Dear Mr Tan,
One of my relative bought about $70,000 worth of NTUC technology fund. It is now worth about $40,000. Will this fund grow back to at least $70,000?
When they bought this fund, no one advice them that this is a risky fund. As you mentioned, there are ups and downs.
When will my relative recover at least back to their breakeven point ? How long will it grow back from 20cents to a dollar
Your relative will have to wait for the tech fund to reach 35 cents (not $1), before they can recover their investment.
I hope that this can happen within the next few years (but I do not know for sure). Many people expect technology to recover by now, but it seems to be taking longer.
They must have invested at a bad time. Many other investors made the investment at a lower price (or have averaged out on their investments), so they are already making a capital gain in this fund.
I have some personal investment in the technology fund as well, made at about the same level as your relative. So, I will also have to wait.
In my case, I have other investments, so the gain in some funds outweigh the losses in the tech fund.
Tan Kin Lian
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