SIPP Transfer & Market Volatility
in Pensions, Annuities & Retirement Planning
8 replies 282 views
Forgive my ignorance, I already think I know the answer to this one but just want to double check...
With the recent market volatility at the moment, does it make a difference to me if I am in the middle of a SIPP transfer application from HL to Vanguard??
I think the answer is NO because even though my current investments with HL have dropped, when the transfer time comes I'd be selling at a loss but buying similar funds at a similarly low price so shouldn't make any/much difference to my long term returns? The only time that I might be affected is the short period between HL liquidating the funds, transfering the money and then Vanguard purchasing the funds?
Stupid question I know but I bet there are others who have thought the same thing as I?
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