Pension values dropped?

nrsql

thriftytracey wrote: »

I ran a price feed yesterday and my work DC pension investments have gone down £5k in a month. Appreciate my contribution is purchasing more units but I hope this isn't the start of a prolonged fall as I plan to retire next Spring. I was intending to sell my small share portfolio to give me 18 months or so without having to do drawdown but if this continues it won't last very long.

If you are relying on this portfolio for next spring then you might consider how much of it should be in volatile investments now, especially after the bull run we’ve had.

cfw1994

thriftytracey wrote: »

I ran a price feed yesterday and my work DC pension investments have gone down £5k in a month. Appreciate my contribution is purchasing more units but I hope this isn't the start of a prolonged fall as I plan to retire next Spring. I was intending to sell my small share portfolio to give me 18 months or so without having to do drawdown but if this continues it won't last very long.

Do you have any choice of funds that pension is using?
We do (through Aviva) - I moved 20% back in August into a 15 year bond & a 15-year gilt fund option.

Oct 5th was a quarterly check I make....& naturally, the masochist in me tracked it closely in the days since then :eek:

From then until a low point (so far...) on Oct 26th, I lost 7% overall across all my funds (& rather more than £5k, sorry to say!)....but this was saved from worse by the bonds & gilts, which only lost 1.1% & 0.38% - the others lost between 7.9% & 9.11%

I guess all I am saying is that as you approach retirement (I am perhaps 2+ years away), moving some funds into something lower risk isn't a bad thing, if you have that choice.
I personally baulk at putting chunks into cash - effectively you are guaranteed to lose inflation with that.....but bonds & gilts look a safer haven for a small chunk.

On the other hand, if that DC pot is to fund living for perhaps 30 years, you still need to be invested, since equities are the place for long-term growth (perceived wisdom & empirical evidence tell us!)

Of course the $64m crystal ball question none of us know is whether we are approaching a low (US tech stocks have bounced around the past week), or whether there is another 10%+ to be dropped. If I knew the answer to that, I'd be a lot wealthier!

atush

rangersfc wrote: »

Thanks for the clarification. I am disappointed at the disrespect shown towards the President of the United States, the United Kingdoms strongest ally.
Despite the distasteful propaganda thrown his way by the media and the other haters, he has the support of many millions of Americans and many people in the UK also support his views.He does what it says on the tin!
Free speech is to be cherished, but please be civil.
Regards,
mrwmartin

Well I am american and dont think it is disrespectfull.

He has made a mockery of the office, and is constantly telling untruths and whipping up racism and hatred amongst his 'base'.

Any UK people who support him and his ideas are misguided at best.

I am voting tomorrow in the early voting office.

thriftytracey

cfw1994 wrote: »

Do you have any choice of funds that pension is using?
We do (through Aviva) - I moved 20% back in August into a 15 year bond & a 15-year gilt fund option.

Oct 5th was a quarterly check I make....& naturally, the masochist in me tracked it closely in the days since then :eek:

From then until a low point (so far...) on Oct 26th, I lost 7% overall across all my funds (& rather more than £5k, sorry to say!)....but this was saved from worse by the bonds & gilts, which only lost 1.1% & 0.38% - the others lost between 7.9% & 9.11%

I guess all I am saying is that as you approach retirement (I am perhaps 2+ years away), moving some funds into something lower risk isn't a bad thing, if you have that choice.
I personally baulk at putting chunks into cash - effectively you are guaranteed to lose inflation with that.....but bonds & gilts look a safer haven for a small chunk.

On the other hand, if that DC pot is to fund living for perhaps 30 years, you still need to be invested, since equities are the place for long-term growth (perceived wisdom & empirical evidence tell us!)

Of course the $64m crystal ball question none of us know is whether we are approaching a low (US tech stocks have bounced around the past week), or whether there is another 10%+ to be dropped. If I knew the answer to that, I'd be a lot wealthier!

Yes ATW I can move funds (Scottish Widows). I heard FTSE dropped yesterday 17 points with all the Brexit uncertainty and fake news talking it up/talking it down. It is so difficult as you say. I guess my contributions are buying more units. And then this is Brexit .... If it all goes tits up I will request part time and get a GP note to back up my request. Not something I want to do of course.

dunstonh

I heard FTSE dropped yesterday 17 points with all the Brexit uncertainty and fake news talking it up/talking it down.

17 points is barely a ripple. It is a non-event. You cannot attribute a movement of that small amount to any particular thing.