Time to ditch my SAS SIPPS?

FlaatusGoat

I have a fairly solid 5 digit sum investing in Vanguard products. They're doing okay, but....it's been pretty pedestrian since Covid / Invasion of Ukraine / Economic jitters. I know ultimately only 'I' can decide but is it now high time to be looking at selling my assets and instead dropping my pension into a high-interest pension account (or equivalent) I am of course well below retirement age. If Yes any recommendations?

ColdIron

What's a 'high-interest pension account'?

El_Torro

One important thing to remember is that there’s always plenty on a global scale to worry about. There’s plenty of evidence to show that your investments are about to come crashing down around you. This is true today, was true yesterday, and has been true since the stock markets first existed. What’s also always been true is that if you are globally diversified then over the long term (10 years or more) stock market investments do well. Certainly a lot better than putting your money in cash. 

Bostonerimus1

FlaatusGoat said:

I have a fairly solid 5 digit sum investing in Vanguard products. They're doing okay, but....it's been pretty pedestrian since Covid / Invasion of Ukraine / Economic jitters. I know ultimately only 'I' can decide but is it now high time to be looking at selling my assets and instead dropping my pension into a high-interest pension account (or equivalent) I am of course well below retirement age. If Yes any recommendations?

So how did you arrive at your current asset allocation? What is your asset allocation? What do you mean by "pedestrian"?

You should certainly be taking advantage of high interest saving opportunities with your spare cash, but for long term investing you should probably be in a mix or equities and bonds. 

Doctor_Who

FlaatusGoat said:

I have a fairly solid 5 digit sum investing in Vanguard products. They're doing okay, but....it's been pretty pedestrian since Covid / Invasion of Ukraine / Economic jitters. I know ultimately only 'I' can decide but is it now high time to be looking at selling my assets and instead dropping my pension into a high-interest pension account (or equivalent) I am of course well below retirement age. If Yes any recommendations?

If you have many years before you need to access the money in your SIPP then it should stay invested in a mix of equities and bonds to match your risk profile. There are ways to hold cash or cash-like investments in a SIPP and earn around the BoE base interest rate, but I only use these for the money I need access to in the next couple of years.

dunstonh

. They're doing okay, but....it's been pretty pedestrian since Covid / Invasion of Ukraine / Economic jitters.

An economic cycle is around 15 years nowadays.   In that cycle, markets will give you very good years through to very bad years.     You average out the ups and downs to give you the long term return.     Investments do not do pedestrian returns.    

Pulling out after one negative year is not the thing to do.  Approx 1 in 5 years is the ratio of negative to positive years.   

If you are contributing regularly then a negative period is a good thing.  Not a bad thing.