Yes to not be neck deep you would have had to have loaded GB, EU or EM assets etc. Which would have been rash on diversification and risk, for a pension at least. Not many will have done that.
After mine recovered the losses it suffered from the invasion of Ukraine I told myself that I'd only check it once a year, in the first week of January. I'm sticking to that.
So - are reporters going to write about why he’s doing this under the watchful eye of Wall St? They’re gonna come out of this better off I’m sure. What are we missing?
Not to be flippant, but isn't avoiding huge downturns based on heavily pre-warned events exactly why these huge pension companies claim their percentage of my pension pot each year? Managing investments and avoiding losing masses of cash is the point, no?
If only that were true. Turns out investing in trackers with low investment costs perform better in the long term than higher cost managed investments.
Yup. And cashing in those trackers in October last year to buy annuities? Perfect timing, unusually for me.
I just figured that there was some chaos ahead, and I'm getting a little old to have the luxury of a 10 year recovery cycle.
Ah yes, I’m always getting decisions wrong. Will never forget selling by TSB shared the day before they had a take-over bid- think it was summer 1995. One of many.
You didn’t fancy drawing down? Leave some invested for needs in 10 years time?
It wasn't all good, I also sold my Tesla shares just before the election, when they just about doubled in value :-)
I looked at draw-down, but decided taking a known return forever was probably easier and lower-risk. I might have made a bit more, but I have enough income to live comfortably now.
Buy and sell investments? I'm not really expecting them to be making continuous movements, but this has been expected for a while. I expected them to have at least considered doing something the be ready for it.
Trump has several times alluded to a "short term pain, long term gain" payoff curve behind this trade policy. Obviously, people will begin to ask 1. just how much pain? 2. do we trust this guy to deliver milk and honey and if so, when?
It’s just the smokescreen to cover up the short term catastrophe he’s causing. By the time the gullible dopes that support him finally realise it was all a hoax, he’ll be long gone.
My DC pension is 5% higher than it was this time last year and 60% higher than 5 years ago (though that was the bottom of the Covid slump). If you are of a nervous disposition then maybe it is better to not check on investments too often.
Moved to cash funds pension and ISA 2 months ago when all this stupidity was kicking off. Growth is 4% , but not exposed to volatility. Will reinvest in the market when all this blows over.
Might be a little weird, but I looked to see what the impact was. Probably just far enough away to assume it will all come right in time but might be kidding myself too.
Most of my adult life we've lurched from one economic drama to another and finance bods reassure us it unprecedented but historically over the course of time things get better. But what if this IS normal now?
I had a small but robust pension paid in for 30+ yrs , then 3 yrs before retirement I got war in Europe, a global pandemic and redundancy at 64. Pensions??? Fuckem
Unless you're 70 years old. In which case, begin reading the works of the Stoics (borrow from the library), and be thankful for the many unbroken years of stability and prosperity you enjoyed in your life.
Worst case is they’ll put contributions up for staff still working or try to swap them to a worse plan. Bit hopefully this fuckery won’t last that long.
Thank you 😊
I will miss it terribly; this is my 36th year in the same school.
But I've hardly worked at all this year anyway, having had two consecutive knee replacements, so I'm having a 'trial run' at the moment!
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I just figured that there was some chaos ahead, and I'm getting a little old to have the luxury of a 10 year recovery cycle.
You didn’t fancy drawing down? Leave some invested for needs in 10 years time?
I looked at draw-down, but decided taking a known return forever was probably easier and lower-risk. I might have made a bit more, but I have enough income to live comfortably now.
It might not be making a fortune but at least my not having to work until I’m nearly 70 savings are still worth what they were yesterday.
At my age I really don't want to know.
Some of us already are 😕
I will miss it terribly; this is my 36th year in the same school.
But I've hardly worked at all this year anyway, having had two consecutive knee replacements, so I'm having a 'trial run' at the moment!