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Timing the market?

IamWood
IamWood Posts: 433 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Pensions, annuities & retirement planning
My pension is down about 8%.

Is it the time to purchase more?  :#

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Comments

  • Hoenir
    Hoenir Posts: 6,731 Forumite
    1,000 Posts First Anniversary Name Dropper
    Possibly an opportune moment to review your portfolio as a whole. Revisit your original thinking as to the allocations you decided to make. Easy to follow the herd in a bull market and go with the momentum. Less so when the herd stampedes for the exits. Uncertainty kicks in. 
  • Bravepants
    Bravepants Posts: 1,630 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
     Do you not contribute monthly automatically anyway?
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • Cobbler_tone
    Cobbler_tone Posts: 783 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    I’ve left my DC investment in the default target date plan and switched all future contributions to a cash plan. I’ve got 18 months to ride out and the perfect time to be thankful for a DB backbone! 
  • QrizB
    QrizB Posts: 16,728 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 10 March at 7:20PM
    IamWood said:
    My pension is down about 8%.
    Mine's up 1300% on the day. I think the Scottish Widows website is having a moment :D
    This morning it was saying ~£400k, which is more like what I was expecting it to say.
    More seriously, in principle I've got basic necessities covered for the first five years of retirement with a gilt ladder. Providing nothing catastrophic happens, I expect to be able to ride out the current US administration.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Albermarle
    Albermarle Posts: 27,136 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    IamWood said:
    My pension is down about 8%.

    Is it the time to purchase more?  :#

    It might be, than again it might not.
    Crystal ball time .
  • FIREDreamer
    FIREDreamer Posts: 930 Forumite
    500 Posts First Anniversary Name Dropper Photogenic
    Every cloud … 😂😂😂


  • michaels
    michaels Posts: 29,016 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes, I can confidently advise you to have sold to cash 4 weeks ago.  When to buy back in?  I will tell you in 5 years time.....
    I think....
  • Baldytyke88
    Baldytyke88 Posts: 436 Forumite
    100 Posts Name Dropper
    FIREDreamer said:
    Every cloud … 😂😂😂



    I like a gamble, but that particular stock will decline more.
  • Cobbler_tone
    Cobbler_tone Posts: 783 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    I’m sure Elon will be OK  :p
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