Selling my investments and keeping them as cash

FDa65rdk

I wish I'd done it now!

Oh, well. You've only made or lost money at the moment you sell but seeing the gains I've accumulated over 3 years get wiped out in a few months is not nice.

FDa65rdk

Good grief!

Zola.

Whats that now?

EdGasketTheSecond

If you go all cash then you are only protected up to a certain limit (£85k ?) if the provider goes bust. If you are invested then, at least in theory, your investments are held by a nominee and ring-fenced if the provider goes bust.

EdGasketTheSecond

FDa65rdk wrote: »

I wish I'd done it now!

Oh, well. You've only made or lost money at the moment you sell but seeing the gains I've accumulated over 3 years get wiped out in a few months is not nice.

Well your choices are:
1) Jump out the window of the nearest tall building
2) Be miserable until markets recover
3) Forget about it; its only money


I'd opt for 3)

jimjames

FDa65rdk wrote: »

Good grief!

The increase in the Dow yesterday? If only you'd bought the previous day!