Newbie got into SIPP's at the wrong time

[DimPrawn]

Not all insurances will pay out on civil unrest

Businesses and homes who are victims of the UK riots will be covered by insurance | The Sun |News|Sun City

HTH

[NorthWestPerm2Contr]

OP:

You ever heard of a stop loss? I bought some Shell/BP shares just before the crash and they got sold automatically when they got to the point I specified.

[kermitt]

No as I have invested in a spread of managed funds and a copper mine which has good potential but I am now down nearly 20% and falling. All I can do is sell up and switch to something less volatile but doubt such at thing exists at present.

[fullyautomatix]

No as I have invested in a spread of managed funds and a copper mine which has good potential but I am now down nearly 20% and falling. All I can do is sell up and switch to something less volatile but doubt such at thing exists at present.

If its a SIPP you are only going to dip into it when you are in your sixties. What are you worrying about ?

If you invested in the market to make a short term gain you have made your move at the wrong time. If you had a short term vision then sell up and cut your losses, put your money in a high interest account.

[russell]

Why I but all my money in rentable property, generates income and rises, and is as safe as ... houses.

[eek]

Why I but all my money in rentable property, generates income and rises, and is as safe as ... houses.

I know someone who did that buying between 2006 and 2008 in Northern Ireland (its where they live so not totally, utterly stupid).

The losses if realised are truly, scarily eye watering.