Hargreaves Lansdown SIPP - Ok to Pause auto invest my Emploment Contributions for the moment?

TheMissingNTLDR

I am not an experienced trader but casually in to Crypto and came across some buzz words like 'buy the dip', 'stop loss' etc. since February.

Coincidently my Employer has moved to HL from Aviva since April.

Historically, realising now that Aviva was just the default investment and I was just blindly trusting and investing in to the default Funds. No intervention was required there.

Anyway, now as I got some experience myself and more importantly the user friendly UI from HL website in terms of what user can do to their own investments; I am curious if it is worth NOT auto invest my Emploment Contributions now? (stop loss?) Just put a pause to it until current market goes further down in current global crisis. Then invest later? Is this a good idea for long term SIPPs too?

Brie

are you saying you want to stop your employer contributing to your pension?  Not a good idea, particularly in the current market I'd say.  Or is it a case of you wanting to be more hands on with what investments they go in to?

TheMissingNTLDR

Brie said:

are you saying you want to stop your employer contributing to your pension?  Not a good idea, particularly in the current market I'd say.  Or is it a case of you wanting to be more hands on with what investments they go in to?

No sorry my bad, not stopping Pension Contribs but SAVING IN HL AS A CASH OPTION.

TheMissingNTLDR

Brie said:

Or is it a case of you wanting to be more hands on with what investments they go in to?

Yes definitely. I can choose my own funds when the Charts are dipped..Using the Saved Cash in HL SIPP Account.

Brie

so leaving the money as cash rather than shares.  Assuming you are not anywhere close to retirement I wonder if that's a good idea.  I know interest rates are going up (what's HL's return?) but with shares so low many will say this is a good time to buy.

Then again - what do I know?  I wouldn't touch any crypto.  But that's because I like to invest in things I understand and are more tangible.

Albermarle

Just put a pause to it until current market goes further down in current global crisis. 

Nobody knows whether the market will go down further, or whether the recovery will start on Monday , or the following week, or the following year. So by selling investments to cash and rebuying later, it might work out well, or it might not. 

Trading and investing are not the same thing. 

Your pension is a long term project so it is normally not recommended to be trying to time/second guess  the market with your pension funds, as you have a 50% chance of getting it wrong.

TheMissingNTLDR

Brie said:

so leaving the money as cash rather than shares.  Assuming you are not anywhere close to retirement I wonder if that's a good idea.  I know interest rates are going up (what's HL's return?) but with shares so low many will say this is a good time to buy.

Then again - what do I know?  I wouldn't touch any crypto.  But that's because I like to invest in things I understand and are more tangible.

Retirement is in 2037. I am not interested in any 'interest' just hoping to get more Units for the money at the right time.

So far it was not a huge investment for me in Crypto, just testing waters and pretty levelled there in terms of profit/loss. The DCA option and very low exchange charges are keeping the users interested I suppose; compared to this type of Shorting in proper StocksShares where charges are the first enemy in terms of day trading.

TheMissingNTLDR

Albermarle said:

Just put a pause to it until current market goes further down in current global crisis. 

Nobody knows whether the market will go down further, or whether the recovery will start on Monday , or the following week, or the following year. So by selling investments to cash and rebuying later, it might work out well, or it might not. 

Trading and investing are not the same thing. 

Your pension is a long term project so it is normally not recommended to be trying to time/second guess  the market with your pension funds, as you have a 50% chance of getting it wrong.

yes thank you very much for a very helpful advise! I am still learning