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Will recent "events" cause a rethink of DC pensions?

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  • wjr4
    wjr4 Posts: 1,306 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    badmemory said:
    I am sitting with fingers crossed as my sons DC pension took a 10% hit between 4th & 8th April.
    Why are you worried about your son’s pension? How old is he?
    I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper

    I'll leave it in 100% equities for now.


    Equities is a broad generalisation. How your portfolio is constructed will determine the ultimate outcome. Those in the Dot Com era who held the "tech stars"  suffered 90% losses. While investors with boring defensively orientated portfolio's came through relatively unscathed. Horses for courses. 
  • badmemory
    badmemory Posts: 9,564 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    wjr4 said:
    badmemory said:
    I am sitting with fingers crossed as my sons DC pension took a 10% hit between 4th & 8th April.
    Why are you worried about your son’s pension? How old is he?

    He is mid 40s & lives with me & it was me who put the last bit of money in.  I am trying to make sure he will be alright once I pop my clogs & his meds make him a bit oh alright never mindish.  I want him to have enough in there so that if what happened to mine happens to his it will not be a serious problem.
  • Cobbler_tone
    Cobbler_tone Posts: 1,027 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    A lot of flip flopping going on. I said it was exciting.
  • GenX0212
    GenX0212 Posts: 155 Forumite
    100 Posts First Anniversary Name Dropper
    A lot of flip flopping going on. I said it was exciting.
    Exciting is probably not the word most of us would use. Annoying, Worrying, Baffling, Ill-judged, Stupid etc etc
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 9 April at 7:01PM
    GenX0212 said:
    A lot of flip flopping going on. I said it was exciting.
    Exciting is probably not the word most of us would use. Annoying, Worrying, Baffling, Ill-judged, Stupid etc etc
    For anybody running a business. Totally soul destroying.  No one is going to commit to buying or building anything not knowing what the price/cost will be tomorrow, next week or in 12 months time. 

    Needs to devote his attention to China who already seem to have a well prepared financial gameplan. 
  • SVaz
    SVaz Posts: 548 Forumite
    500 Posts First Anniversary
    It really should be viewed as a valuable lesson to everyone who decided to manage their own portfolio,  
    I must have seen dozens of posts on different fora from people shocked/ panicked by the events, who are retiring imminently and had no idea they should have derisked / had a plan / had a more balanced portfolio.
    It didn’t seem to occur to any of them that they would have to sell investments and hold cash in order to be able to draw an income. 
    Do they think it all happens by magic?  
  • Cobbler_tone
    Cobbler_tone Posts: 1,027 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hoenir said:
    GenX0212 said:
    A lot of flip flopping going on. I said it was exciting.
    Exciting is probably not the word most of us would use. Annoying, Worrying, Baffling, Ill-judged, Stupid etc etc
    For anybody running a business. Totally soul destroying.  No one is going to commit to buying or building anything not knowing what the price/cost will be tomorrow, next week or in 12 months time. 

    Needs to devote his attention to China who already seem to have a well prepared financial gameplan. 
    The new universal studios in Bedford? After all, no one will be able to afford to visit the States!
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    Hoenir said:
    GenX0212 said:
    A lot of flip flopping going on. I said it was exciting.
    Exciting is probably not the word most of us would use. Annoying, Worrying, Baffling, Ill-judged, Stupid etc etc
    For anybody running a business. Totally soul destroying.  No one is going to commit to buying or building anything not knowing what the price/cost will be tomorrow, next week or in 12 months time. 

    Needs to devote his attention to China who already seem to have a well prepared financial gameplan. 
    The new universal studios in Bedford? After all, no one will be able to afford to visit the States!
    No shortage of themes parks in the US already. 
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