I am in the same place but instead of investing further in a loss-making fund, I am cashing it and investing in a savings account which will guarantee about 4-5% growth a year... when the markets are bullish again I will switch back.
I am in the same place but instead of investing further in a loss-making fund, I am cashing it and investing in a savings account which will guarantee about 4-5% growth a year... when the markets are bullish again I will switch back.
I am in the same place but instead of investing further in a loss-making fund, I am cashing it and investing in a savings account which will guarantee about 4-5% growth a year... when the markets are bullish again I will switch back.
On maturity of my SSIA i invested it in a PIP (balanced fund)with Irish Life. It was performing ok. At the moment it is worth approx 17500 this time last year it was worth 900 more. I currently put 125 per month into it. If i cease payments i must cash it in. I do not need the money at the moment but may in the next two years. should i cash it in as i fear it may decrease even more in value
On maturity of my SSIA i invested it in a PIP (balanced fund)with Irish Life. It was performing ok. At the moment it is worth approx 17500 this time last year it was worth 900 more. I currently put 125 per month into it. If i cease payments i must cash it in. I do not need the money at the moment but may in the next two years. should i cash it in as i fear it may decrease even more in value
If you need this money in 2 years you should switch to cash to reduce the risk of ending up short
If this were for longer term savings I'd advise you to do nothing. The biggest danger in long term equity investment is people losing the stomach for it once they have sustained heavy losses
i hear major conflicting view points, if you are willing to leave the fund with no view to cashing it in is it advisable to continue paying into the fund now or is it just throwing cash away?
Are you certain about this? I've never seen an investment product that had this kind of condition, tying continued investment to cashing in.If i cease payments i must cash it in.
I pay 50% into on both of these funds, what do you think with regards to the recent financial climate? could someone explain to me how these funds work
AIB Multi Track Fund
Invests in widely diversified portfolio, which spans all major world stockmarkets and also provides exposure to Eurozone bonds.
The fund holds a portfolio of securities that provides exposure to more than 1700 companies.
Open-ended fund - however, we strongly recommend that you view this as an investment for a minimum period of 5 to 7 years.
Managed by Hibernian Investment Managers.
AIB Managed Fund Series 2
Designed to invest in a carefully monitored portfolio of international shares, fixed interest securities, properties and cash deposits.
Profit through capital growth potential and reinvested income
Open-ended fund - however, we strongly recommend that you view this as an investment for a minimum period of 5 to 7 years.
Managed by Hibernian Investment Managers.
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