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Pension loosing money
Comments
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joep2 said:I'd leave the funds invested in that JPM fund and diverisfy future contributions by adding more funds selling at a discount. I suggest having a look into HSBC Shariah fund with material exposure to tech companies which are expected to lead the re-bound. As with other funds, this has taken a beating last few months and the prices are cheap.
https://www.trustnet.com/factsheets/p/061y/sw-hsbc-islamic-pn-cs1
In any case you are not really diversifying by having just two high risk, highly concentrated 100% equity funds.3 -
Thank you @Oldernotwiser, @MK62 and @joep2 for giving me some peace of mind. I am 52 but don't intend to start drawing at 55 so pension would carry on. I have made a lot of salary sacrifice in life and troubled to see everything go. But now will not sell and will wait and see.
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deepam said:Thank you @Oldernotwiser, @MK62 and @joep2 for giving me some peace of mind. I am 52 but don't intend to start drawing at 55 so pension would carry on. I have made a lot of salary sacrifice in life and troubled to see everything go. But now will not sell and will wait and see.1
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I would say I have a fairly high tolerance towards risk / volatility, but there is zero way I would be holding 100% of my pension investments in a natural resource fund.
Whilst no one has a crystal ball and no one knows where the markets will go in the short / medium term, I watched a session yesterday where one analyst was bullish on resources, and one was pointing the the continuing decrease in the price of Cu as a bellwether for where the markets feel demand will drop off for natural resources.
I don't know if the drop of £25k you mention is simply the drop from the top or the actual loss you have on the books at the moment, but given the information you have provided I would be more tempted to follow Linton's suggestion.
For whatever my thoughts are worth.
Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone1 -
joep2 said:I'd leave the funds invested in that JPM fund and diverisfy future contributions by adding more funds selling at a discount. I suggest having a look into HSBC Shariah fund with material exposure to tech companies which are expected to lead the re-bound. As with other funds, this has taken a beating last few months and the prices are cheap.
https://www.trustnet.com/factsheets/p/061y/sw-hsbc-islamic-pn-cs1
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.6 -
cloud_dog said:I would say I have a fairly high tolerance towards risk / volatility, but there is zero way I would be holding 100% of my pension investments in a natural resource fund.
Whilst no one has a crystal ball and no one knows where the markets will go in the short / medium term, I watched a session yesterday where one analyst was bullish on resources, and one was pointing the the continuing decrease in the price of Cu as a bellwether for where the markets feel demand will drop off for natural resources.
I don't know if the drop of £25k you mention is simply the drop from the top or the actual loss you have on the books at the moment, but given the information you have provided I would be more tempted to follow Linton's suggestion.
For whatever my thoughts are worth.0 -
deepam said:@Linton suggests that I should buy a broad global fund. Any suggestions which one would that be (ISIN number)?
I am trying to read up on funds. Any comments on 'Stan Life LF Macq Global Infrastructure Securities Pn S3' (GB00B3K5WJ87) fund?0 -
deepam said:@Linton suggests that I should buy a broad global fund. Any suggestions which one would that be (ISIN number)?
I am trying to read up on funds. Any comments on 'Stan Life LF Macq Global Infrastructure Securities Pn S3' (GB00B3K5WJ87) fund?
Linton will suggest I'm sure but personally I'd think about a multi asset fund:
HSBC Global Strategy
Vanguard LifeStrategyBlackrock MyMap
Each have different flavours for varying risk appetites. They tend to have increasing ratios of bonds etc to equity to fit risk levels.1 -
deepam said:@Linton suggests that I should buy a broad global fund. Any suggestions which one would that be (ISIN number)?
I am trying to read up on funds. Any comments on 'Stan Life LF Macq Global Infrastructure Securities Pn S3' (GB00B3K5WJ87) fund?
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