I’m tempted to take my investments out and put them into a savings account as my experience has not been a good one. Any advice?

I’m in my 50s and have approx 50k in a Vanguard Stocks and Shares ISA, invested in several funds. After 3 years it’s basically broken even. Fully aware there’s a risk element but am I better transferring to another provider and putting it in just one fund? I can make a monthly payment of £250 going forward with a timeframe of 5 years. I’m tempted to take the lot out and put it into a savings account as my experience has not been a good one. Any advice? Thanks

Hi Tracy,

3 years is a short time in investment markets, and the last 3 have been particularly bumpy to say the least.

It may be the fund(s) you are in are not particularly suited to how much risk you want to take, there is a lot of choice before you get to cash. Remember if your funds have lost money and you move out of the market, you are unlikely to see the reward of remaining invested when markets do perform well.

You should also see if your current ISA has higher charges than necessary as there are better value investment platforms than Vanguard.

Hope this helps.