Pension Annual Review

GSP

Just hope with this analogy I’m not heading for a car crash!

sheslookinhot

Cus said:

Albermarle said:

Its like changing lanes in a traffic jam.  We have zero idea which lane will over perform next based on the previous movements.

It is a great comparison. However some people think they know which lane moves the quickest, and no facts will persuade them otherwise.

It's a poor analogy imo, as the fastest lane depends on the reasons for the traffic, merging lanes, closed lanes etc. Having more information quicker will allow you to choose the better lane before others, and then adapt quicker. Or you could just put your hands up, accept that many people are better informed than you, and stay in your lane.  But that doesn't mean that the fastest lane can't be determined.

My goodness.

Cus

sheslookinhot said:

Cus said:

Albermarle said:

Its like changing lanes in a traffic jam.  We have zero idea which lane will over perform next based on the previous movements.

It is a great comparison. However some people think they know which lane moves the quickest, and no facts will persuade them otherwise.

It's a poor analogy imo, as the fastest lane depends on the reasons for the traffic, merging lanes, closed lanes etc. Having more information quicker will allow you to choose the better lane before others, and then adapt quicker. Or you could just put your hands up, accept that many people are better informed than you, and stay in your lane.  But that doesn't mean that the fastest lane can't be determined.

My goodness.

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barnstar2077

Sounds like you would have just been better off with a bond and equities tracker instead of this person picking managed funds.  You are paying for the fund manager and then the IFA on top, and when some of the funds do badly he swaps them out for another managed fund.  Anyone could do that.