I,m loosing money--help

debbie42

Aegis wrote: »

They'd be living on a tropical island surrounded by gorgeous girls, sandy beaches, large mansions, speedboats and large piles of money, just because they'd be THAT rich, right?

Have you been round to Dunstonh's pad?

Aegis

debbie42 wrote: »

Have you been round to Dunstonh's pad?

Nah, I'm not young-, female- or gorgeous enough

Pendle_Gazza

Aegis wrote: »

Nah, I'm not young-, female- or gorgeous enough

Plus it IS an 11-hour flight and 2 hours by sea-plane to get there!

Bankgal

On her advice we put 100,000 in a medium risk personal investment plan it

I phoned her yesterday and she not to worry because it is going to jump upwards ?

I need advice what would you do.

When the FA from Halifax gave you her advice, she should have measured your level of investment risk (cautious, medium or adventurous) and recommended products accordingly.
It sounds like you are not happy with the risk of a medium investment (which by the way, I hope has been split into several funds) and therefore the product sold doesn't sound right for you.

However, all investments should be looked at over a medium to long term (3-5 years) and even a drop 10 months in should not worry you unduly as I would expect the lost ground to be made up.

Does the £98K include any deducted fees? If you have been charged 4% (£4k) to invest, the investment could have actually made £2k.

Personally, I wouldn't cash in the investment as it crystallises your loss, but I would talk to your FA again to clarify if any fees have been deduced from the capital.

jamesd

How long did you say that you expected to leave the money invested? That's likely to be the key factor in determining if it was a sale of an inappropriate product.

For medium risk this investment has done well given market events over the last ten months. It's probably not really medium risk.

How long do you expect to leave the money invested somewhere? When might you need it within a month or two and how much of it might you need in that timeframe? How much can the value go down before you start to worry about a decrease in value?

a11waysindebt

Fro what I'm reading here you have been charged 4k and lost 2k on the investment.

And the rep has said not to worry.Am I correct.

DeepSporran

a11waysindebt wrote: »

Fro what I'm reading here you have been charged 4k and lost 2k on the investment.

And the rep has said not to worry.Am I correct.

No, the OP didn't say that.

It was Bankgal who suggested that this might have been what happened. The OP hasn't confirmed anything about charges.

Paul_Herring

JohnDocherty wrote: »

[invested in S&S ISA]

On the upside though, CoFunds have now added a facility for their investors to track their fund value online so I can get a daily update on exactly just how much money I've lost [to savings]

If you're looking at your investment on a daily basis, and comparing it to savings, I'd guess that you really shouldn't be 'investing in the stockmarket' on such short terms.

There was an article in todays Guardian (Family Section IIRC) about some mother bemoaning the fact that her CTF was crap compared to 'savings,' if she'd stuck it in a savings account. Her child was 3 (I think - it was under 5 anyway.)

I really want a large 'rolleyes' smiley for this. There isn't one

masonic

Paul_Herring wrote: »

I really want a large 'rolleyes' smiley for this. There isn't one

:rolleyes: __________

Bankgal

Sometimes (usually in my experience) when money is invested for a customer, there is a charge for going into the investment and then possibly an annual mgt charge if it is in a managed fund.

You should be aware of any charges that you have paid when investing your money - check your paperwork and call your FA for clarification.

If you have been charged, you may not have lost any money on the investment itself, just the initial charge to put the funds into it.

The stock market is not performing well at the moment and will not suddenly 'shoot up' unless something UNEXPECTED happened (which your FA will not know about).

I stand by my original statement though - keep your money in.