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Help please! Should I pull my money?

159 replies

AppleBang · 27/02/2020 23:10

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

OP posts:
tallrachel · 11/04/2020 08:52

Looks like all the QE is making its way into the markets.

Taciturn · 11/04/2020 09:10

Op didn't buy shares in m&s, they bought cfds which are a lot more risky.

LatteLarrys · 12/04/2020 23:16

@Taciturn OP here under another change of name ... don't have a CFD account, I bought shares exactly as I said. I have an invest account. Hope that clarifies

redbull66 · 13/04/2020 14:45

Very odd post and bizarre behaviour. Panic non stop about investments and then bet it all on a hunch at figures which were never achieved.

Regardless, worth noting for the OP that you owe 40% of the M&S trade to the taxman (CGT).

Dddddddeborahh · 13/04/2020 15:23

I see @Iamamoleinthegarden is getting out.
After a chat with someone I hadn't spoken to in years, people keep popping up to ask how we are doing, we both sounded so negative about the future that I said afterwards to DH, maybe we should take our money out of the Cautious Bond it is in and stick it in the bank.
And he agreed with me.
So I think we are out. But haven' spoken to financial advisor but if he says leave it there I will at least take out half and stick it in the bank (s) at the gov guaranteed level. Hopefully banks won't crash!!

Dddddddeborahh · 13/04/2020 15:25

Sorry, correction - it was a Cautious Bond, but after 5 years that changed to some sort of investment.

LatteLarrys · 13/04/2020 15:43

@redbull66 I appreciate it sounds bizarre. Didn't feel bizarre though! Not particularly. We've done pretty well doing in the last few weeks, using less money this time though. I'm also well aware of the tax position. Oh and as I've said before - it's not something I'm recommending to others to do.

fromdownwest · 14/04/2020 10:19

It is actually 10 or 20% CGT

lonelyfemale · 22/04/2020 10:30

I thought barclays shares were half price and wouldn't get amy lower but I'm too scared to look now. The market might recover in a few months/by January but if I had bought shares back on 23rd March when everything dipped I would have made 30% gain now. So praying the money I've lost comes back soon.

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