Pension loosing money

Albermarle

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

As previously mentioned the OP will be limited to what is available in their SL pension, and I doubt this one is.

In any case you are not really diversifying by having just two high risk, highly concentrated 100% equity funds. 

deepam

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. 

older_and_no_wiser

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. 

No worries. Remember it's not 'gone '. The value has just dropped temporarily. You still own the same number of shares in the fund. History tells us that the value should recover. Sit tight and enjoy the sun 😎

cloud_dog

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.

dunstonh

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

The OP thanked you which is worrying.     This would be poor quality investing.   For the OP, it is out of the frying pan into the fire.

older_and_no_wiser

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.

Whoa! That's massive volatility.  

deepam

@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?

Audaxer

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?

Interested to know how long you have been contributing to the JPM Natural Resources Pension fund?

older_and_no_wiser

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?

That doesn't look like a very well diversified or broad fund at all. It's all invested in infrastructure companies!

 Linton will suggest I'm sure but personally I'd think about a multi asset fund:

HSBC Global Strategy
Vanguard LifeStrategy

Blackrock MyMap 

Each have different flavours for varying risk appetites. They tend to have increasing ratios of bonds etc to equity to fit risk levels.

older_and_no_wiser

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?

It's actually done well compared to other funds in the last year. However it's got a very small number of stocks in it so is vulnerable to large swings. Thinking long term, will it underperform once the market picks up. You are putting a lot of eggs into one basket as it's themed. Maybe okay for a small satellite investment but certainly not as the core of a pension fund.....my opinion