Ouch! How things can change...

robp

After returning from a 2 week holiday in the USA (nice exchange rate!), I checked my SIPP and ISA to find that they are now worth less than I paid!

Don't get me wrong, I know the risks etc. but it was still shocking to see what were a bunch of nicely performing funds suddenly having lost so much in only 2 weeks.

Ho hum, at least any new money will buy me more.

Out of the following funds, only one is still a roaring success:-

Artemis European Growth
Fidelity Special Situations
JPM Natural Resources
Schroder UK Alpha Plus
AXA Framlington Managed Balanced
Allianz RCM Bric Stars
Artemis Global Growth
Invesco Perp Income
Jupiter High Income
Neptune Global Equity
Old Mutual UK Select Smaller Companies


Can you guess which one?!

wombat42_2

No I give up.

newmum1

Jupiter high income?????????

amcluesent

We've bought the feel-good factor on tick, the average Briton now owes £33,000

The loss worldwide on sub-prime debt will near $400 BILLION. That's inevitably leading to a US recessions for several years.

UK House prices are already dropping. And that's the start of the slide, a 25% drop is quite likely to return to long term ratios.

Most skilled trades in the UK have been outsourced to manufacturing and IT centres in India and China

Brown has hidden £50 BILLION in debt on PFI schemes, mortgaging tax-payers for 30 years.

200,000 educated British people are now fleeing the UK every year.

We are at or passed peak oil production, $100 barrel is here to stay. And China needs more and more of it!

For Britain, severe, prolonged recession and stagflation from 2008 in inevitable with mass unemployment and social breakdown. :eek:

dunstonh

Thats a high risk spread in general so its no wonder you took a hit such as you did.

hyposmurf

The majority of funds in many of the sectors have been hit lately.It's hard to find many that have escaped.I've watched my few funds dip, but I'll hold out as I'm looking at investing for the long term.Things will eventuaaly improve.

robp

JPM Natural Resources is the only one still doing ok for me in that list.

Yes, high risk generally but I will be adding some more variation over the next few months to bring it back to a more moderate risk level.

Hopefully things will progress the other way over the next 5 to 10 years. I'd be gutted if these investments didn't beat a savings account, but I'm determined to try!

musehead

I bought a high-risk spread of funds about a month ago and combined they are down 6% already. I don't really mind fluctuations in the price, a 6% dip doesn't bother me, but it will be rather depressing if my portfolio loses something like 50% of it's value over the next 6 months to a year!

I've got quite a large chunk in emerging markets and mining companies, and another large chunk in UK Equity income (my "lower risk" part).

dunstonh

JPM Natural Resources is the only one still doing ok for me in that list.

Strange seeing as the fund price has been dropping steadily in the last 3 weeks. 9.041 on 1st Nov peaking at 9.066 on the 7th but down almost daily since then to 7.844 on 22nd with slight upwards to 7.891 on 23rd. A drop of 12.96% between the high and last Friday.

[Deleted User]

I have been banging on about gold and commodities and how to above finance and property.

Looks like my advice has been worth its weight in gold, hahaha.

Maybe I should change my user name to goldfinger

Im still absolutly minting money from playing commodity stocks on the way up, luckily thanks to following the markets daily and the market signals, ive been able to swich away before any downward correction and then got back in. They are all ziggzagging up with great gradients. Price of gold is holding strong, read a UBS analyst report saying that Gold, copper, platinum, palladium and a few other should be good plays for at least 3 years. Zinc, nickel and stainless are not so good. Good oil companies (Avoid BP etc) and tobacco, food, beverage, strong gambling companies. Finance and property very bad plays in the short and medium term, could be 8 years before property is back in play. Out of the BRIC is a good play as long as its value based, be warey of growth based, some stock very muck out of play, china mobile, petro china, vodaphone etc.

Aegis

dunstonh wrote: »

Strange seeing as the fund price has been dropping steadily in the last 3 weeks. 9.041 on 1st Nov peaking at 9.066 on the 7th but down almost daily since then to 7.844 on 22nd with slight upwards to 7.891 on 23rd. A drop of 12.96% between the high and last Friday.

I was about to add that I noticed it drop somewhere between 1/7 and 1/6 of its value recently, but those figures sum it up a lot better than simple hand-waving!