I had €11,000 spare sitting in my current account 2 years ago earning nothing. A BOI investment manager advised me to put it into their Evergreen fund for 5 years, as the fund had been performing very well. Sure enough in March of this year more or less, I got a letter to say that the original 11 grand was now worth almost €13,000. Very satisfied indeeed!
Since then, however, almost €900 has been wiped off it and seems to be reducing. I have called them to express concern but they only say "don't worry, these funds tend to fluctuate".
But surely this is not independent impartial advice? My main question is should I clear everything out of this fund and transfer it all into my safe and secure RaboDirect a/c?
By the way I respect those who give the opinion that one should never try to "second guess" how these issues go but, any advice appreciated.
Since then, however, almost €900 has been wiped off it and seems to be reducing. I have called them to express concern but they only say "don't worry, these funds tend to fluctuate".
But surely this is not independent impartial advice? My main question is should I clear everything out of this fund and transfer it all into my safe and secure RaboDirect a/c?
By the way I respect those who give the opinion that one should never try to "second guess" how these issues go but, any advice appreciated.