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SSIA

  • 13-10-2008 9:22pm
    #1
    Kazbah
    Registered Users, Registered Users 2 Posts: 764 ✭✭✭


    I had an SSIA equity plan for the full whack. Just before it matured it was worth about €24k. Today I check it and it is worth €14k :(

    It is with BoI. It is roughly 50/50 in the following funds Lifetime Equity Fund & Investment For Growth (S2). I'm slow to take the hit and go into negative equity. The contributions were over €19k. In anyone's educated opinion would it be worth moving what funds it's in? I don't need the money in the foreseeable future but I had hoped to use it as/towards the deposit for a house in the next couple of years.

    Any advice?


Comments

  • #2
    Baird
    Closed Accounts Posts: 260 ✭✭Baird


    There is probably no fund in Ireland or the UK which is outperforming cash at the moment.
    The easy money that everyone made in pension and investment funds during the last bull
    market is well and truely gone now im afraid.
    There are few if any safehavens in shares at the moment.
    If you dont want to invest in shares yourself then maybe a healty deposit APR should
    be something you should be looking at.


  • #3
    Kazbah
    Registered Users, Registered Users 2 Posts: 764 ✭✭✭Kazbah


    Mmm I'm not ready to withdraw for 14k I will keep in in equity in the hope that it will return to at least 19k in the next 3 or so years. Was just wondering if there were funds which were better than what I have even if not as good as cash at the moment.


  • #4
    Saabdub
    Closed Accounts Posts: 228 ✭✭Saabdub


    I have a NASDAQ tracker SSIA which is technology heavy, (few banking stocks) which I'm still buying units in. The NASDAQ had its crash back in 2000/2001 and has been trading between about 1800-2500 since then. It's come down below 1600 recently, but as I've bought most of the units when it was under 2000 my capital is still intact, for the moment.

    Saabdub


  • #5
    Bluetonic
    Registered Users, Registered Users 2 Posts: 7,588 ✭✭✭Bluetonic


    Baird wrote: »
    There is probably no fund in Ireland or the UK which is outperforming cash at the moment.
    Don't be so silly of course there are funds out there which are making money.

    For instance in tomorrows Irish Times take a look at the fund prices, you'll see funds which are performing better, significantly better, than cash.


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