I know shares/investment accounts are a long game but when shares are doing really badly is there a point where you cut your losses and cash in? Damage limitation I suppose.
I have an investment fund with a bank that has lost 15% of its value since the beginning g of the year and continues to fall. i don’t need the money immediately but it just hurts seeing my savings go down the can more and more every week
This is your decision. If you are up 14k, say 8k after tax, and you really really could do something with 8 k profit plus your original investment, maybe you should cash it in. Or you could stay invested, invest more money now while the price of the units is lower, and stand to gain more in the future. It all depends on whether you prefer an immediate reward or are willing to defer gratification.A decent sum in equal amount in both the below mentioned funds, 7 years just up and overall the fund is up about €14k. What would you suggest I do, leave it there or?
Stop looking then.I know shares/investment accounts are a long game but when shares are doing really badly is there a point where you cut your losses and cash in? Damage limitation I suppose.
I have an investment fund with a bank that has lost 15% of its value since the beginning g of the year and continues to fall. i don’t need the money immediately but it just hurts seeing my savings go down the can more and more every week
Liverpool were 0-1 down to Rangers after 17 minutes in the Champions league last week. If you were a Liverpool fan would you have left the stadium after 17 minutes?I know shares/investment accounts are a long game but when shares are doing really badly is there a point where you cut your losses and cash in? Damage limitation I suppose.
I have an investment fund with a bank that has lost 15% of its value since the beginning g of the year and continues to fall. i don’t need the money immediately but it just hurts seeing my savings go down the can more and more every week
I would double down on my investment now that it's on sale (if you can afford to). An 8% rise would see you in the profit overall then. Diversified Global equities are volatile but a very safe option long term.I know shares/investment accounts are a long game but when shares are doing really badly is there a point where you cut your losses and cash in? Damage limitation I suppose.
I have an investment fund with a bank that has lost 15% of its value since the beginning g of the year and continues to fall. i don’t need the money immediately but it just hurts seeing my savings go down the can more and more every week
That’s a good return, broader market is down more than 15% this year, do not sell , 15% drops occur frequently, you can’t time the market but by spending a long time in it , you will build wealthI know shares/investment accounts are a long game but when shares are doing really badly is there a point where you cut your losses and cash in? Damage limitation I suppose.
I have an investment fund with a bank that has lost 15% of its value since the beginning g of the year and continues to fall. i don’t need the money immediately but it just hurts seeing my savings go down the can more and more every week
Sometimes you can say it is cheaper than it was last month. That is saying a lot.Nobody can say that the fund is "cheap/value" right now.
Classic timing the market fallacy.
Yes, but who's to say that it might not be lower again next month? Timing the market is a mug's game (apologies @MugsGame).Sometimes you can say it is cheaper than it was last month. That is saying a lot.
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