Pensions Worth 30% Less Than Three Years Ago

sharnad

Dan: wrote: »

Im glad i've got a public sector final salary pension

:money: good for the people who managed to get these in time. Im sorry for new people that dont have them

geneer

heathcote123 wrote: »

Do you have a pension then?

I do.

I presume you think you're making a point.

But as I'm not part of the Tim Foil Hat Wearing Bull denialists, you're probably not.

heathcote123

geneer wrote: »

I do.

ahhhahhah look at those stupid bulls with their pensions down 30%.

Ah hang on...

heathcote123

geneer wrote: »

Most of them are homeowners with pensions.

Though not as much of a pension as they once thought.

And you're a non homeowner with a pension (though not as much of one as you once though)

You win!

You couldn't make this stuff up... You'll be cheering on Nuclear war soon, as it will kill the bulls. The black knight strikes again....

heathcote123

geneer wrote: »

I do.

I presume you think you're making a point.

But as I'm not part of the Tim Foil Hat Wearing Bull denialists, you're probably not.

Incidentally, given your pension is worth 30% less over the last three years, don't you think property would have been a better investment?

RenovationMan

Anyone who is 5 years from retirement should have moved his pensions capital into less risky investments and so should have little exposure to equities.

Anyone else will probably have seen a drop in their pensions (I have lost about £15k since the recent FTSE100 peak of over 6000) but will be using the current lows as a buying opportunity.

I never understand why people are so upset when their long-term investments go down over the short term. Do they want to buy shares at peak levels?

geneer

heathcote123 wrote: »

ahhhahhah look at those stupid bulls with their pensions down 30%.

Ah hang on...

:rotfl:Strawman argument of course.

Particularly given that my point was about how willing the bulls are to ignore things that clearly effect them as well.


Furthermore, as I in fact have a number of decades until my eventual retirement, I'm more inclinded to feel a bit sorry for those closer to retirement now.
No doubt why I stated that in my original post.

It really is quite strange that you think you've got one up on me here.
Perhaps you are unaware of the general bearish concensus that the economy is in a very bad shape.
No doubt because you avoid discussing the wider economy like you'd avoid telling us what your old HPC login was.

Dan:_4

geneer wrote: »

:rotfl::rotfl::rotfl:Best of luck to you mate.

Dave left a message for you. He needs to have a word.

Dave has nowt to do with my pension mate

geneer

Dan: wrote: »

Dave has nowt to do with my pension mate

Just your job you need to worry about then.

Dan:_4

geneer wrote: »

Just your job you need to worry about then.

I'm not worried.

But I wouldn't mind if I were made redundent - 1 months full pay for every year service (currently 17) + 3 months notice pay - would be nice.