HL stocks and shares ISA advice needed

MONEYTREE_2

Well Big Fred and Dunston

I have read and read re-read all the posts and I am still in two minds what to do.

I don't currently need income from these funds. They are all in accumulation funds not income ones.

Part of me is panicking and wants to withdraw. Dunston scared me.

The other part of me is saying leave the money in and stop checking it every day. Walk away for 6 months.

But then Dunsty thinks if I do that, I could look and find my 40k turned into 20k.

So I still don't know what to do!

bigfreddiel

You've answered your own question. You don't need the funds now.

Just leave it. Do not check it every day, you will panic.

Check it in six months.

You have ACC funds which is good.

Dunsty is a professional IFA. His job is to point out risks, but sometimes they just strike fear into people. Ignore it. IFAs know no more than you and I. If they did they would be millionaires and would have no need to 'sell' their advice now would they?

It's a bit like racing tipsters.why do they do it? If they were any good they would keep their tips private and live off their winnings.

And another good old adage, it's time in the market, not timing the market that counts.

Hang in there, don't check everyday, enjoy life, check back in six months.

Cheers fj

dunstonh

Dunsty is a professional IFA. His job is to point out risks, but sometimes they just strike fear into people. Ignore it. IFAs know no more than you and I.

Damned if you do. Damned if you dont.

Hang in there, don't check everyday, enjoy life, check back in six months.

And it may be worth £30k at that point. If Moneytree can accept that, then fine. If not, then she needs to come out of those investments.

MONEYTREE_2

This is terrible.

One says stick with it, it will get better.

The other says get out now or it will get worse.

So I am back where I started before I began this thread.

My 1800 loss is today "only" 1789.

Jox

Hi Moneytree, no-one knows for sure what you should do.
It just depends on whether you like the stability of a savings account or the risk of stocks and shares where you could profit or lose.
Good luck

dunstonh

My 1800 loss is today "only" 1789.

And tomorrow it could be only 1200 or it could be 3000.

One says stick with it, it will get better.

It is really very simple.
1 - Do you accept that the value of the investments WILL go down as well as up at times? The current spread is volatile.
2 - Can you handle the value falling to £30k or lower?

BF is focusing on the upside potential and telling you to ignore the downside. I am focusing on the downside potential. No-one is unhappy when it goes up. It is when it goes down that people complain/worry/panic.

You posted here after a very small loss of just over 3%. That is tiny. You could lose a lot more. Ten times more. So, if you were worried over a 3% loss, what are you going to be like when a 30% loss comes along? (and its not if, it is when).

MONEYTREE_2

Dunston - I don't mind it going down a bit if it goes up again fairly soon.

But you are talking about me logging in in 6mo time to find my 40k down to 20k and that literally makes me want to sob.

What I want to know is, shall I pull out right now, and take the £1,789 loss?

jimjames

MONEYTREE wrote: »

This is terrible.

One says stick with it, it will get better.

The other says get out now or it will get worse.

I'm a bit confused, much like you Your other thread doesn't seem to tie in with the info you're posting here.

Long term it almost certainly will get better. Over the long term companies make profits and aim to grow their business and that should be reflected in the price of their shares. Short term markets move in different directions based on other information so you may see the price lower on some days or months.

If you're not comfortable seeing that sort of movement then investments might not be for you. However if you put the details to one side and only look after 5 years then you are likely to be pleasantly surprised. Remember you only actually make a loss if you sell up in panic, leave the money there and it should recover - no one can say "will" but over long term it has always happened before, at least for a diversified portfolio. Only you can decide if you are happy with that.

[Deleted User]

Hi,

MONEYTREE wrote: »

stop checking it every day.

MONEYTREE wrote: »

My 1800 loss is today "only" 1789.

you've been keeking.

jimjames

MONEYTREE wrote: »

Dunston - I don't mind it going down a bit if it goes up again fairly soon.

But you are talking about me logging in in 6mo time to find my 40k down to 20k and that literally makes me want to sob.

But in 7 months time it might be higher than it is now. No-one knows. My portfolio dropped about 25% earlier this year. It's now higher.

MONEYTREE wrote: »

What I want to know is, shall I pull out right now, and take the £1,789 loss?

Only you can decide that. No-one else can make that decision. I wouldn't myself but if you are that worried then it may be the best for you to do.