Stocks and Shares
Clearly I’m no large scale investor… I simply don’t have the money to do so, but I do have a cash ISA for my pension and several years ago I set up a Stocks & Shares ISA as that always seemed to be the best way to invest money. Obviously there is always a risk with such investments, but over long periods (5 years or more) index tracking funds are supposed to provide the best returns.
Now, although people call me ‘lucky Al’ it doesn’t always ring true. I started investing in Stocks and Shares in Feb 2001, I didn’t know it was going to happen at the time, but Share prices then generally fell for the next year or two, so by March 2003 I had made a loss of about 20%… Not a great start.
I held my ground though and things did gradually pick and at the moment they are performing OK. Of course I don’t check them that often, afterall they are meant to be long term savings so knowing what they are doing on a day to day basis isn’t important. Typically though I did check them today and also checked to see what the index was up to… What a day to check them, apparently the FTSE100 index has dropped today by the largest amount in 6 months. Never mind, hopefully hey will recover just as quickly tomorrow!
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Still not looking good… The FTSE 100 index is almost down to 6000 now 🙁