equity based SSIA - cash in?

jobless

Hi,

Looking for some advice as to what to do with my equity SSIA. It was up last Dec and i continued to pay the monthly amount into it. Its invested in Saverscope and Globalscope.
The worry i have is that i keep hearing about the stock market faltering and checking the history values for the funds they seem to have fallen a little. am i just better off cashing it in and putting it in Rabo direct or leave it as is?

Cheers

Bluetonic

Thats a question only you can answer.

Who is to say what is better off for you as an individual.

If your thinking of take a loss on the current minor move in the market then you should have done more research before you invested in that product.

Sony

Can you afford to leave it invested? If you can wait for the markets to recover

Kazbah

I am in the same boat. Mine has dropped about €4k since it's peak. Would anyone hazard a guess on when you think the stock prices will increase again? I can afford to leave it invested but not beyond 3 more years hopefully. I would like to leave it recoup the recent losses but it is still devaluing.

jobless

Sony wrote:

Can you afford to leave it invested? If you can wait for the markets to recover

yeah i can afford to leave it invested alright......but who knows when the markets will recover?....i think it may get worse before it gets better

Time Magazine

jobless wrote:

yeah i can afford to leave it invested alright......but who knows when the markets will recover?....i think it may get worse before it gets better

Almost certainly. And there's always the risk of something awful happening in the run-up to US Presidential elections to try to shape the election. The current fall, it seems to me, isn't just a temporary set-back but a structural re-adjustment encompassing some stupid deals - so it could be 12-24 months until the markets return.

But they will almost certainly get better. It's a pretty bad time to sell imho.

Sony

Its a TERRIBLE time to sell

Your SSIA has almost certainly taken a huge blow over the past few months in terms of its value going down so if you were to take it out now you would be crystalising a loss.

The past couple of weeks have been showing some very positive signs, now Im not saying that the recovery is about to happen the truth is this is something that nobody can predict but what I CAN tell you is that the markets WILL recover. Historically they always have done regardless of what kind of disasters have happened.

The fundamentals in the markets are good and theres not reason as to why they wont recover-you said you can afford to leave it invested then my advice is to do exactly that, over the long term you will most certainly recoup what has come off your investnment lately and still make a decent return.

People must also realise that going forward we may not see the kind of growth the markets have seen over the past 10 years or so--looks as though things are starting to level off now and to be fair the phenomenal rate which we have witnessed in the past decade had to come to an end at some point.:)

Kazbah

Thanks that's sound advice