Having to self manage funds within an ISA

[croyde]

I have invested in various funds within ISAs and PEPs over the years and tend to just buy and sit on them.

Approaching Brexit I noticed that a few of my funds were losing money fast so I cashed some in and along with more cash bought into BlackRock Gold & General Fund D Acc and probably for the first time ever it has looked like I made a decent financial decision lol.

Within a week of Brexit I was up 34%. The fund settled back to 31% profit but overnight it has dropped to 24%.

I stupidly thought that the fund managers would take care of my money but should I be constantly switching in order to keep profits. What am I paying the fund managers for?

From what little I have picked up, it would seem that Gold goes up as the FTSE falls thus with a currently healthy 100 index Gold should and has come down. If I know this, how come the fund managers have not acted on it?

Thanks for any education and insights?

Edited by croyde on Friday 22 July 10:24

[croyde]

Only here for advice as I stated.

I have taken my profit and have moved it into one of my less volatile funds.

Just needed the answer to how the fund is managed and whether I need to take a more active role, which I have done. Thanks to the first poster.

Edited by croyde on Friday 22 July 11:43