Squeaky bum time!

fronty

Portfolio has lost nearly all the gains it's made since December, now sitting at just +0.8% which will probably get wiped out at the next valuation point.

But I don't plan to retire for another 10-15 years, so I sense a buying opportunity will soon be presenting itself! :-)

ffacoffipawb

I am back to where I was three years ago now. I have taken some drawdown, but even so, I feel like 💩 

Dox

Anyone thinking of transferring from a DB scheme might do well to dwell on this thread!

Golactico

Indeed. As someone who's quite clueless with regard to investing, my ISA is with one of the companies that make the decisions for you. Slightly disconcerting to see a £500+ downturn on my fairly modest investment in the space of about a week. However, I've had the account long enough to realise that there's no need for panic and  that things will most likely turn around before too long.

ffacoffipawb

Dox said:

Anyone thinking of transferring from a DB scheme might do well to dwell on this thread!

Indeed. I wish I had taken my DB in full and not the PCLS as I have lost 10% of it already. It was meant to give a higher income from dividends than the pension commuted. Maybe it will, but I wish I could go back and take the extra £2k (£1600 net) pension instead of the £50k tax free cash which is now worth £45k. Of course in a year's time we might be OK but this time it seems different.

Sailtheworld

My SIPP hasn't seen lows like this since the heady days of December 2019. Ah the good old days!
I usually update prices in my accounting software weekly. In the past when there have been prolonged market falls I just do it less frequently.

ffacoffipawb

Sailtheworld said:

My SIPP hasn't seen lows like this since the heady days of December 2019. Ah the good old days!
I usually update prices in my accounting software weekly. In the past when there have been prolonged market falls I just do it less frequently.

I am now 10% down this calendar year. If you are breaking even I must be doing something badly wrong.

cfw1994

fronty said:

Portfolio has lost nearly all the gains it's made since December, now sitting at just +0.8% which will probably get wiped out at the next valuation point.

But I don't plan to retire for another 10-15 years, so I sense a buying opportunity will soon be presenting itself! :-)

Ouch 
Just checked mine....sure, down a little this week, but actually I am still up (0.6%) since 31st Jan (last payment in was before that) 
Fully expect more of a dip, but still fairly pleased with that.....

Sailtheworld

ffacoffipawb said:

Sailtheworld said:

My SIPP hasn't seen lows like this since the heady days of December 2019. Ah the good old days!
I usually update prices in my accounting software weekly. In the past when there have been prolonged market falls I just do it less frequently.

I am now 10% down this calendar year. If you are breaking even I must be doing something badly wrong.

Just a 30% (and increasing!) chunk in VGOV.

ffacoffipawb

cfw1994 said:

fronty said:

Portfolio has lost nearly all the gains it's made since December, now sitting at just +0.8% which will probably get wiped out at the next valuation point.

But I don't plan to retire for another 10-15 years, so I sense a buying opportunity will soon be presenting itself! :-)

Ouch 
Just checked mine....sure, down a little this week, but actually I am still up (0.6%) since 31st Jan (last payment in was before that) 
Fully expect more of a dip, but still fairly pleased with that.....

How down are you this week? FTSE not far off 10% since the weekend and I am not far off that myself. 

Andrew31

ffacoffipawb said:

Sailtheworld said:

My SIPP hasn't seen lows like this since the heady days of December 2019. Ah the good old days!
I usually update prices in my accounting software weekly. In the past when there have been prolonged market falls I just do it less frequently.

I am now 10% down this calendar year. If you are breaking even I must be doing something badly wrong.

I think you probably are, who is managing this garbage for you?