Stocks and Shares ISA current climate

kimwp

daz378 said:

Yes I'm adding monthly  about  50 pound.
But this  is only about  12% of my savings..that I realise is risky... my pension DB  thankfully does not rely on the market...which is only a few years away...Lisa  is a long term investment...and should rise in the long term..despite the current volatility....but I'm just a punter...sure others on here can advise better than me

What's your logic in taking out money at a loss and adding it back over time ?

daz378

Was still up a little...when I withdrew  about 160 up...spooked by the market...lessened  my risk...but not totally lost my nerve...probably not being very logical

kimwp

daz378 said:

Was still up a little...when I withdrew  about 160 up...spooked by the market...lessened  my risk...but not totally lost my nerve...probably not being very logical

Thank you for sharing. It's hard seeing the numbers go down, but all the experts say hold firm. By selling when your portfolio value has gone down, you are locking in the loss.

What are you invested in, that takes 2 weeks to sell?

Hoenir

kimwp said:

daz378 said:

Was still up a little...when I withdrew  about 160 up...spooked by the market...lessened  my risk...but not totally lost my nerve...probably not being very logical

Thank you for sharing. It's hard seeing the numbers go down, but all the experts say hold firm. By selling when your portfolio value has gone down, you are locking in the loss.

All depends whether you expect the same holdings to recover their value. Or whether the remaining capital is better used elsewhere. Many retail investors struggle to accept the fact that their investment judgement is on occcasions poor. A skill to learn to be emotionally detached. 

Eyeful

Lillyplant said:

Hello,
I am not wealthy, however was left 20k which I put in a stocks and shares ISA via HSBC. I've lost about £600 which is so disappointing. I appreciate there are risks, but that's a huge % for me.  Should I leave it there or take it out? My goal was to keep it saved for 5 years and then update my car and do some home improvements.  What do you think? 

We are all different.
We do not know what you have invested in, what your personal circumstances are and a host of other thinks. 

So here are a few things to consider:

1. Anything to do with money carries some form of risk. All that changes is the size and type of risk.
Example: Even a low risk savings account, which is protected up to £85k by the FSCS has risk attached. In this case inflation risk.
https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbh/mm23

2. At the monument it is just a paper loss of £600. If you cash in now it will be a real loss of £600.

3. Stock Markets go up more often than they go down.

4. Stock market are for the long term. The longer the better. 

5. The historic % chance, of winning in the global stock market, over a 5 year period is between 80%-90%.

6. Any money you need within 5 years should be in either
NS&I (100% UK Government protected)
Bank or Building Society Account on the FSCS list, protected up to £85K.

daz378

Update moved 1k to cash isa paying 5.7% moneybox.. left 1800 in s&s isa...which is back up to  13% returns.. I accept  should have held my nerve...but s&p dropping 1000 points spooked me...even though I studied economics..over 30 years ago...but it's all experience