Depends what you invest in. I chose a Vanguard All World fund and the last 12 months gains were wiped out over the last few weeks, resulting in a loss of about 50 quid at the moment. But it is time in the market versus timing the market.
Yup same here, I've got for the global equity accumulation.. Already down after the past few months but considering money is going to be working over 15 years you'd hope it will end in the positive!