When I started investing I could afford it and afford to lose it, but since then there’s been some unexpected events where I’ve had to take out a couple of loans. The cost of everything has gone up and I’m struggling to keep up with my loan repayments on top of everything else. So I’ve just cashed out and paid off a £12k loan. I know if I’d kept it in it would be worth more, the bull hasn’t properly started, but I couldn’t justify it with each month being a struggle, plus I have two kids to provide for.
Once my finances are settled properly then I’ll reinvest.
Remember to only invest what you can afford to lose and if your finances change be brave enough to withdraw. There’s no point potentially having a great return in 4 years if you’re living hand to mouth now.
submitted by /u/Thing_001
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