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What's the best thing to do if your low risk investments are falling..?
a family member put £53,000 in a low risk investment with AXA after talking with the bank adviser as he'd told her that in 5 years it would more that likely grow to 92,000 and it would be the best place for it,but it has gone down to £36,000 and she is affraid it will all go,im not sure if she can take it out early but it would prob cost a stupid amount of money to release it, i feel for her as she's not the experienced in these sort of things as she had money after the death of her father and did not want to leave it somewhere where she would prob pick into it she wanted to keep it until she was 60 (57 now) and has never had this amount of money before and now is risking losing it all.
the adviser said 4 options...no risk where it would just be sitting there not doing much...low risk-as he advised, causious risk and high risk...its been in for a year and half..she has a paper which he jotted down what she'd get back after the 5 years and he circled the low risk on the leaflet when she went back to see the manager in barclays bank he said the adviser that she saw had moved to a different branch and he was quite shocked when she told him the story and gave her an address to complain about the loss of her money but they replied saying that she was aware of the low risk investments can fall but if he'd have said this at the time she would not have invested in this, i am sure there will be something in the small print but she just went along with the advisor, i dont think its very fair its not millions but she will prob never have this kind of money again and they should make an exeption given the evidence of what the advisor has written down.
3 Answers
- BIll QLv 61 decade agoFavorite Answer
You need to explain what this "low risk" investment is. Is it in a mutual fund? What is the name of mutual fund or other investment vehicle? If it is "low risk" it should not have fallen this much.
We can't give good advice without more information.
- trudellLv 45 years ago
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- OGRE!!!Lv 51 decade ago
that doesn't sound like low risk at all. figure out what the fines will be for withdrawing your cash early and decide if its the best thing to do or not. go to a financial planner and try to invest in bonds, money market accounts, CD's, or other low risk investments.
