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Newbish Question about profits with a pension in relation to stocks
sho_me_da_money
Posts: 1,679 Forumite
I notice when the economy is in a slump and the general stock market is in decline, a few buy more of their stock ticker to average down their price per share.
Does the same apply to a pension pot investment?
Does the same apply to a pension pot investment?
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Comments
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Yes. If you’re making regular contributions and share prices go down, then your pension manager is investing that contribution into cheaper priced shares (or whatever the underlying asset in your fund is)
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Great. I only started to invest a couple of years back and would like to think I have 17 years to go. If im buying at the bottom these days, then I think 17 years a long enough time for the markets to recover and go on a boom of sorts.0
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In theory yes, but what reason do you have to think this is the bottom?sho_me_da_money said:Great. I only started to invest a couple of years back and would like to think I have 17 years to go. If im buying at the bottom these days, then I think 17 years a long enough time for the markets to recover and go on a boom of sorts.0 -
sho_me_da_money said:Great. I only started to invest a couple of years back and would like to think I have 17 years to go. If im buying at the bottom these days, then I think 17 years a long enough time for the markets to recover and go on a boom of sorts.It might be the bottom, or it might not be the bottom, either way if contributing from salary then you'll likely be best off by just keeping your regular contributions going into the pension.Just don't forget to make sure that your pension contributions are in the right ball park to give a fighting chance of a pension suitable for your situation, and don't forget to increase your contributions as your salary increases, otherwise you might get a bit of a shock in 17 years time when your pension might not be able to support your lifestyle at that time.0
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Total contribution right now is 2850 per month. Im living off peanuts to give myself the best chance.0
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