Worried about my Funds

C

charlie MacZ

Registered User
Messages
70
Ok, here's my situation:

I have €10,475 in my Quinn-Life investment funds currently only worth €7856. Euro Zone 40%; China 25%; Emerging Markets 15%; US 10%; Japan 10%. Deposit €600-700 per month.

I started this 15 months ago and planned to stay long for 7-10 years. But my circumstances have changed and now need this for a deposit on a house in the new year. The way the markets are now my funds could keep falling and wondering what to do should I just cut my losses and cash in??Please help !
 
charlie MacZ said:
Ok, here's my situation:

I have €10,475 in my Quinn-Life investment funds currently only worth €7856. Euro Zone 40%; China 25%; Emerging Markets 15%; US 10%; Japan 10%. Deposit €600-700 per month.

I started this 15 months ago and planned to stay long for 7-10 years. But my circumstances have changed and now need this for a deposit on a house in the new year. The way the markets are now my funds could keep falling and wondering what to do should I just cut my losses and cash in??Please help !
Click to expand...

first, like many who have asked similar questions, you would need to
provide more details of your current financial situation
- age, other investments, pension, other loans, etc etc

mainly to find out how financially relevant this funds money is to you.

second, often advised dont invest money you will need access to in the short term, cause markets will go up and down....

I know in hindsight its no good for you to hear this now,
but hopefully others will provide example to others.


with your new situiation you must FORGET ABOUT THE €10,475 FIGURE
its now irrelevant and can only cause you trouble!

if your house deposit is your new main priority and you NEED THE CASH you should clearly cancel payments and withdraw the €7856 cash now
no point worrying if it will fall/rise,
it will be less stressful knowing you have a solid cash figure against
deposit and you arent "gambling" on short term movements on this fund.

aside from this investment decision, and you havent given much personal
details, but are you sure you want to buy a house in today in Ireland??

JR.
 
another thing, with the market SO VOLATILE right now
the value from cashing in may vary maybe 10% day to day
(esp with days like today)

you cant set a price you want to sell at, like you can with individual stocks
you have to just take what they give at the time they process your
request,
so you could be lucky/unlucky depending on how prices went right up
to you action execution.

you could cash in say, 50% say today, and then another 50% next month
and spread this "delayed execution risk".

(similar to buy strategy of dollar cost averaging)

I presume this isnt even a pension fund where you get the tax break?!

you could cash in 50% now and put in a high interest deposit,
and let the other 50% ride for another few months so not miss any
sharp bounces, and half your worry over deposit,
and of course cut you monthly payments into fund
-> redirect to high interest account.

JR.
 
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