Pension loosing money

Malthusian

sheslookinhot said:

wjr4 said:

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

Are you authorised to give financial advice to strangers on the internet?

Do you need to be authorised to make suggestions on the internet ?

I wouldn't normally be that guy, but that was financial advice. A specific personalised recommendation of which specific funds the OP should invest in.

And yes, this is a UK-based forum and giving financial advice is a regulated activity.

If the OP is going to ask random people down the pub for help with their pension, they need help to choose funds for themselves that match their objectives and risk profile, not pick some fund at random that some guy picked for them.

RobM99

Don't you have to be FSA registered to give financial advice?

MX5huggy

RobM99 said:

Don't you have to be FSA registered to give financial advice?

No that’s to make sandwiches https://www.food.gov.uk/

Albermarle

RobM99 said:

Don't you have to be FSA registered to give financial advice?

The issue is with paid for financial advice, where the advisor has to be registered, and  where if the advice turns out to be rubbish you can claim compensation . 

MallyGirl

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 would not come under the heading of "a broad global fund" by any stretch of the imagination. What made you pick that one?

As a number of people have pointed out, this forum is for discussion and information but not for giving Financial Advice which is a regulated activity. No one on here can give you Advice.
@deepam it sounds like you need to follow some of the excellent links already provided which will help you to raise your background knowledge before you make any kneejerk decisions.

Albermarle

As a number of people have pointed out, this forum is for discussion and information and expressing personal opinions, but not for giving Financial Advice which is a regulated activity

Maybe worth adding that .

[Deleted User]

Two options, either has rational reasons behind them:

1. Sell now and buy a globally  diversified fund right away
2. Wait until the markets recover, use that time to educate yourself by reading a couple of good books and then go to step 1

QrizB

deepam said:

@Linton suggests that I should buy a broad global fund. Any suggestions which one would that be (ISIN number)?

Examples (but not suggestions, do your own research etc.) can be found in this article:
https://monevator.com/best-global-tracker-funds/

Albermarle

OP- The link in the previous post explains the choices very well. However just note that the difference between each one in terms of cost and performance is marginal, so probably not worth getting in a sweat about which one to pick.

The decision is whether to invest in a global tracker fund, or not. Which one you choose is less important.