west didsblue
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Carnage across the board Friday and today. Seems there’s some contagion from the SVB collapse. May be a buying opportunity later this week.
west didsblue
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Probably because a fair chunk of your fund is in bonds which countered the hit to equities. My US funds both went down around 3% on Friday and I’m expecting worse today if Wall Street follows what’s happening here today.It's not affected my American fund and 12.5% of that is in financials, in fact it moved up by 0.5% today
Chart
www.fundslibrary.co.uk
M18CTID
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I've pretty much given up hope of having a decent pension pot when I turn 55 in a couple of years time. Things were looking a lot healthier with my investments back at the start of 2021 - despite Covid, most of my funds were performing really well. Since then, they've pretty much all took a twatting. This has been exacerbated with me - somewhat unwisely perhaps - going balls deep in NIO which is way down on my initial investment. I've bought more to help bring the average buying price down but there's no sign of it recovering at the moment. There was talk of an improvement in the share price now that China has binned off its Zero Covid policy so I'll just have to wait and see. If it can just get back to the ATH of January 2021 then all of a sudden things are looking rosier and anything considerably beyond that becomes even rosier again. In any case, I can't touch my pension pot for another 25 months anyway so it's a case of sitting tight.
journolud
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Seems one thing after another over the last few years. I've been pretty passive as far as managing my finds goes as there doesn't seem to be anywhere that is safe from the general malaise.
ganganvince
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Pensions: why do those retiring face ‘massive’ losses despite FTSE highs?
Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year
www.theguardian.com
dickie davies
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Thanks for posting thatInteresting readPensions: why do those retiring face ‘massive’ losses despite FTSE highs?
Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year
It doesn't affect me as I have a personal pension that I have control over where it's invested, but it has opened my eyes to the supposed low risk policies as I approach retirement
Tommy_Catons_Perm
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Thanks for this. Fortunately my DC pensions are invested in target drawdown funds and so have not been adversely affected.Interesting readPensions: why do those retiring face ‘massive’ losses despite FTSE highs?
Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year
But a few years ago they were invested in target annuity funds but luckily I made the switch. I say luckily because I did not realise target annuity funds would mostly invest in gilts which have lost value.
I'm fairly clued up financially but I think pensions are overly complicated, especially for the average punter. I'll have no chance managing this in my 80s:(
I'm no cynic but...
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A lot has happened over these past 5 years. Brexit, covid, Ukraine and a general malaise surrounding a Government that is utterly clueless, but despite that the Footsie is still trading above the 200 day moving average level which is still a positive level. Anyone who bought into the footsie when the index fell below this average over this period would likely have gained such is the way markets work.
I was saying this last July, the low risk investments with ISA, AVCs etc dropped a lot more than the higher risk one, due to the former having much more bonds.Interesting readPensions: why do those retiring face ‘massive’ losses despite FTSE highs?
Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year
The Guardian article is acting like it is a warning, but the horse has well and truly bolted.
Savings account/money in shares. What’s the best option?
Depends what you plan to do with it? I’d more like inclined to look at a gold ETF. I don’t know if you’re familiar with ETF’s - If not, it’s an Exchange Traded Fund, so is basically like buying gold on the stock market as you would when you purchase shares. I imagine an ETF to be more convenient...
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