Spectacular failure of dabbling in the stock market..

nick1234

rather than lost money you are probably just down like most people at the moment, it should recover and beyond in the next 6-12 months.   i would by now as the market is low you get more units for your money

bostonerimus

6022tivo said:

dunstonh said:

If I go for the local IFA @dunstonh route, I just google the local area, or is there a IFA rating and review type site/list. 
I always worry about them being carless or just sales/commission focussed, but I hear that comment a lot on here. I know they are not charity.. 

There is no rating site.

IFAs do not receive commission and most are small localised firms with 1-5 advisers.  So, not a salesforce.   You pay the adviser fee.  No-one else.  The adviser works for you.   We are probably getting mixed up with FAs.  Especially those that worked with salesforces. Such as a bank.  Indeed, you seem to have it back to front.  The salesforces of the banks and insurers were the ones with poor reputations, sales targets, pressure etc.

That said, even if you had gone with a salesforce/wealth manager, they wouldn't have made the mistakes you did with your selection. 

Best place to find a IFA please. 

And yes, I know, thanks for the reminder.. 

On the boat they bought with your money...sorry couldn't resist with a setup that good.

soulsaver

k6chris said:

adindas said:

6022tivo said:

redpete said:

One of these is down to 0 today!

Are you sure? That would be something catastrophic, like the fund manager going bust with no protection of investors' money.

Evraz.....

Something to do with Abramovich owning 29% etc etc... 
Far too much Russian Involvement 

the 0 may be because it was suspended when I looked.. 

 EVRAS,  I have this stock.  stock is not going to zero. Trading is just being suspended. Have not tried it but I think you could still sell it, but not adding it.

I have a few shares in this in my 'dabble' account with iWeb.  Unable to sell online.

Unable to sell with IWeb by any method: It says 'phone' but save yourself a wait, it'll say Evraz share trading is suspended.

DireEmblem

You need to ask yourself a few questions.  How easily do you need access to the funds.  If you're happy leaving them 5-10 years plus then most I think would still suggest the stock market is the way to go.

Instead of individual stocks, the Lifestrategy range or a global index tracker fund is probably what you're looking for - something you can top up slowly over time, and let someone else manage it for you.

I do have to say its an odd split if you went 15-20% into each.  Personally for me I stick with 80-90% global equity funds, and only allow myself to dabble with the rest.

The alternatives are LISA/pension but it all goes back to the first question - how easily do you need access to the funds.

6022tivo

pip895 said:

You don’t seem to have answered the question about how much money you have actually invested - what percentage is it of your total investable assets. For a start If the amount is under 100k then IFAs are unlikely to be very interested.

Apart from possibly Evraz.. the rest aren’t really bad investments..  high risk certainly but not ridiculously so if you have that balancing amount in cash.  Stating the obvious - you will only have lost money if you chose to sell at a loss.  It may may make more sense to invest additional funds rather than sell up.

100k and about 33%

enthusiasticsaver

Looks like a bit of a high risk portfolio to me which is why it is down considerably.  We invest now through an IFA on a medium/low risk portfolio and even that is down from earlier on in the year.  These are the times we live in at the moment and it is a question of riding the drop as selling consolidates the losses. I would definitely not recommend high street bank advisors.  

eastmidsaver

i think when you had the cash,  you a) accepted the risks of stock market  and b) were aiming to keep it for long term (around 5 years at least).
i can see why you feeling as you are,  because nobody likes seeing money drop so quickly,  and many people have suffered 20% plus losses this year, so you are not alone.
but it's the nature of the stock market and it could easily increase just as rapidly too.

george4064

Nothing wrong with the various holdings you have, just that they seem to just be mingled together without much/any thought.

I also hold Baillie Gifford Shin Nippon (BGS) and JMG. BGS is very concentrated Growth orientated which was down quite a bit before Ukraine/Russia, due to rising interest rate environment.

JMG is also highly concentrated and is down along with Emerging Markets as a whole, I recently bought some more JMG and might be buying more soon.

6022tivo

Couple of things. 
I'm not crying or about to jump off a tall building. My other 66% maybe closer to 80% or even higher if I class my home as part of my wealth bundle is pretty much 100% safe, a lot of it very much protected against inflation. 

Some folk saying it's not too bad which is good to see, I may just balance it up and do some more research. (didn't go well initially) 

I'll probably put my allowance in 20k before the end of the month and buy something else to balance it maybe. 
Not sure what would balance that, I guess I went too much into the emerging markets.. 

Evraz is pretty much written off for good now? Or ?? 

Thrugelmir

6022tivo said:

Evraz is pretty much written off for good now? Or ?? 

The reprecussions of current events will have changed the landscape.