more - this negates the effect of short-term volatility like we're seeing at the moment, which you should expect within the overall timespan. So, when did you invest, what time period did you have in mind and how far ahead are you?

FOREVER21

Remember the investment mantra,

." In a falling market you only loose money if you sell your shares"

aviii

the plan was to keep it in a short term investment - as i was planning to buy a house - but as we all know how house price have been increasing, this has not worked out yet..

YorkshireBoy

Strange choice. The best place for house savings over the last few years would have been in high interest current accounts with a guaranteed 4% AER+. How's your investment performed against this figure?

dunstonh

Risk based investments should not be used for short term. You know losses will occur and you have to wait for recovery. Short term may not allow for a recovery.

masonic

To be honest, the market reaction could have been a lot worse. If you find yourself invested inappropriately, I'd be inclined to correct that sooner rather than later. There could be much worse to come.

aviii

@Yorkshire: i was a mug, the bank adviser said my funds would be better in stocks and shares - this was about 3 years ago..

enthusiasticsaver

The market reaction today wasn't too bad for a well diversified fund. It is never a good idea to sell low. Do you need it out? Also bank s and s isas are rarely good value. Are you sure you are invested appropriately for your risk profile? Check the bank fund performance and charges anyway on mine atop or morning star to make sure it is in the best place

eskbanker

aviii wrote: »

the plan was to keep it in a short term investment - as i was planning to buy a house

aviii wrote: »

the bank adviser said my funds would be better in stocks and shares - this was about 3 years ago..

Did they put this in writing, alongside the outcome of their fact-finding about your objectives, timescales and attitude to risk? Based on what you've posted this sounds like poor advice to me....

AnotherJoe

aviii wrote: »

the plan was to keep it in a short term investment - as i was planning to buy a house - but as we all know how house price have been increasing, this has not worked out yet..

Awful idea then, money for a house in a year or two should never be invested in shares. Did someone advise you to do this ?

Edit ; I see they did. I would look at claiming compensation except - how is the value now compared with three years ago? I would start cashing it in if its higher. If it's lower, I'd be starting a claim against the bank.