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Bear Market/Crashes: how do Retirees Deal with it?
Comments
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FTSE 100 down 1% again so far today.
I mentioned before I moved a pension into cash as I am in the process of transfering it to drawdown. I am satisfied that I actually sold out close to the peak of the market and it's value now had it still been invested would be less.
I really can't see me putting it back into equities for a while yet, the outlook does not look very bright in the short term.0 -
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FTSE 100 down 1% again so far today.
Good, and if it could manage another 10% down, that would be delightful.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
FTSE 100 down 1% again so far today.
Minor movement well within typical range.
I havent done my annual pension contribution yet. I'm hoping for a 20% drop in the next few weeks. Might get lucky. Probably won't though.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 -
I'm hoping for a drop to keep my LTA excess charge down as much as possible.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
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Yeah, pound cost averaging and all that. And I bet you're investing beyond your risk profile. :-)I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Thrugelmir wrote: »Thought that you of all people would be a drip feeder rather than a once a year lump sum.
Back in the day I was but as a company director, I tend to to wait to see how much money is surplus in the company before deciding how much to pay in. Much the same as many other company directors.
March is a very busy month for single premium pension contributions from directors.
Now excuse me whilst I go and pick my funds from the adverts in the Telegraph
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 -
Yeah, look for something that's done really well lately and that's run by someone you've heard of. :-)I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Yeah, look for something that's done really well lately and that's run by someone you've heard of. :-)
I've seen this company called LC&F who have some really good savings rates. However, I think Cape Verde Property along with some biofuels and forestry will do the trick nicely 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
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