VLS 60 buying more now ok?
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Fair enough about not buying annuities anymore. But principle still stands that you want less risky investments when you approach/reach retirement?0
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Fair enough about not buying annuities anymore. But principle still stands that you want less risky investments when you approach/reach retirement?Eco Miser
Saving money for well over half a century0 -
My Aviva pension has over 2000 different funds. How do you know which ones are unlikely to have 50% downturns?WOW! 2000 funds? That's nuts!
Did Aviva set them up that way or you did?
davieg11 doesn't mean his pension is actually invested in 2000 different funds:eek:, just that he can choose between 2000.0 -
How do you know what a huge drop is?
Check out the dot com crash. The red cross is a 33% drop then it starts going up again - time to buy surely, because it has crashed back down to normal levels.
What's that a chart of?
I guess looking at that chart at the date of point x you might take the view that it's just come off a short term peak and not be tempted.
But if the answer is just to invest when you have the cash, if that is at point x you've made a big mistake. I imagine someone trying to time the market might have waited until early 2001 which looks more like normal levels. Admittedly still not a great decision but far better than at point x.0 -
I guess looking at that chart at the date of point x you might take the view that it's just come off a short term peak and not be tempted.But if the answer is just to invest when you have the cash, if that is at point x you've made a big mistake. I imagine someone trying to time the market might have waited until early 2001 which looks more like normal levels. Admittedly still not a great decision but far better than at point x.0
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Have read this with interest so given that we will get at least a 30% fall in value what other alternatives are there to Vanguard for a more stable fund in the event of a downturn0
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flopsy1973 wrote: »Have read this with interest so given that we will get at least a 30% fall in value what other alternatives are there to Vanguard for a more stable fund in the event of a downturn0
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flopsy1973 wrote: »Have read this with interest so given that we will get at least a 30% fall in value what other alternatives are there to Vanguard for a more stable fund in the event of a downturn
How much downside are you willing to accept?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Strange that you get criticised for pointing out loss potential for events that will happen to people that don't realise it.
We have seen people on this board many many times over the years invest in funds like the VLS. Often taking a long time to decide to invest (often missing periods of gains) who then come back and post that is down and they are worrying. Some have even pulled out crystallising their losses. So, I make no apology for pointing out the downside that WILL happen.
To even suggest that it is wrong to let people know their investments will go down as well as up says more about you than your snide comments about me and the other advisers that post here.
Quite right we all know In our heads that stock go up and down but it's very different seeing it. The difference is your clients get to try and blame you for 'losing their money'. Like an overweight person having one pt session a week and eating chips every day blaming the pt for 'not losing weight'. I think this very often comes from a fundamental misunderstanding of what good financial advisers do but there you go.0 -
flopsy1973 wrote: »Have read this with interest so given that we will get at least a 30% fall in value what other alternatives are there to Vanguard for a more stable fund in the event of a downturn0
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