Sell up and consolidate?
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guppy55
Posts: 12 Forumite
For the last few months things seem pretty flat with the funds I own, Is this a good time to sell all my funds, deposit the cash into a 3 or 5 year cash account with for example HL active savings or similar paying up to 2.7%, wait for the uncertainty of brexit and the ongoing trade wars to hopefully settle down, then reinvest if conditions improve?
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If that's the way you feel why not hedge your bets, sell half and keep half?0
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For the last few months things seem pretty flat with the funds I own, Is this a good time to sell all my funds, deposit the cash into a 3 or 5 year cash account with for example HL active savings or similar paying up to 2.7%, wait for the uncertainty of brexit and the ongoing trade wars to hopefully settle down, then reinvest if conditions improve?
There is never a time when everything settles down with no dark clouds to be seen. If you do sell now there a the danger that you will only feel it is safe to buy back in when prices are higher than now. The general advice is to stay invested.0 -
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Thrugelmir wrote: »Let the fund managers make the decisions. That includes the amount of cash to be held.
Since their incentive structure is quite different from mine, I wouldn't dream of letting fund managers make my allocation decisions for me.Free the dunston one next time too.0 -
Another half way house is to move into more low risk funds . In this case you lose less if there is a big market correction, but still have some gains if markets continue to move forward. I partly did this about a year ago.In the meantime UK has gone up a little; European markets are down; Far East has been up but now back down and of course the US is up significantly . So overall probably have lost out a little due to my caution but nothing that significant.0
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