inscape investment

hondavfr_2

Hi all,

I have a bit of a dilemma I was hoping to get some advice about, I have got about 70,000 in an inscape investment account, over the last five years the account just about betters what I could of got in a high interest savings account, but as you know it drops as well as rises. Its been a bad year so far, I started the year with 70,000 and its just below that, I have made my mind up to cut and run but its just when to do it. Should I close the account now and put it in a high interest account or wait for the value to go up and then close, any advice greatfully accepted.

dunstonh

What sort of investment is it?

hondavfr_2

Hi, The investment has been made for stability, the allocations are

UK equities 33.46%
US equities 3.45%
Europe exUK equities 4.22%
Pacific Basin ex-japan 1.30%
japan equities 1.67%

Sterling bonds 55.91%


Thanks for you help

steve_IOW

IMO I would leave it where it is, unless you need the cash, I've had £23.500 invested in mixed Unit Tusts in Peps/ISAs since 1999, and its worth £29500 as of today, I'm afraid its a long term thing with Investment accounts, if I'd put my money in a high intrest account, I would have probably been better off over that period, but I have every confidence over the long term the Investment route is the best way to go,thats if you don't need the cash.
Another option would be to review your Investments and switch to other Funds/Equities if you're not happy with your current choice.
Hope this helps. Regards Steve

dunstonh

I'm not sure how you have managed to only just beat your investment over 5 years. Whilst the last 12 months havent been the best, the 4 years previous would have seen significant growth on most of the stockmarket based funds.

It's not the greatest allocation and I ma not sure what risk level it is trying to be. I wouldnt be surprised to hear that this has high charges as well (assuming you arranged it through Abbey)

Can you alter the allocation or funds within the invesmtent? Maybe getting an IFA to review it would be the best option as it almost certainly is expensive and not utilising the best funds or spread suited to your risk.

hondavfr_2

Thanks for your advice Steve and Dunstonh,

The charges, I get charged £250 each quarter so £1000 a year, and I did arrange it through Abbey, I have had this investment for about five years, the fund manager has altered the allocation about twice in that time, I have this feeling with all the trouble in the markets I might be better off in a high interest savings account

Regards

dunstonh

You problem isnt the markets. Indeed, only half your money is on the markets anyway. Your problem is getting a toytown company to do your investments. That is easily resolved by re-registering/transferring the ISA element and changing the unit trust element. If you want to go defensive for the time being then you can still do that within the investment with any fund supermarket. However, you need to get away from what you have currently.