K
Kid A
Guest
Hi all
A year ago I put a lump sum €10k into a Hibernian Spectrum Saver and have contributed €250 a month since so €13000 total investment; Current Value €8400 as per end of year statement. I have decided to stop paying into the policy as while I don't need the money right now I feel I can't keep paying into something that has devlaued at such a rate.
By missing more than 3 monthly payments I will forefit a potential bonus of €750 payable at year 5 and I will continue to incur charges. Of course I know there are no crystal balls but I'd be interested to get opinions as to my situation. I'm pretty much resigned to sitting it out as I don't want to consider accepting a loss of €4600 but am I setting myself up for further losses.
Kid A
A year ago I put a lump sum €10k into a Hibernian Spectrum Saver and have contributed €250 a month since so €13000 total investment; Current Value €8400 as per end of year statement. I have decided to stop paying into the policy as while I don't need the money right now I feel I can't keep paying into something that has devlaued at such a rate.
By missing more than 3 monthly payments I will forefit a potential bonus of €750 payable at year 5 and I will continue to incur charges. Of course I know there are no crystal balls but I'd be interested to get opinions as to my situation. I'm pretty much resigned to sitting it out as I don't want to consider accepting a loss of €4600 but am I setting myself up for further losses.
Kid A