emily_moss
Registered User
- Messages
- 55
Hi
After my SSIA maturing date I continued with my €254 contribution into the PIP with Arklife. Like most investments it has lost a lot of money recently. I don't know the details about the PIP, but I do know it is a half and half low and medium risk investment. Anyway, my plan was to cash in the majority of it in in early September as I need some cash. I spoke to my local Arklife representitive about the loss and my options. She suggested leaving it alone and taking out a short-term loan instead for the €10K I need soon. She said that because share prices are so low at the moment it will work in my favour because I can buy a lot more shares with my money now and when the market recovers I will make a killing basically.
Surely it not a simple as that? Am I being fooled?
After my SSIA maturing date I continued with my €254 contribution into the PIP with Arklife. Like most investments it has lost a lot of money recently. I don't know the details about the PIP, but I do know it is a half and half low and medium risk investment. Anyway, my plan was to cash in the majority of it in in early September as I need some cash. I spoke to my local Arklife representitive about the loss and my options. She suggested leaving it alone and taking out a short-term loan instead for the €10K I need soon. She said that because share prices are so low at the moment it will work in my favour because I can buy a lot more shares with my money now and when the market recovers I will make a killing basically.
Surely it not a simple as that? Am I being fooled?