It would help if you told us the specific unit trust for more pointed advice.
Either way, look at the fees/commissions that you have to pay, then go from there. Many will charge 1) a setup fee, which you already paid if there was one, 2) all have a commission (usually 2-5%) that they charge to manage your money and 3) some charge a penalty for leaving.
Even if they do not have a penalty for early withdrawal, they most definitely will charge you the commission no matter what the market does. So your 160K balance will go down if the market does not improve, remain unchanged or go up modestly if the market improves.
So run some numbers and decide.
chairmanjm wrote:Hi Wazuans,
I need you advise.
I invested about 200k in unit trusts-balanced fund around May this year hoping to get higher returns with time.Unfortunately the value has continued to decrease now standing at 160k obviously based on general mkt performance at the NSE.
I am currently considering withdrawing and investing the money in a fixed deposit a/c to at least raise my 160k upwards.I do not see any other viable investment currently based mkt performance,economic status unless am advised otherwise by my my fellow wise investors.I will appreciate if advised on this. Thanks.