Year of VLS60

Malthusian

thriftylynny said:

Really not sure what to do apart from get it out & open a 2 yr fixed bond as i haven't got decades of time ahead ?

If you do, will you do what you did before: get fed up of it plodding along at c. 4.5%pa and go back into the markets at higher prices, having turned today's paper losses into a real loss, and then lost another two years of potential growth? That would be the worst of both worlds.
(The markets could of course go down over the next two years. But if you feel like cashing out at today's values you certainly wouldn't want to buy back in when everything will seem even worse.)

P933alilli

thriftylynny said:

Hi Collyflower good to hear from you & apologies for my hijacking your thread a little!  I too took early retirement at 59 & have a smallish DB pension which I draw on gives about 7k p/a , downsized house then too & invested all  the residual (110k) in a Prufund Risk managed investment bond , I didn't really understand much about investing back then but at least it had what they call 'smoothing' & just plodded on achieving not much more than a fixed bond but never lost any original capital . Got fed up with the plodding & transferred all out to the VLS60 as it did well after the pandemic &  which was fab for about 1 month, then came tumbling down as you know . I started off at early retirement hoping to take a 2.5 % ish income from investment but I managed not to by living frugally ! So in my 5 years of not touching any of it I've made at present 7k ..not a loss but not great either ! I have no mortgage but no cash savings . SP is 2 years approx & I just wanted to top this up along with the db pension so that I'd have a moderate retirement say of 20k . Really not sure what to do apart from get it out & open a 2 yr fixed bond as i haven't got decades of time ahead ?

Hi Thrifty, no problem hijacking my thread! 7k in five years would be much better only for last year, hopefully it will all get clawed back, and more, in the near future! You seem to have a good base of 17k p/a with your db pension and sp!