Hi Folks,
I'm just throwing the following question out there and see what you guys think.
I've currently got a fund with Quinn Life tracking Irish (20%) European (30%), Latin America (25%) and China (25%) markets.
As per nearly all similair funds it has been performing very badly for the past 4-6 mths.
I'm paying monthly into this fund and see it as an long term investment e.g. 5 - 10 yrs.
I'm paying X amount per month but I'm starting to get a bit conceren re this investment.
I'm worried that maybe I could be throwing good money after bad into this fund.
However the other way to look at it I suppose is that I'm currently buying the funds each month at cheaper and cheaper prices.
I'm new enough to this type of investment, so trying to understand the best way to proceed.
As I see it I've a number of options
1. Contiune paying my current monthly contribution and hopefully 'ride' this out.
2. Lower my monthly contribution and put extra money into high interest saving account, and once the markets pick up increase my monthly contribution.
3. Stop paying my monthly contribution but leave my money in the funds and hopefully they increase again.
4. Stop my monthly contributions and cut my loses by taking out my money out.
Is anybody else in the same situation?
I'm just throwing the following question out there and see what you guys think.
I've currently got a fund with Quinn Life tracking Irish (20%) European (30%), Latin America (25%) and China (25%) markets.
As per nearly all similair funds it has been performing very badly for the past 4-6 mths.
I'm paying monthly into this fund and see it as an long term investment e.g. 5 - 10 yrs.
I'm paying X amount per month but I'm starting to get a bit conceren re this investment.
I'm worried that maybe I could be throwing good money after bad into this fund.
However the other way to look at it I suppose is that I'm currently buying the funds each month at cheaper and cheaper prices.
I'm new enough to this type of investment, so trying to understand the best way to proceed.
As I see it I've a number of options
1. Contiune paying my current monthly contribution and hopefully 'ride' this out.
2. Lower my monthly contribution and put extra money into high interest saving account, and once the markets pick up increase my monthly contribution.
3. Stop paying my monthly contribution but leave my money in the funds and hopefully they increase again.
4. Stop my monthly contributions and cut my loses by taking out my money out.
Is anybody else in the same situation?