Loss in investment - stay or go

B

bilbao

Guest
Hi there
I invested a lump-sum $20k in Irish Life's Consensus Life Series 1 fund in July 2007 for a 5 year term. My investment has dropped by 25% to date.

My question is ; in today's financial climate should I switch my fund into a better performing plan within Irish Life ?, (which one ?), leave as is in the hope of a share turnaround in the next couple of years ? , or suffer the 25% loss + the cash in charge and invest the funds elsewhere ie long term deposit account etc ?

What would be your recommendations ?
tHANKS
 
Price of gold is rising dramatically I thought from what I've heard. Maybe not a bad idea?
 
PaddyW said:
Price of gold is rising dramatically I thought from what I've heard. Maybe not a bad idea?
Click to expand...

Paddy,

check your data - gold is down 6% ytd, silver was down almost 10% yesterday alone. US precious metal mining stocks index is down 24% ytd.

Don't just read the headlines......

Mark
 
Markjbloggs said:
Paddy,

check your data - gold is down 6% ytd, silver was down almost 10% yesterday alone. US precious metal mining stocks index is down 24% ytd.

Don't just read the headlines......

Mark
Click to expand...

If you look at the longer trend, gold has risen significantly over the last few years though.
It's definitely on a bull run at the moment.

This has been very volatile though.
WHo knows where it will be at year end.
 
OK, look at long-term then (1975-2008)

select Multi-Year Gold, 1975-2008.

Don't know what you see in terms of a trend but what i see is two spikes (now and the late-70's recession) and the rest of the time it is trendless. Not the basis for a good investment, in my opinion.
 
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