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?

24 July 2023

Question by Tracy

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

Answered by Lee Wells

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.

Answered by

Lee Wells

Managing Partner - Financial Planner

When Lee got his first job in the 90’s his father said ‘you should go to see my financial adviser’ (he didn’t’ know he had one). Lee dutifully went to see him and was converted by the common sense advice he was given on saving and investing for his future. He liked it so much he joined the company so he could help other people learn how to invest. Lee now runs a company passionate about providing value for money advice on a whole range of areas.