Looking for a good investment

1 year ago my wife and I invested £75,000 in Prudential only to find after 12 months it is only worth £74,051. I realise the market has been very volatile but surely there must be something out there which would show some growth in an investment of that size? I was thinking of buying gold coins. Has anyone any advice or thoughts?

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  • MeteredOut
    MeteredOut Posts: 1,103
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    edited 24 October 2023 at 3:37PM
    Have you read the other similar threads on this board? Doing so will really help you going forward and will let you know the details people will want if you want their guidance.

    Others more knowledgable than me will no doubt be along soon, but it would help if you share exactly what you invested in. Prudential is the company managing your investment, not who you  invested in.

    1 year is very short term in investing, so if you're worried about a 1.33% loss already, then you should perhaps reconsider your investment choices and/or approach to risk.
  • Albermarle
    Albermarle Posts: 21,105
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    Prudential have lots of different funds to invest in, how is your money invested ?
    The size of the fund has no bearing on its performance.

    A typical medium risk fund is up about 4 % in the last 12 months .
    A lower risk fund will be quite flat, whilst a higher risk fund could be up around 7%.

    In the next 12 months it could be the other way around of course.

     I realise the market has been very volatile . Not especially.

    In any case one year is a very short time in investing terms, you should be in it for the long haul.
  • artyboy
    artyboy Posts: 807
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    At the risk of sounding rude, if you expect growth over every 12 month period, then perhaps investing isn't suitable for you and you should stick to cash savings?
  • dunstonh
    dunstonh Posts: 115,663
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    1 year ago my wife and I invested £75,000 in Prudential only to find after 12 months it is only worth £74,051.
    Not unexpected seeing as 2022 was a negative year (and October has been a negative month in 2023)
    Also, Pru usually take an initial charge for things they set up.  How much of that is the initial charge?

     I realise the market has been very volatile but surely there must be something out there which would show some growth in an investment of that size?
    you appear to contradict yourself there.
    i.e. you say you realise but then question why there hasn't been growth.
    So, it appears you do not realise.

     I was thinking of buying gold coins.
    Investing in a Prudential product isn't what I would call a good option but gold coins is just nuts.

    Has anyone any advice or thoughts?
    Negative years are approx 1 in 5 (with another being little or nothing and three growth).      That is a guide as sometimes you get 8 years of growth and 2 negatives in a row. 

    2022 was a mild loss year on the stockmarkets but 2023 was a growth year.   However, 2022 and 2023 have been a double year of losses for fixed interest securities.     So, if you are heavy on fixed interest securities, you would see a loss.  Even if the stockmarket side has grown.   If you are heavy on stockmarket, you would expect to be up at this point.  So, I suspect you are not heavy on stockmarket.





    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.
  • Eyeful
    Eyeful Posts: 334
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    edited 24 October 2023 at 7:06PM
    1. Investing is for at least 10 years, the longer the better.
    2. If you need the money within 5 years (or are concerned about your investment after only 12 months,) you should stick to savings accounts.

    3. For a good sound investment, watch the video below:-
                      https://www.kroijer.com/

    4. Now consider a low cost multi asset fund or ETF, set at a risk level you are comfortable with
  • Put it in a 1 year fixed deposit bond at 5.9% and you’ll have £78420 this time next year guaranteed…
  • Richard1212
    Richard1212 Posts: 491
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    edited 24 October 2023 at 11:42PM
    Are you putting all your available money into just one company's shares ? Best to spread your net to take in other blue chip companies.

    And, making any sort of assessment after only one year is not how it "works". Actually, you haven't done too badly considering last years' markets but you shouldn't really tie up everything in one place---whether it's stocks and shares or savings or collectibles etc.

    If you do not want to look long-term, then shares are not for you. Good luck on whatever decision you make. 
  • jimjames
    jimjames Posts: 17,494
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    edited 25 October 2023 at 8:11AM
    surely there must be something out there which would show some growth in an investment of that size?
    I don't understand your logic here. If the market is down 1% then it doesn't matter if you've invested £10 or £10million it will still be lower by 1%. It's just that one will be a bigger cash loss than the other.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Johnjdc
    Johnjdc Posts: 343
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    If you are stressing out about a decline of 1.2% it would be very unwise to buy gold which is perfectly capable of doubling in value, but also halving.
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