Endowment maturing in 1 month. Global events have ruined it.

[Salty seadog]

As above I have an endowment that was on track to pay out around £25k. After checking it for the last 2 days it has gone down in value by £750 a day. £1500 in two days. I cannot tell you how badly timed my maturity date is. Even if I cash it in it takes a few days and who knows what it will be worth then.

Fuming.

If my maturity date was just a couple of months ago I'd be in gravy with it.

 

[deptfordmarmoset]

My brother in Canada has just swallowed a loss of CAD50k (circa £27.5k) in the market turbulence.

 

[raleighnut]

As above I have an endowment that was on track to pay out around £25k. After checking it for the last 2 days it has gone down in value by £750 a day. £1500 in two days. I cannot tell you how badly timed my maturity date is. Even if I cash it in it takes a few days and who knows what it will be worth then.

Fuming.

If my maturity date was just a couple of months ago I'd be in gravy with it.

That's nothing, Elon Musk has lost $130bn so far this year.................wonder why ?

 

[SpokeyDokey]

And that's the thing with market based investments - they are slaves to global and localised policy changes, for better or worse.

But without them, the underlying investments would not have grown in the first place.

Frustrating at times , though.

 

[T4tomo]

As above I have an endowment that was on track to pay out around £25k. After checking it for the last 2 days it has gone down in value by £750 a day. £1500 in two days. I cannot tell you how badly timed my maturity date is. Even if I cash it in it takes a few days and who knows what it will be worth then.

Fuming.

If my maturity date was just a couple of months ago I'd be in gravy with it.

leave it in the market. If they insist on paying it out as a cash value, stick (£20k of) it back in a stocks and shares isa and then it will go back up when the markets recover from the madness of current global events, as they surely will, you just need to be a bit patient...

 

[wafter]

Man, that sounds really frustrating. Sort of thing that reinforces my utter distaste for any investments involving "the market" as the whole thing seems like a gamble at best, total racket at worst

 

[Pblakeney]

Man, that sounds really frustrating. Sort of thing that reinforces my utter distaste for any investments involving "the market" as the whole thing seems like a gamble at best, total racket at worst

Not planning on retiring?
All pensions will be in the market either directly or indirectly.

 

[roubaixtuesday]

There's just no point in worrying about it.

"Investments can go down as well as up" is true, and if that's too high a risk, stick it in a building society.

 

[wafter]

Not planning on retiring?
All pensions will be in the market either directly or indirectly.

Indeed; like many things in life just because it's the norm doesn't make it any less unpalatable..

 

[Drago]

A good time to buy certain stocks right now.

 

[T4tomo]

A good time to buy certain stocks right now.

@wafter could dig his money out from under the mattress and make a killing

 

[Salty seadog]

leave it in the market. If they insist on paying it out as a cash value, stick (£20k of) it back in a stocks and shares isa and then it will go back up when the markets recover from the madness of current global events, as they surely will, you just need to be a bit patient...

I can't leave it in where it is, once matured it's paid out. I probably will be looking at a S&S ISA.i can fill one of them now.

 

[roubaixtuesday]

A good time to buy certain stocks right now.

Nobody can know this.

Anyone who thinks they know better than the market is kidding only themselves IMO.

 

[wafter]

@wafter could dig his money out from under the mattress and make a killing

After yesterday's delivery seems most of my money is now "in" the mattress..

 

[Salty seadog]

Man, that sounds really frustrating. Sort of thing that reinforces my utter distaste for any investments involving "the market" as the whole thing seems like a gamble at best, total racket at worst

Will yes, investments are always a gamble.