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25 year endowment matured in July 18
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PSW1
Posts: 2 Newbie
I have not cashed it in as I was told the value was protected. Over the next 3 months it gained £300 in value. Now it's lost £1 k. Do I leave it in or cash it in? Would really appreciate any advice.
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Have you still got a mortgage or other expensive debts you can clear with the money0
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I have not cashed it in as I was told the value was protected. Over the next 3 months it gained £300 in value. Now it's lost £1 k. Do I leave it in or cash it in? Would really appreciate any advice.
If the policy matured in July 2018, then it would no longer be invested.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If it is no longer invested why does the value go up be down?0
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If it is no longer invested why does the value go up be down?
If it is still invested, then it hasn't matured.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I also have a 25 yr endowment with standard life that will mature in May this year.... any ideas what I should do with it.... it doesn't cover the current mortgage I have and it would only pay a small part off the mortgage anyway.... and as the mortgage is a lifetime tracker 1% above br don't think it's worth doing.
Any advice is welcome.
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Molly, your question is not about endowments it's about what to do with an unknown sum of money for someone in unknown financial circumstances.
Post a new question of your own in the investments (not the mortgage) forum and give some detail. At present you've just asked (effectively) "I'll be getting some money in May what should I do with it?"0
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