New Financial Crisis

[OccupiedPalestineBlues]

Getting a bit fed up with my pension , don’t put a fortune in , £250 a month but it’s been at the same value for best part of 18 months

The best time to pay into stock market based investments is when the market are valuations are low. The best time to cash in is when the valuations are high.

 

[Corky]

The Chancellor was picking other organisations forecast figures, with the 2.9% inflation prediction and no recession but -0.2% GDP. From the budget speech we looked like the best country in Europe not the worst major country as being made out a month ago on other forecasts.

 

[blueinsa]

Credit Suisse about to go belly up?

 

[bluesince76]

Getting a bit fed up with my pension , don’t put a fortune in , £250 a month but it’s been at the same value for best part of 18 months

Then I'd question what you're investing it in, as you should have at least seen some ups and downs, but it was back to all time highs until the bank collapse.

And if you're still buying units for your future, why would you want the value to go up now? Assuming you're not about to retire, the best thing that could happen for your pension investments is a great depression style event over the next few years. If petrol dropped to £1 a litre, you'd fill the car up. Your pension is no different.

 

[yankblue]

The biggest problem this time around isn't just inflation, but it seems to be investments in crypto and mid sized banks having the safeguards removed.

Weird thing to say but small banks are fine, and huge banks are fine. They'll still feel the ripple though but overall:

It's the regional/ mid sized ones (100 mil - 250 mil in assets) that're problematic.

Considering how important the financial sector is to the US.. I'd bet the US banks will mostly be fine.

Probably going to turn out to be the safest compared to the rest of the world.

I don't think the US will step in to help overseas banks though.

Especially those that've not really been seeing eye to eye with western sanctions on Russia. *cough* swiss banks *cough*

The US is the most socialist country in the world when it comes to bailing out the banks. It's when those pesky workers start wanting healthcare and a decent wage we go full Capitalism

 

[brazilians hurt]

Then I'd question what you're investing it in, as you should have at least seen some ups and downs, but it was back to all time highs until the bank collapse.

And if you're still buying units for your future, why would you want the value to go up now? Assuming you're not about to retire, the best thing that could happen for your pension investments is a great depression style event over the next few years. If petrol dropped to £1 a litre, you'd fill the car up. Your pension is no different.

Are you FCA assessed & accredited? Asking for a friend

 

[aguero93:20]

The US is the most socialist country in the world when it comes to bailing out the banks. It's when those pesky workers start wanting healthcare and a decent wage we go full Capitalism

Don't forget subsidising food for children in poverty. Can't have that.

 

[yankblue]

Don't forget subsidising food for children in poverty. Can't have that.

They need to pull themselves up by the bootstraps if they want to eat

 

[aguero93:20]

They need to pull themselves up by the bootstraps if they want to eat

And if 4 year old Tommy doesn't have any bootstraps, well then, should have gotten a job to pay for some, shouldn't he?

 

[bluesince76]

Are you FCA assessed & accredited? Asking for a friend

If I was, I wouldn't have been saying it without a whole load of caveats. I'm just some bloke down the virtual pub, so follow at your own risk.

But over a long enough period, the market has never not gone up in the past. Think it was Morgan Housel who said if you only checked your investments every 12 years, it would never have been down (assuming investing in global passive funds and not a single share/crypto etc).