Brexit the economy and house prices part 6

scaredofdebt

lisyloo wrote: »

I don't really understand this (and perhaps not the best board), but if I'm retiring at 55 and expecting to live until 90 then why would I want to de-risk assuming drawdown?
If you are buying an annuity then that's quite different.

In case of a stock market crash, what are you going to do with your pension pot?

scaredofdebt

StevieJ wrote: »

All about positioning/luck/age , I should imagine many of those oldies have made a pretty penny out of the fall in Sterling. Them being invested in foreign companies through their pensions/investments.

So are you saying Brexiteers forsaw this and are all making a mint out of the stock market?

I somehow doubt this.

I thought Brexit was going to make us all better off financially?

lisyloo

scaredofdebt wrote: »

In case of a stock market crash, what are you going to do with your pension pot?

Keep it invested in a diversified portfolio with a regular review of the asset allocation, funds etc. and not panic at stock market volotility if investing for the long term.


Are you suggesting no-one invests their pension in the stock market AT ALL because there are cycles? or that you stop investing at drawdown and put it in cash? Why would you pick that point in particular if you have an estimated 35 years to live?


BTW - did you mean a UK or global stock market crash. My portfolio is diversified so it's doesn't crash if one countries stock market crashes.

Thrugelmir

lisyloo wrote: »

BTW - did you mean a UK or global stock market crash. My portfolio is diversified so it's doesn't crash if one countries stock market crashes.

The world is more interlinked than you may imagine.

Thrugelmir

StevieJ wrote: »

All about positioning/luck/age , I should imagine many of those oldies have made a pretty penny out of the fall in Sterling. Them being invested in foreign companies through their pensions/investments.

More out of QE. Money for nothing.........

lisyloo

Thrugelmir wrote: »

The world is more interlinked than you may imagine.

That’s why I leave these things to people who know a lot more than me, but the bottom line is you either believe in investing as a concept or you dont.
Running scared becuase there are cycles rather than managing it is a poor strategy IMO and leave you exposed to shortfall risk, so you swap one for another.

Thrugelmir

lisyloo wrote: »

That’s why I leave these things to people who know a lot more than me, but the bottom line is you either believe in investing as a concept or you dont.
Running scared becuase there are cycles rather than managing it is a poor strategy IMO and leave you exposed to shortfall risk, so you swap one for another.

There's a great book if you like a detailed read.

"This Time Is Different: Eight Centuries of Financial Folly"

Surprising how often the same mistakes get made over and over again.

buglawton

https://www.theguardian.com/politics/2018/sep/17/uk-needs-darkest-hour-in-brexit-talks-before-giving-ground?CMP=Share_iOSApp_Other
Wonder if Churchill would've done this?

ben501

ess0two wrote: »

A fool and his money are easily parted.

Gotta love that site.


https://endthechaos.co.uk/mission/

The options facing us are so poorly defined that clarity is desperately and urgently needed

I don't know if that's referring to Brexit, or the site I copied it from.:rotfl:

Enterprise_1701C

buglawton wrote: »

https://www.theguardian.com/politics/2018/sep/17/uk-needs-darkest-hour-in-brexit-talks-before-giving-ground?CMP=Share_iOSApp_Other
Wonder if Churchill would've done this?

Maybe we should remind them that if it wasn't for Churchill then Europe would be under the rule of the Germans. Oh, hang on a minute ………………………………..