I have put some money into my avc's in starting in feburary last just when the market had just bottomed out,so i checked the value of my fund last week and found to my surprise that the fund had only what i had put in (breaking even) so what happened to buying shares at rock bottom prices as far as i can see most of the indexes have gained up to 40% since march maybe we are naieve.
That is surprising. I have to ask the silly question... what kind of funds are the AVCs going into? Hopefully not cash or bonds? If it's some kind of conservative fund that might explain it?
Ix
I am in a similar situation and am really not sure what to do. I have a PIP and PEP and the value has more or less halved over the last year or so (I’ve put in about 50k and it’s only worth 27K now). Some people say I should keep paying in as the funds are now buying cheap shares, so in theory the fund will be worth a lot more when things pick up again. That makes sense, but at the same time I feel I'm throwing good money after bad; you don’t lose half your savings with a standard savings account.
If I just leave the money there and stop paying into it, and the global economy picks up, does this mean I may one day get my money back or at least break even?
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