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Reduce AVCs now or continue at same level?

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  • dunstonh
    dunstonh Posts: 121,297 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
     However the current market trend is clearly downwards and still dropping. 
    How do you know?    If you did know then you would be the richest person in the world.

     Should I reduce (or stop?) my AVCs during the current climate?
    Why would you want to stop buying investments cheaper than they were in 2021 but wait until they are more expensive again before buying them?

    When everyone is fearful, that is the time to buy more.  When everyone is optimistic, it is too late.   

    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.
  • TheCuriousSausage
    TheCuriousSausage Posts: 48 Forumite
    Fourth Anniversary 10 Posts
    I put a couple of bonuses into my AVC's about 20 years ago and they built up quite nicely too until I retired and the government took it all back (and more) as I had exceeded my LTA. The LTA didn't exist when I put the money in and I could have used it much more effectively back then. Death and taxes....
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