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Changing pension fund to High risk?
Comments
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The OP could perhaps leave the medium risk investment as is, and divert new payments to the high risk option for a few years and see how it goes. You don't necessarily have to keep everything in a single fund, even in a workplace pension, and could probably arrange to do that fairly easily online / by letter.
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There are some people out there who don't blink when their investments fall 40% or more. There are others that panic when its gone down 1%.
Unfortunately, the move to quarterly statements (an EU Directive) means that people see the volatility more and it gives them more opportunity to panic.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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