Spaceship - Should I Leave or Withdraw My Funds?

m-chan on 25/03/2020 - 08:36

Hi everyone,
I don’t know much about investing but decided to sign up to Spaceship Voyager in Dec 2018 and deposit $100 per month. It’s been 15 months so I’ve invested $1500 so far. On 21 Feb, my balance was approximately $1850 so I guess I made about $350 (including the $20 sign up promo) but since then it’s dropped down to $1500 because of the COVID-19 situation. I’m not sure if I should leave it alone or withdraw the balance. I know the market will recover over time but what happens if my balance goes down to $0? Is it highly possible I’ll lose $1500 given I don’t have thousands in my account to keep it going? Should I withdraw everything now and reinvest it later? Not sure what to do!

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Comments

  • RM on 25/03/2020 - 08:56
    -6

    I would withdraw and invest later…

  • GangGang on 25/03/2020 - 08:56
    +2

    If you're invested in etf's, just leave it alone. As you said it will recover over the long term.

    Im about to start investing. Do some research. It sounds like you have no idea what your doing. Plenty of info on the commsec website to get you started and give you basic info.

  • theHMASfriendship on 25/03/2020 - 09:04
    +6

    Voyager won't be launching until 2371 so plenty of time to decide what to do.

    • Yummy on 25/03/2020 - 12:45

      Scotty here will beam you up by then.

  • [Deactivated] on 25/03/2020 - 09:05
    +3

    If your fund goes down to zero the world is over.
    Sit back and learn an important life lesson.
    Keep up your $100 month transfers

    • outlander on 25/03/2020 - 10:49

      And so is money, whether in paper or digital form.
      The only thing left that matters is pants..

    • Baysew on 25/03/2020 - 11:05

      If your fund goes down to zero the world is over.

      If I invested in something called Spaceship Voyager I would expect Captain Janeway would have a solution.

  • toniyellow on 25/03/2020 - 10:09
    +3

    https://www.smh.com.au/business/banking-and-finance/funds-ad…

    Voyager is not super, but the same premise, it is a collection of shares you are considering changing
    Slightly better in one way as Voyager has no fees for balances under $5000k so you are not paying fees right now

    If you need the money urgently now to pay rent or bills, get it out
    If you don't hold until it recovers.

  • [Deactivated] on 25/03/2020 - 11:09

    what happens if my balance goes down to $0

    (profanity) me, all you have to do is look at the average level of financial literacy to know why this country has so many people living paycheck to paycheck.

    • [Deactivated] on 25/03/2020 - 11:48
      +1

      Maybe they thought it was an AMP account.

  • [Deactivated] on 25/03/2020 - 11:37

    Your amount is too small to worry about. If your fees are low, don't sweat things over a few hundred bucks.

  • Ghost47 on 25/03/2020 - 11:50
    +1

    The market will recover eventually, maybe some companies will go under but larger companies with a strong balance sheet should survive.

    You have a specific set of units of your portfolio which are lower value now than they used to be, but once this all blows over the price of the units should increase again. If you don't need the funds I would just leave it, you could also stop investing money if you want.

    I'm personally doing the same thing I used to do and also investing more because as I see it some stocks are on sale, then again I have a healthy emergency fund also so the money I'm investing is just money that I don't quite need at the moment.

  • NotaSpender on 25/03/2020 - 16:22

    this is the time to buy more, you are locking in the losses if you sell now

  • capslock janitor on 25/05/2020 - 14:09
    -1

    very unlikely to 0 as it's buying shares

  • m-chan on 26/05/2020 - 21:09

    Hi everyone
    Thanks for your comments. I decided to leave my account alone and keep investing $100 per month. The biggest lesson I learnt is if my funds go down to zero, the world is over (Thanks @Timblakely, that makes sense!), and most people lose when selling out of fear. Anyway, 2 months down the track, with my total investment at $1700 (over 17 months), my returns have recovered and is currently sitting at $500. Not too bad eh? :)

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