I received my 2009 statement this morning and unsurprisingly, the value is at 6854 (net) having paid in 9768 in premiums since 2000. Is this loss of 2900 small enough that I can just leave it and it will recover at some stage or should I just take the money and invest it in some of the higher interest rate accounts (hoping that I can make my 2900 back quicker).
I realise that this is the type of cystal ball gazing and I am not talking aboug large sums of money but I am basically looking for some reassurance that I should just leave it. I am only paying in the minimum each month (€75).
The other lesson I learned was that I was originally advised to take this product by my helpful AIB financial advisor. I now realise that it was a sales pitch rather than independent advise!
I realise that this is the type of cystal ball gazing and I am not talking aboug large sums of money but I am basically looking for some reassurance that I should just leave it. I am only paying in the minimum each month (€75).
The other lesson I learned was that I was originally advised to take this product by my helpful AIB financial advisor. I now realise that it was a sales pitch rather than independent advise!