has anyone noticed that the ISEQ has been in free-fall the last couple of days. Having just put 25% of my investment into Celtic Freeway funds in Quinn life i wonder should i just get out of it. Even though i hope to leave the investment in for 3+ years.
Yes I noticed that alright. But as the others are saying this is the long game. If you don't have the nerve maybe you need to play a lower risk sport. The China fund fell like a lead balloon last month, everyone was tempted to bale out but lo and behold its up another 2-3%.
The Quinn funds are great because you can track them online.. the Quinn fund are a pain because you can track them online.
QP
put a 15% stop loss or what ever margin you are comfortable with, if the market falls to that level then sell and move onto something else.
Alot of inexperienced investors would say that, had you bought the FTSE 100 index at the hight of the 2000 bubble, you would only be making back your money now. However, had you kept buying as it dropped, your average cost wouldn't be that of the 2000 peaks - it would be alot lower. Add to that the dividends you would have received in the meantime and you would be sitting pretty now..
Think about it from this point of view - Everytime any market has dropped in history, it has always recovered and reached new peaks. Therefore, why sell when the prices drop 15%. Instead, you should buy more safe in the knowledge that, unless the markets do something that they have never done in history, you will recover your loses and gain more on top.
has anyone noticed that the ISEQ has been in free-fall the last couple of days. Having just put 25% of my investment into Celtic Freeway funds in Quinn life i wonder should i just get out of it.
If you are concerned then put a 15% stop loss or what ever margin you are comfortable with, if the market falls to that level then sell and move onto something else.
It's usually better to hold and buy as much as you can as the market drops.