Hi All,
I am managing (through a financial advisor) a ~€100K portfolio, with monies invested around January and October 2006 in several moderate risk equity-based and equity-property mixed funds (Evergreen, Eagle Star 5x5, Hibernian Guaranteed, etc).
My investment horizon was 5 to 7 years and expectations was to moderately beat deposit rates. My attitude to risk is moderate. As with many of us, the last months were not particularly brilliant. Yet, I am not cutting loses and I stick to my original plan waiting for a recovery.
Question: Some 20K of my the portfolio is in the Hibernian UK Property Fund (not geared), which dropped significantly following a revaluation of the fund. As of now, I lost 20% of the original investment. I don't see the UK market recovering any time soon (definitely not within my 5-7 year horizon) and I am considering moving this money to a different product within Hibernian, probably a high yield fund. I realise I am cutting my loses with this move, but I hope this move would help recover this (bad?) investment.
Any different opinion? Is there any point is leaving the money invested in this particular fund?
Thanks,
Butch