Looking for some opinions folks. I have approx. €17K sitting in an old Ark Life PEP that's about 9 years old. The current value is very marginally above the sum total of my contributions down through the years (which doesn't surprise me given state of stock markets & most of my contributions were at the height of the dot com bubble). What I'm wondering now though, is should I just take the hit & cash the policy in or hold out until markets recover (god knows when). If general concensus is cash it in, should I use the €17K to:
a) Reduce o/s mortgage balance (currrently paying 5.65%)
b) Put in one of the high interest deposit a/c's (FA esavings and/or Halifax 5.15%)?
Appreciate any opinions. Thanks in advance, apple1
a) Reduce o/s mortgage balance (currrently paying 5.65%)
b) Put in one of the high interest deposit a/c's (FA esavings and/or Halifax 5.15%)?
Appreciate any opinions. Thanks in advance, apple1