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what will happen to my saving and investment?

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Comments

  • badger09
    badger09 Posts: 11,877 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    aviii wrote: »
    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

    Do you know exactly what your 'low risk stock and share account with the bank' is invested in?

    Did you actually tell the 'bank adviser' you were saving for a house deposit in the short term?

    Which bank?
  • jimjames
    jimjames Posts: 19,400 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    masonic wrote: »
    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.

    Totally agree. Friday was the first day. The level of uncertainty generated over the weekend could mean some much, much larger falls to come.

    When will Article 50 be triggered?
    Will EU force Cameron's hand to leave sooner?
    What trade deal will be in place?
    Will Scotland leave?
    Will MPs block leaving?
    Will there be a general election to give mandate to new leader?
    Will EU start to fall apart as a result of Brexit?

    So many questions and at the moment very few answers, all this will impact on markets.
    Remember the saying: if it looks too good to be true it almost certainly is.
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