Squeaky bum time!

MK62

No way to know tbh.....that 600 point clawback could be just the old "dead cat bounce"........personally I'm dripping into the dip in a measured way (measured=guess though really.. ).......but that practically guarantees that whichever way the market does go, it won't end up being the optimum strategy......but I'm OK with that....I think....

Thrugelmir

Username999 said:

ratechaser said:

Was watching the last 10 mins of US trading on Friday, the DJI clawed back 600 points of losses. Not sure I've ever seen that sort of movement before...

Short sellers closing positions/taking profits before the weekend.

End of the month as well. 

Username999

Thrugelmir said:

Username999 said:

ratechaser said:

Was watching the last 10 mins of US trading on Friday, the DJI clawed back 600 points of losses. Not sure I've ever seen that sort of movement before...

Short sellers closing positions/taking profits before the weekend.

End of the month as well. 

Indeed!
Got to tidy up the books.

[Deleted User]

ratechaser said:

So then to ask a slightly different question - if like me you had been heavily weighted towards gilts as a defensive mechanism over the past few months, is now (i.e. Monday) the time to rebalance towards equities?

Or to put it another way - do you see this correction as having run its course already? Was watching the last 10 mins of US trading on Friday, the DJI clawed back 600 points of losses. Not sure I've ever seen that sort of movement before...

This is the exact problem with timing. Guessing once isn’t sufficient. You have to guess twice. That’s a low probability scenario. The market has been volatile so a bounce here and there might be a dead cat bounce. Or it could be the start of a super fast recovery. 

ProDave

Thrugelmir said:

ProDave said:

DT2001 said:

ProDave
If I’d followed your ‘advice’ re the FTSE 100 I would not have invested a bonus in 2015 (when the index was just over 7k). Yesterday that index was 6.5k however my pot is 20-25% higher (NOT managed by me but invested with retirement expected within 5 years so relatively cautiously).
If you are investing in equities maybe take note of Warren Buffett’s quotes below. Maybe your timescale is inappropriate. What happens if you invest near the bottom of the 1st part of a double dip. If WB cannot predict corrections and crashes I wouldn’t like to try.
How key is the preservation of your capital to your retirement plans? If so remember the stock market is a gamble

It is a shame this forum is not a bit more helpful. If anyone asks for advice the stock answer is do your own research or pay an IFA to advise you.

Vanguard (as an example) offer plenty of options for those without the inclination to do the leg work themselves. There's no shortage of resources available to make yourself a better informed investor. 

I rest my case.  Ask for an example of a HL fund and you get a "plenty of Vanguard options" without mentioning any specific possibilities.

DT2001

ProDave
I rest my case.  Ask for an example of a HL fund and you get a "plenty of Vanguard options" without mentioning any specific possibilities.

Didn’t someone say you couldn’t get what you were looking for,  2% with HL and no risk.
You haven’t posted any more details on your situation so how can anyone do anything other than offer general advice. Vanguard website gives guidance on risk and spread of assets so you can tailor your decision to your situation. Remember all we know is you have a small fund and want access in 3 years - no idea of other assets, whether you want to withdraw all at once or monthly over 30 years etc.
Posters will, I sure, help if you provide more information 

ProDave

I have one small DB pension that I am drawing.  I have a larger DB pension that I will be drawing in 3 years time. That is when I plan to stop working aka retire.

These 2 pensions on their own are not enough but those plus state pension will be.  However I will have another 7 years to wait for my state pension (who know it might be longer if they pull the ladder up higher before I get there)

So this small DC pension will be drawn once I retire to fill the gap before the state pension.  I will also have other assets from the sale of a property.

This small DC pension has done it's growing as far as I am concerned, it did well (under the management of a fund) but now I would not forgive myself if in 3 years time I was looking at a smaller pot because I had invested it "wrong"

I can put money outside of a pension in a safe, low interest account. Why the hell can't I seem able to do the same inside a SIPP?  It seems no return, or risk it?

Thrugelmir

DT2001 said:

ProDave
I rest my case.  Ask for an example of a HL fund and you get a "plenty of Vanguard options" without mentioning any specific possibilities.

I suggested Vanguard, as the website is constructed in such a way as to walk inexperienced investors through the options on offer. Vanguard alone has 75 funds listed in the UK. Personally I hold no Vanguard funds. That's purely out of personal choice.

If the risk of losing money concerns you. Start with small amounts. Investing is very much a long term activity. 

cfw1994

ratechaser said:

So then to ask a slightly different question - if like me you had been heavily weighted towards gilts as a defensive mechanism over the past few months, is now (i.e. Monday) the time to rebalance towards equities?

Or to put it another way - do you see this correction as having run its course already? Was watching the last 10 mins of US trading on Friday, the DJI clawed back 600 points of losses. Not sure I've ever seen that sort of movement before...

Sounds good you moved to a defensive position.  Only 2 weeks ago I felt ‘itchy’ and moved another 10% of my main DC pot in this way.  Now have half in defensive funds in my Aviva scheme (gilts, bonds, & ‘pre-retirement interest), half in US & World Tracker.  

Recent falls have taken the overall value of my pot back about 6 weeks: under 4%.  

Has the correction run it’s course?  Only history can tell us that!
I do suspect there may be further falls (the market has been overdue a correction for a while)....but I could be wrong.
I plan to strap in and hold tight.  I don’t plan any further fund shifts for the time being.

ProDave said:

This small DC pension has done it's growing as far as I am concerned, it did well (under the management of a fund) but now I would not forgive myself if in 3 years time I was looking at a smaller pot because I had invested it "wrong"

I can put money outside of a pension in a safe, low interest account. Why the hell can't I seem able to do the same inside a SIPP?  It seems no return, or risk it?

Also interesting.  Clearly Aviva does have some options for me, not sure about the choices in your account.  

That said, the ‘fixed interest’ (or ‘sterling liquidity’) options in mine would indeed lose out to inflation every year....
more curious - can’t seem to multi-quote on an iPad.  Damn new forum scheme!

DT2001

ProDave said:

I have one small DB pension that I am drawing.  I have a larger DB pension that I will be drawing in 3 years time. That is when I plan to stop working aka retire.

These 2 pensions on their own are not enough but those plus state pension will be.  However I will have another 7 years to wait for my state pension (who know it might be longer if they pull the ladder up higher before I get there)

So this small DC pension will be drawn once I retire to fill the gap before the state pension.  I will also have other assets from the sale of a property.

This small DC pension has done it's growing as far as I am concerned, it did well (under the management of a fund) but now I would not forgive myself if in 3 years time I was looking at a smaller pot because I had invested it "wrong"

I can put money outside of a pension in a safe, low interest account. Why the hell can't I seem able to do the same inside a SIPP?  It seems no return, or risk it?

Maybe the reason for not getting better rates inside a SIPP is twofold, the vast majority of money I pension is invested and there is little competition.
So unless someone has found a good rate in another fund provider you need to work out how best, taxwise, to get the funds out and maybe sitting in those accounts you have identified. 
You have not provided figures so we do not know if you’ll have spare personal allowance to utilise when you retire or if you could start drawing down now within the BRT band.