Pensions Worth 30% Less Than Three Years Ago

heathcote123

geneer

heathcote123 wrote: »

Yes, of course you haven't spend the last few years laughing at the 'property is my pension brigade' as your own pension fell through the floor.....

Didn't I mention this already? I'm still decades away from retirement. Its those nearing pensionable age I feel sorry for.
In fact didn't I mention that twice?:)


Again, you appear to be acting like you've got on up on me with your comments, yet I just can't see where.

Perhaps if you can find the posts were a bear stated that that the global economic meltdown the bulls utterly failed to see coming would only ever effect bulls. Best of luck.:rotfl:

robmatic

So, basically, someone near pensionable age would have been much better off having invested in property? Their expected income from a pension would have dropped massively but rental yields from property would have held up strongly...

System

robmatic wrote: »

So, basically, someone near pensionable age would have been much better off having invested in property? Their expected income from a pension would have dropped massively but rental yields from property would have held up strongly...

And a "bull" near retirement age has more than likely made a small fortune from HPI since the 70s/80s.

I'm struggling to see how this is worse news for "bulls" than "bears", moral of the story seems to be "invest in property".

heathcote123

geneer wrote: »

Didn't I mention this already? I'm still decades away from retirement. .

Ain't that the truth - 4 or 5 I'd guess.

geneer

heathcote123 wrote: »

Ain't that the truth - 4 or 5 I'd guess.

So not going to clarify where you feel you've gained the upper hand in your line of enquiry then?

Didn't think so. :rotfl:

geneer

Joeskeppi wrote: »

And a "bull" near retirement age has more than likely made a small fortune from HPI since the 70s/80s.

I'm struggling to see how this is worse news for "bulls" than "bears", moral of the story seems to be "invest in property".

I'm struggling to see that myself, given how I've claimed no such thing.


But thanks for your fascinating story about a hypothetical bull who bought in the 70's. I'm sure thats proven your point decisively.
What ever point you had that is.

geneer

robmatic wrote: »

So, basically, someone near pensionable age would have been much better off having invested in property? Their expected income from a pension would have dropped massively but rental yields from property would have held up strongly...

:rotfl:I'm sorry rob, you appear to be posting on the wrong thread.

kabayiri

I wish the nice pension salesman had given me the honest talk when I bought in the late 80s.

Me : "so this going to be good for my long term financial planning yeah?"

Salesman : "Yeah, of course. Ahh, but a future PM called Gordon is going to raid the pension funds for a few billion in a decades time. Then there will a decade of halving annuity rates because people stubbornly live longer. Of course, that won't seem so bad when you find out about the financial crash that some will consider the worst fiscal crisis in history."

Me : "Ouch, but will it be okay after that then?"

Salesman : "Well, there is the small issue of a few hundred billion of QE, and potentially a round 2 of a few hundred billion of QE. Oh, and you could be looking at very slow economic growth for the next decade"

Me : "Ahh, right. Where do I sign? "

signed
The Eternal Optimist

Batchy

The reason people live longer is because they have a nice pension and can live a wealthy retirement.

With no pensions, annuities will go up, rather than down, and you will get more value for money in your pension.

Stop worrying about VALUES, and worry more about the cost of living, and affordability.

You can only save as you can afford, do so, and dont get to retirement with regrets, otherwise you will have many regrets! lol