Halifax - September down 1.3% yoy 12.4%

mewbie_2

Generali wrote: »

Personally I'd have drip fed the money in, say £6k/month over a year.

Yeah, I might go for that method, although I only have enough cash to do it for 2.5 days.

Dithering_Dad

Generali wrote: »

Good luck with the stock market investment. Personally I'd have drip fed the money in, say £6k/month over a year.

Thanks Gen. I send the request last thing last night and the money will probably be moved late today (my money is in a Stakeholder pension so I don't have immediate purchases).

I was praying that the market would open down this morning and would then be flat until my shares were bought. It seems to be going to plan at the moment.

I was thinking of trickling the money back into equities but as I already do this with my monthly premiums and as I will also be putting in some large Employer contributions through the year, I decided to go the whole hog with the money I already had in the pension.

If Legal & General buy my shares at the right time, I reckon that I will have saved well over £10k by temporarily bailing out of shares when the ftse 100 was at 5500 and then buying back in today (at hopefully less than 4000).

It's quite scarey, but 'he who dares, wins' and if I lose some money, at least I will be £10k up on what I would have been if I had stayed in equities. I also have another 25 years to go before retiring, so plenty of time to build it back up, to have it knocked down again in the next 2 recessions :rolleyes:

Update: Just phoned L&G and aparently my purchases will go through today and the fund price I buy at will be today's closing prices. Let's all pray that shares continue to tumble today and then recover back to 6500 tomorrow.