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Bernard Adey

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Review of the Moneyfarm, General Investment Account:

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Well not had much luck so carrying a small loss but only been investing 12 months

I have been storing surplus cash in premium bonds for some years now and decided on the past records of money farm to transfer some of it into stocks and shares Isa's. Well I have always believed the man who never made a mistake never made anything so I have just proven that wrong I made a mistake and made a small loss. I do not blame money farm as we have been through a period of extremely difficult times. The only thing I can say is that I have been putting 16K a month in this year as I thought it expedient to spread the change over a period to average out the movements in the market. However the movements have been pretty consistently down. while my premium bonds are still returning about 1.2% not too exciting but better than a loss. Now when this financial year ends I will leave my premium bonds where they are. And leave my money farm Isa's to see if they start showing some improvement but I will not throw good money after bad I will wait until I see some upward movement before I add any more Isa investment. Reviewed on: 16th January 2019

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