Not sure if thats the right title. I currently have a SIPP with about 20K in it. I have chosen a fund Im happy with but Im unsure how I make money from my investment. I understand that share prices rise and this increases my fund value. However today my fund is up by £400.00 am I supposed to sell at this point and keep this money in cash or reinvest. My worry is tomorrow it could be down by £300 so I effectively lost the opportunity to cash out that money? Or do I just have a hands off approach and wait?
This is an additional pension to my workplace pension and my NHS final salary, so Im quite keen to dabble in dealing.