Co-founder of Affari Miei Independent Financial Advisory Company
October 23, 2023
How to disinvest Intesa SanPaolo Funds (or from any other fund)? What to do when i Eurizon Intesa SanPaolo funds are at a loss? It is better to disinvest?
We all know that sometimes we invest a little hastily, especially if we are not particularly expert in the matter.
Personally, I always recommend training, studying and reflecting beforehand invest: those who follow me here on Affari Miei certainly know my strategy, guided by calm and the right reflections.
Many people have turned to me in despair because they had invested in a way that was proving to be a failure.
I hope you are not in this situation, but if by chance you find yourself having to manage a negative moment and are considering disinvesting from your funds, then continue reading.
This article talks about:
Why disinvest?
We all know that managing your savings yourself may not always be easy.
Things can get even more complicated when it comes to disinvest. There are many reasons that can push us to think about acting in this way: we need liquidity or the investment no longer seems as profitable as it seemed to us at the time of the stipulation.
Meanwhile, since we are talking about Eurizon funds, here I leave you the guide in which I review these instruments.
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Intesa SanPaolo funds at a loss: is it worth disinvesting?
Before seeing how to disinvest, I want to immediately highlight some elements. First of all, I underline the fact that exiting an investment of this type early it’s not convenient.
Just read the Informative prospect or the contract to discover that the concept of “CRIMINAL for early exits” is made explicit and has been accepted with your signature.
Let’s be clear, often those who decide to disinvest do so because they are scared by returns that don’t look promising (any more). Maybe the investment is at a loss and therefore the instinct is to flee.
But are we sure it’s a good idea? Before doing so, consider that the fund itself already has some management costs which affect the return on your investment.
If we add to this that you are at a loss and that you will have to pay the early exit penaltyyou might even end up losing out.
So I invite you to calm down: acting on impulse never leads anywhere. Just as I always recommend training before investing, it is good to train and inform yourself before investing.
Ask yourself whether running away quickly from a loss on your investment would be wise. I don’t recommend these tools, but once you’re into them you still have to act thoughtfully and try to lose as little as possible.
Remember that the fund still has a duration of a certain number of years, during which the management will try (without guaranteeing, however!) to achieve a certain result.
Naturally, all medium and long term investments can suffer oscillationsand retreating during a losing phase is not necessarily a good idea, on the contrary.
Stock markets collapse, what to do?
If you find yourself in this situation, I advise you to wait for better times to try to exit when the trend has improved, if you really don’t want to wait for the deadline (consider that the target of the bottom is to be considered the one achieved in expiration and unfortunately, to find out if it has been achieved, you have to wait… Or at least, wait for a moment that is more favorable than the one that scared you and brought you here to these pages to look for the magic formula!).
Having said this, it is good to specify a sore point… Often moles The kid and in the contracts it is specified that the Fund does not guarantee the result, and in this case… You will lose out anyway and it is not necessarily worth waiting.
But investments, all of them, have risks and unfortunately you always have to take this into account.
It doesn’t matter, I want to close and exit this tool, right away!
If you have decided that you don’t want to wait or you simply need that money for personal reasons, you need to make a calculation of what it will cost you to divest.
I can’t tell you here what the consequences will be, as each fund (Intesa SanPaolo alone has so many, even excluding the funds of other groups! So imagine the variety of quibbles…) has its own characteristics and percentages. penalties.
To know what you will encounter, before disinvesting I recommend that you read the contract and the KIID of the fund you have joined, so as to understand in advance what will happen and whether it is worth running away from.
At this point you must contact the relevant SGR to communicate your intention to obtain early reimbursement. Online, on the official website you will find the forms and contacts to communicate with professionals.
They will provide you with the form to fill out and the addresses to send everything to.
Attention…
If you decide to stay and wait to see what happens, I still advise you to keep an eye on the fund, to avoid that it could, at maturity, be reinvested automatically.
Do you want immediate support?
If this situation takes away your sleep, it is best to rely on professionals.
Your bank, which you have probably already contacted, will have told you that everything is fine and will try to make you desist from any disinvestment attempt… It is therefore not the best interlocutor. If you therefore want to start acting consciously, know that we operate as an independent financial consultancy company, independent of banks and asset management companies, and therefore we can give you a hand through an analysis of your investments.
If you would like to get in touch with us and want concrete help, here you will find the details to book a first free session with our staff in order to understand how we can best support you.
Have you decided to close? The Opinions of Affari Miei
You preferred to lose out, suffer the losses and pay an exit penalty. Maybe you realized that that type of fund (or the instrument in general) wasn’t for you, or maybe you really needed to get the amount (even if reduced) back for your personal reasons.
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How to disinvest Eurizon Funds?
If, despite everything, divesting seems like the best thing for you, then be cautious. Reckless decisions are one of the reasons why many people lose a lot of money.
Personally I think that the main problem that has brought you to this point is not linked to the funds you have subscribed to, therefore to the instruments, but rather to the knowledge of the market and the strategy you have undertaken when starting your investment.
Maybe you realized that you didn’t fully understand the products you subscribed to, or you realized that the expectations you had for this investment were not met.
Therefore, you will agree with me, the mistake was upstream, that is, precisely in the investment itself.
Before disinvesting and capitalizing on losses, I invite you to think for a long time, to stop, and to reorganize your ideas, and then understand in detail what to do.
Redemption times: how long does it take to disinvest a fund?
But what are the disinvestment times and reimbursement? You can request reimbursement in any employment fund, without giving notice. The refund application must be completed on refund form dedicated which you can find on the site or request from the Bank, and must be forwarded to the Sgr directly or through the placement entities.
The refund amount depends on the value of the fund share on the day the request is received by the asset management company; any exit commissions required must be deducted from this amount.
The distributors who have received the reimbursement request are contractually required to send it to the management company within the following working day and the savings management company must arrange the payment no later than 15 days from the date of receipt of the application.
What can you do now? Understand something more
Unfortunately, or fortunately, yes, this is the only way that allows you to understand what you are doing. Making rash decisions without continuing to understand anything is not a solution, just as browsing the internet looking for predictions or opinions is not a solution.
On Affari Miei we help people like you, If you don’t know us you can start with this article in which we explain our approach.
When you have to buy a house or, more simply, an appliance to stay small, you don’t do it lightly.
Find out: if you’re talking about a house, first make a lot of assessments about the area, the conditions and the stage of renovation… And the same goes for a household appliance: first evaluate its energy efficiency, the warranty, read the reviews…
Why should you invest more superficially than when you make transactions in other areas of life? If you have decided to disinvest Eurizon funds and maybe you even lost something, you certainly understood that the cause of this slip was your rush to choose an instrument with which to invest.
I always say that investing is better than not investing, because, however, know what you are doing.
If you want a immediate support you can:
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Conclusions
I hope I have helped you and encouraged you to take care of your money and investments more consciously.
If you have come this far you have understood that it is an operation that is up to you: if you want to continue following me, you will find a lot of useful content to take control of the situation and return to being the protagonist of your financial choices.
On the blog you will find many resources to consult:
I greet you and hope you make the right choice for your budget. See you soon!
Find out what kind of investor you are
I have created a short questionnaire to help you understand what type of investor you are. At the end, I will guide you towards the best contents selected based on your starting situation:
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