Help please! Should I pull my money?

[AppleBang]

We have 375k invested with a wealth management company. A good one I hasten to add! Due to what's been happening, in the 6 weeks we've had the moment invested, we've seen it dip by 10k. I expect that to be more tomorrow.

I'm personally not in the slightest bit bothered about corona virus but it appears the rest of the financial world is so... what would you do? Cut losses now and pull out the money? Or ride it out , potentially losing a lot more

It is not money I can afford to lose

Please tell me what you'd do. Thank you

Well if you can’t afford to lose it I would take it out!!

What kind of advice are you getting from financial experts?

This sort of investment is long term. Unless you need to withdraw soon just sit tight. You could also check which markets ur invested in. Lower risk will yield smaller returns but less likely to see large dips.

It is a long game. I’m sure your financial advisor checked your attitude to risk and advised accordingly.
I’d hold tight personally.

Yes we had our attitude to risk checked and we scored low. Ish.

Not heard from the financial man but wouldn't really expect to to be honest. I doubt he'd call in a fluster all panicking that's for sure!

I don't want to lose it. Of course. But it's so hard to ride it out right now, maybe I should give them a bell and ask what they think. But they'll just want me to sit tight I'm sure

And no, we don't need to withdraw the money. It's a long term investment for us . Until I see what's happened recently.. worst crashes in the history of it for one of them.

If you don't need the money then fund managers will be making decisions for you and looking for buying opportunities. If you try and time the markets you will definitely end up losing. Your adviser will tell you stay put as in 2007/08 markets went down 42% and up in the same year by 57%

Absolutely don’t take the money out now, unless you have to. Markets always rise over the long term. As long as you are invested in a balanced portfolio you’ll be fine (in fact it’s a great time to buy!) Just sit tight and don’t think about your investment.

Leave it.

This will either be the plague which kills off humans in which case you won't need the money or the virus will eventually die out and the markets will recover. I predict the latter.

If it’s a long term investment (5+ years) then I would leave it where it is. This is going to get much worse before it gets better though. My tactic is to stop checking. I actually want to use it as an opportunity to invest more while prices are low but that would mean getting my hands on some cash which could be tricky at the moment.

Thanks for all your advice

I know you're all correct. I'm so new to all this though that I can't help but panic. Because will it REALLY recover by - what is now - a 12k loss? And then make money? And if my fund managers are so good, why has it lost this in the first place?

Bit deep down I know you're right. Hard to stop checking when they provide you with a bloody app. Whose idea was that?!!

if it's a good wealth management company, there is already a highly admired investment manager on the case looking to dump the poorly performing holdings and replace them with something more robust. if everything performs badly in a worldwide recession, then they will find ways to exploit and profit from the recovery after that to bring the fund back to what it was.

it would only be sensible to withdraw the money if your plan was then to spend it on your living costs over the next few years (bad idea) or if you actually know of another investment opportunity which you know will perform better than your wealth management company's specialist professionals can find.

withdrawing the money with the intention of reinvesting it will only lose you even more in service fees.

admired was an autocorrect fail for skilled.

I’ve had 700k invested for 2 years now and many times I have had this same wobble and emailed my financial planner telling him I wanted to withdraw the money but I haven’t and it’s working well. The best thing is not to look at what it’s doing on a day to day basis and just look at the long picture.

I invest in a stocks and shares isa which Las week had gone up 9% in 3 months. All of that been wiped out in the last week. But that was not real money unless I had sold at that high point. I am expecting it to drop even further put it will bounce back at some point. In fact this is an excellent buying opportunity. Unless you need the money right now, leave there and stop looking.

When the rates are improving like this in China it’s positive news. All it needs is for the same to happen with the newest cases in Europe and the markets will have their confidence back

Sit tight.

How much did you originally put in and when? If your investment has made more than £10K since you started it, you haven't 'lost' anything!

More food for thought thank you

We originally put in 375 spread over a few things. It's at 363 as of today. It had been down 6k on the 375 and then bounced up a bit and now we are at 363 overall. Although it was only down 1k ish yesterday

Please get proper advice from a regulated professional and make sure you understand what you're doing. You shouldn't be checking the value of a long term investment daily, you'll drive yourself mad

If you don't want the stress of changes in value maybe savings products would be better for you to look into.

Yes I am driving myself mad that's for sure! The logical side of me knows exactly how the stock market works and that, overall and long term, it's the best place to be. But then my non logical side just had a panic and I had visions of losing the lot due to bloody corona virus fears

To pull out now would cost us in fees and what it's down right now so that's not good to do that I know. Felt like it last night though!

Because we have only lost about 1k yesterday after the market took a real beating, I believe that they've sold off the stocks that were exposed and put them somewhere safer for now so you're all correct / they're doing their job

If you were to withdraw the money where eould you put it. To get the financial benefit you are looking for, you would need to invest in a product with a similar level of risk. If you are looking at no risk, you are effectively losing money long term given interest rates so low.

If it’s a long term investment the best thing you can do is to delete the app!

Our investments made 12% in the last year, won't look again for another 12 months.