wanagetahome
Registered User
- Messages
- 54
So why did you choose this investment option in the first place and to what end?I need to ensure my money is safe.
You should not depend on the banks' tied agents for independent, professional advice in your best interests.The banks have the gift of the gab...
Are there not suggestions in response to similar queries on the other related threads?any suggestions.?
i joined up bank of irelands ever green fund last year in feb. . .low risk low return, however, with the unsteady market at the moment im getting a little nervous. i only pay in 200 euro per month, and i dont know where i can find out how it is doing? and if its still worth anything? has anyone else heard of it before?
I came home and began a good job, but then had to leave due to family circumstances, I had signed up for this along with a loan i have and had hoped that by saving and paying a loan, in a few years I could get a mortgage. however, as was only in that job for a very very short time, and now am working in a shop I'm not earning enough to feel safe enough to be able to afford to take the risk. I'm currently job hunting for another job with higher wages. and want to clear my loan early, i owe 18K and earn 22k.
i pay 415 per month in loan, 200 evergreen, insurance, vhi, and other ususal outgoings, I'm just wondering would i be now as well off to stop the evergreen and put the small amount off the loan. and just clear that off as quickly as possible. oh i dont know, im so depressed about money at the moment dont knw what to do
You appear to suffer from myopic loss aversion – a point you should consider before you make further investment decisions.its somthing thats making me depressed every day, but I'll just have to snap out of it now and get on with getting everything back on track and sort it out.
You appear to suffer from myopic loss aversion – a point you should consider before you make further investment decisions.
You appear to suffer from myopic loss aversion.
" I think any first time investor reading this might now also be suffering from a severe case of discombobulated mis-comprehension.
I wasn’t being insulting. ‘Myopic loss aversion’ is a technical term from behavioural finance. Briefly, it refers to evaluating portfolio results over a short investment horizon where you have a strong aversion to loss (i.e. the disutility of a loss weighs higher than the utility of an equivalent gain). Regarding his short term losses, the OP said:”its something that making me depressed every day”. This would indicate that he is highly sensitive to loss. Therefore, it would be prudent for him to take this into account when making future investment decisions; it would also be of benefit to the OP to know that his aversion to short term loss is not personal to him but is a recognized phenomenon. [Neither has he necessarily made a poor investment decision, just that the time frame he used to evaluate it may be too short.]
10 months is way too short a time period to evaluate this type of investment product. Typically 5 years is suggested. Also, you are looking at your absolute loss of 1,600 (i.e. 16%) without looking at how other investment alternatives have performed. If you had invested all your money in the Iseq 10 months ago, when it was at about 9855 you would have suffered a loss of 33% to date; if you had invested in the FTSE 100 or the Eurostoxx50 you would have suffered a loss of about 8% in that time period. So, if this product invests in a bunch of IE, UK and EU shares (and possibly a lot of bank shares), a loss of 16% is relatively speaking about what you would expect.i've put 10k into an evergreen fund 10 months ago and with monthly deposits, we currently stand with a loss of 1600 euro. Should we continue paying into the fund with the hope that it will revert soon, or should we cut our losses.
To the op. Surely you are qualified for a good job if you've spent so long in Uni & also your experience of doing volunteer work will look good on your CV. Get out there & look for a decent job & that will cure your financial woes...
My prediction is that these funds will rise again.........will it be 1yr or 5yrs or ? that's what nobody can answer
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