I currently have Quinn Life Investment policy, with a premium value of €3600, into which I make regular monthly payments.
In recent months the value has dropped to €3000, with my China, US and Celtic Freeway investments all taking hits of 20-25 percent. (I had been up 10-15%)
Now I am not too worried over this as the investment is a long term plan, which I figure if I keep paying money into it, over a few years, it will eventually turn around and I will have built up a sizeable investment policy.
However, I need a €1500 asap and am thinking of
a) Selling €1500 of my policy and take the hit
or
b) Opting for a Tesco fixed loan over 24 months at 6.9% APR, and holding on for the ride with the policy
Any advice?
(Please move this mods if it belongs in another forum)
In recent months the value has dropped to €3000, with my China, US and Celtic Freeway investments all taking hits of 20-25 percent. (I had been up 10-15%)
Now I am not too worried over this as the investment is a long term plan, which I figure if I keep paying money into it, over a few years, it will eventually turn around and I will have built up a sizeable investment policy.
However, I need a €1500 asap and am thinking of
a) Selling €1500 of my policy and take the hit
or
b) Opting for a Tesco fixed loan over 24 months at 6.9% APR, and holding on for the ride with the policy
Any advice?
(Please move this mods if it belongs in another forum)