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

wjr4

badmemory said:

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.

He has at least 10 years until he can access the pension then. You shouldn’t be worrying then. 

Cobbler_tone

For the ‘experts’ who say that markets will always go up and down, would it be fair to say the movements of the past week have been unprecedented in terms of volatility? Genuine question.

GenX0212

Cobbler_tone said:

For the ‘experts’ who say that markets will always go up and down, would it be fair to say the movements of the past week have been unprecedented in terms of volatility? Genuine question.

No expert, in fact the complete opposite but in my limited understanding the one thing the markets hate above all is uncertainty. The USA has the great orange king of uncertainty.

Universidad

Cobbler_tone said:

For the ‘experts’ who say that markets will always go up and down, would it be fair to say the movements of the past week have been unprecedented in terms of volatility? Genuine question.

Definitely not. 

However the political situation underpinning it represents a big shift in international relations which is not likely to go back to "normal" any time soon.

Also no expert, and also not keen to talk about the politics of it - other than to note this shift is significant.

Hoenir

Cobbler_tone said:

For the ‘experts’ who say that markets will always go up and down, would it be fair to say the movements of the past week have been unprecedented in terms of volatility? Genuine question.

Never experienced a circus before. 

barnstar2077

Hoenir said:

GenX0212 said:

Cobbler_tone 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. 

Never a truer word said.  Imagine needing to build a billion dollar factory in the US in order to avoid tariffs, not knowing if Trump will change his mind a year from now, or if the next president will just undo everything anyway.

The uncertainty is affecting the markets, but it must be even more crippling to businesses decision making.

eastcorkram

Must be heading towards the highest one day gain on the Nasdaq. Lot of game playing going on. 

Sunnylifeover50plan

IvanOpinion said:

Looks like Trump has caved, for the time being - although he is trying to sell it as a win for his negotiating.

Absolutely, he changed the script, which he wrote, mid performance. He's lost control and the world has witnessed it. 

SpeedSouth

Hoenir said:

SpeedSouth said:

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. 

It's an all world tracker rather than a few different shares.

MetaPhysical

SVaz said:

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?  

Agreed.  It was largely you and a couple of others who convinced me to move £100k into a MM fund inside my pension to de-risk a month ago.  Thank god - no blasphemy intended - I followed that advice.