Pension pot dropping again

garyelder

Is it only me whose pension pot has dropped about 1.5% this week 
it seems to me no one knows what’s round the corner anymore 

HappyHarry

Nobody ever knows what’s round the corner with investments. 

However, long term they tend to comfortably outperform cash deposits.

RoysV

None technical answer but did anyone ever know what is round the corner?
Edit beaten by HappyHarry 

JohnWinder

1 not only yours dropped
2 as above
3 dropping is good if you’re accumulating, since new contributions will have a better return than had they been made last week

4 dropping weekly, monthly or yearly is no concern if you’re accumulating and have investments suitable for a five year or longer horizon

5 I'm praying for more drops

6 do check that you're in suitable funds and the fees aren't ridiculously high.

artyboy

You seem to have a very low risk appetite, which combined with an obsession for constantly checking the value of your pension, really isn't going to do your stress levels any good. So either:

1) Stop checking, accept there are ups and downs, and chill out; or
2) Move your entire pension into cash or money market funds - yes it's definitely going to lose value to inflation, but at least you can sleep easy knowing that the 'headline' balance figure is unlikely to ever go down...

garyelder

Not really I’m retired I don’t need my pension for 4/5 years but just don’t like seeing it dropping again it’s been like this for the last 18 months 
If it was doing well I may have taken a lump out for pleasure 

Pat38493

A lot of pension funds have had significant drops in the last couple of years.

Last week my funds also dropped by a percent or two but it's not a big deal as they are long term investments.

R_P_W

garyelder said:

Is it only me whose pension pot has dropped about 1.5% this week 
it seems to me no one knows what’s round the corner anymore 

Investments go up and down.  You already know that?!  Are you planning to post your weekly ups and downs?  Because that will be tedious at best for everyone.

OldMusicGuy

I suggest you read up about sequence of returns risk. It's a potential issue in the early years of retirement, especially when you switch from accumulation to decumulation. You need to adjust your strategy so that you are comfortable that you won't be too badly affected by poor periods of investment performance in the early years of retirement.

I am very risk averse so I held a good chunk of my SIPP as cash when I retired so that I didn't have to sell in a falling market. I've now been retired 5 years and that's helped navigate the ups and downs of recent years. I recently took out an annuity at 65, using half of my SIPP. I hadn't intended to use annuities until I was much older but the rates were so good that it made sense for a risk averse person like me. I now have half of my SIPP invested for the long term (10 years plus) so I don't have to worry about short term ups and downs.

 

Tax_Slave

My pension fund also dropped.
Bond prices dropped heavily after the markets considered 7% interest rates by end of year are a possibility.
Once interest rates start to come down over next 3 years bond prices will increase and pension funds will recover.

barnstar2077

Crystal ball time.  I am predicting that once there is some kind of resolution to the conflict in Ukraine, food and fuel prices will reduce and there will be an air of optimism that will see twenty percent gains over the following year, once the war is over.