Do I cash in ?

SALTburn64

I have lost over 1500 pounds recently on my stocks and shares ISA should I cash it in ?

Crabby

If you're from that place with a pier, you haven't lost anything,  unless you sell, so I wouldn't worry too much, I'm just down the road and I'm down several times that amount.

dunstonh

SALTburn64 said:

I have lost over 1500 pounds recently on my stocks and shares ISA should I cash it in ?

Thank you for the extensive information on what you hold. It helps us when answering your question...

Why would you want to cash it in when it is doing something you knew it would do at some point?

bowlhead99

SALTburn64 said:

I have lost over 1500 pounds recently on my stocks and shares ISA should I cash it in ?

I'm going to assume you invested £1510 and it's now worth £10. So no, not really worth cashing it in as you can't buy much for a tenner. You might as well keep it and hope it goes back up to £1000 or £2000 and deal with it then.

Alternatively if you invested £6000 and it's now worth £4500, you've lost a quarter, and you are not going to make money for the long term if you buy things and sell them for a quarter less than you paid for them. So, keep it until it's worth more than £4500.

However if you did invest £6000 and have it turn into £4500, and you need to spend the money on something later this year, it would probably be foolish to stay invested until then when you know it could fall further in value and be worth only £3000 by that point and you are not planning on keeping it for enough time for it to reliably go back up in value over the longer term. So you would curse the error of your ways, and cash it in, and keep the money in a savings account until it's needed.

SALTburn64

Thanks for the replies and info, having done quite a few researches the consensus is to hang onto them, so that's what I'm going to do, thanks again.