The FTSE

[SWP's back]

A pension I paid just 3k into between 1984-1989 which is now with Aviva was worth 85k before Covid, dropped to 73k but now back to 80k, meeting an IFA (my sister works for him) next couple of weeks for advice.

It certainly shouldn’t be worth less than it was pre covid. You’re best keeping it with Aviva and picking one of their lifestyle portfolios.

You don’t want to be paying fees on that amount in a pension.

 

[Craig]

I see China just ruled all Bitcoin transactions illegal.

China does this about every 6 months and has been doing for ages. I agree about Bitcoin having no real world use and it’s too volatile to be used as a payment method. It’s the biggest crypto currency simply because it was the first. Much better crypto coins have come out since and obviously plenty of worse coins. There are now some crypto coins that have real world usage so it can no longer be described as having no value.

 

[hammocity]

It certainly shouldn’t be worth less than it was pre covid. You’re best keeping it with Aviva and picking one of their lifestyle portfolios.

You don’t want to be paying fees on that amount in a pension.

Thanks, appreciate that. The IFA I'm meeting is a mate as well so his fee is about £500, I'll see what he says about any other costs involved, cheers.

 

[The blue phantom]

I’m up 47% on my initial stake. Still keeping it for a while yet though.

There'll be ups and downs mate but hold on to these, I've got plenty through the Rights Issue and I honestly expect these to smash through 200 within a year if not Xmas.:) Certainly not a time to sell with what Rolls Royce currently have going for them.

 

[r.soleofsalford]

I`ve been retired for 4 years. I started getting my state pension 3 years ago and my wife starts getting hers in December. I haven`t had any debt since I paid my mortgage off when miras finished. I do have other investment so my wife and I haven`t had to take our private pensions yet. These are the pluses of being an old bugger.

I think we have been one of the lucky generations. I`m not sure future ones will be as lucky. They will be paying off the debts forced on the country through COVID and the change in working practices that will result.

 

[SWP's back]

I`ve been retired for 4 years. I started getting my state pension 3 years ago and my wife starts getting hers in December. I haven`t had any debt since I paid my mortgage off when miras finished. I do have other investment so my wife and I haven`t had to take our private pensions yet. These are the pluses of being an old bugger.

I think we have been one of the lucky generations. I`m not sure future ones will be as lucky. They will be paying off the debts forced on the country through COVID and the change in working practices that will result.

You gotta remember that your generation has only just finished paying off the war bonds and borrowing from the previous generation’s world war 2 mate.

 

[tolmie's hairdoo]

A pension I paid just 3k into between 1984-1989 which is now with Aviva was worth 85k before Covid, dropped to 73k but now back to 80k, meeting an IFA (my sister works for him) next couple of weeks for advice.

Nice. Funnily enough, my funds are also with Aviva!

 

[hammocity]

I thought I would have a look at how Crypto currency works and came across this:

How Does Bitcoin Mining Work? A Beginner's Guide

Bitcoin miners and mining are required for new bitcoins to enter into circulation. Mining is also a critical component of the security of the blockchain ledger.

www.investopedia.com

Bamboozled to say the least

 

[west didsblue]

A pension I paid just 3k into between 1984-1989 which is now with Aviva was worth 85k before Covid, dropped to 73k but now back to 80k, meeting an IFA (my sister works for him) next couple of weeks for advice.

My investments are about 20% up on their pre-Covid peak, which although not spectacular includes quite a few shares that are staples of many pension funds that have not fully recovered, so if shares like BP, BT, GSK fully recover there's quite a lot of upside still. Luckily I bought some shares at the bottom of the market in March last year that had tanked badly at the start of the pandemic and they've made massive gains to more than offset the downturn in the others. It's no surprise that many pension funds are still below their pre-Covid levels as they tend to focus on those bigger companies that are seen as safe bets, and when you consider that the FTSE 100 is still 10% below its pre pandemic level, your pension fund could be a lot worse.

 

[hammocity]

My investments are about 20% up on their pre-Covid peak, which although not spectacular includes quite a few shares that are staples of many pension funds that have not fully recovered, so if shares like BP, BT, GSK fully recover there's quite a lot of upside still. Luckily I bought some shares at the bottom of the market in March last year that had tanked badly at the start of the pandemic and they've made massive gains to more than offset the downturn in the others. It's no surprise that many pension funds are still below their pre-Covid levels as they tend to focus on those bigger companies that are seen as safe bets, and when you consider that the FTSE 100 is still 10% below its pre pandemic level, your pension fund could be a lot worse.

Thanks, that's good to know, hopefully then if the big companies you quote recover then so will the Pension fund. I asked for a quote on my Aviva fund in June, they sent me a letter in August (apologised for the late reply) stating the value of the pot could only be guaranteed until the 29th June!

It's an old fashioned fund that can't be managed or tracked online, bit frustrating.