Good Evening.
Started SSIA April 2002
Irish life Saverscope split between Globalscope 3 and Saverscope 3
Payed max amount for duration of scheme ie Euro 254 per month.
Fund matured April 07 and after tax was worth Euro 23290
At that time I decided to leave fund in place and continue to pay into it at the same rate as a long term investment .
I recieved my statement recently and the fund is now worth E 22715.
I realise that this is a long term investment ( i was planning for up to ten years ) and funds such as this have taken a hammering over the past few months but do you think i could be investing this money more wisely.
I would prefer to keep the money in a fund such as this as the idea of opening various accounts and drip feeding money into them does not appeal to me .
My pension ,mortgage etc are taken care of so this is just a "nest egg"
Should I sit tight and wait for the recovery ?.
Thanks for any advice you can offer.
Started SSIA April 2002
Irish life Saverscope split between Globalscope 3 and Saverscope 3
Payed max amount for duration of scheme ie Euro 254 per month.
Fund matured April 07 and after tax was worth Euro 23290
At that time I decided to leave fund in place and continue to pay into it at the same rate as a long term investment .
I recieved my statement recently and the fund is now worth E 22715.
I realise that this is a long term investment ( i was planning for up to ten years ) and funds such as this have taken a hammering over the past few months but do you think i could be investing this money more wisely.
I would prefer to keep the money in a fund such as this as the idea of opening various accounts and drip feeding money into them does not appeal to me .
My pension ,mortgage etc are taken care of so this is just a "nest egg"
Should I sit tight and wait for the recovery ?.
Thanks for any advice you can offer.