Hmmmm ... not the best way to get advice...sorry clubman Im not a financial person so I chose them because the financial advisor in AIB told me it could be a good investment.
The money must be invested in some specific unit linked funds offered by Ark. Which ones?I don't understand what you mean by what funds, they are 50% lo risk and 50% high risk equity based shares in Irish companies, is that what you mean?
So you need to evaluate whether or not equity based investments for some or all of this money is the most appropriate option for you right now and for a specific investment timframe. If it is and this product offers the best (lowest) charges and most appropriate funds then stick with it. If not then you should consider moving the money elsewhere to other investments.I didn't have any other reason to choose them other than when I was taking out my SSIA the choice was to be safe or take a risk for a possible better return. I took the risk and it paid off coz I got an extra 2000 on the 7500 I would have recieved had I just gone for a regular SSIA. Im a lay person so I don't have all the knowledge you have on financial matters, sorry
Yes - but what funds and why did you choose them?
Well - there's a simple way to judge - get the current value of your investment and compare it to what you paid in! Such market fluctuations/volatility along the way are to be expected and are part and parcel of (ideally medium to long term) investing. If you panic every time this happens then you may not be matching your investments to your needs/preferences accurately enough."I wondered whether the recent market uncertainty would have a big effect on my investement"
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?