Switch pension from Aviva to ii

cfw1994

ali_bear said:

Ignoring the last couple of days, are we not at an all-time high right now? And that is the problem - with the looming debt crisis markets are looking a bit shaky. 

Which all-time high?

There is always a new all-time high round the corner.  With a few bumps in the road, of course 🫣

ali_bear

If I remember correctly the OP was talking about waiting for an all-time high before making a trade. 

dont_use_vistaprint

cfw1994 said:

ali_bear said:

Ignoring the last couple of days, are we not at an all-time high right now? And that is the problem - with the looming debt crisis markets are looking a bit shaky. 

Which all-time high?

There is always a new all-time high round the corner.  With a few bumps in the road, of course 🫣

I don’t think you understand the concept that most stocks spend most of their time at or very close to an all-time high. it’s not a very difficult concept to understand. It’s how markets generally work the line goes from the bottom left to the top right.


thanks everyone for the input on this thread. Everything is completed now and I’m pleased to say with the cashback on the switch I’m about £2500 up, I think it was a bit of luck to be honest the timing of everything I didn’t like not being in full control of buys and sale prices but converting into cash and waiting a few days was absolutely the right thing to do and ii and Aviva were both brilliant and fast 

Pat38493

dont_use_vistaprint said:

cfw1994 said:

ali_bear said:

Ignoring the last couple of days, are we not at an all-time high right now? And that is the problem - with the looming debt crisis markets are looking a bit shaky. 

Which all-time high?

There is always a new all-time high round the corner.  With a few bumps in the road, of course 🫣

I don’t think you understand the concept that most stocks spend most of their time at or very close to an all-time high. it’s not a very difficult concept to understand. It’s how markets generally work the line goes from the bottom left to the top right.


thanks everyone for the input on this thread. Everything is completed now and I’m pleased to say with the cashback on the switch I’m about £2500 up, I think it was a bit of luck to be honest the timing of everything I didn’t like not being in full control of buys and sale prices but converting into cash and waiting a few days was absolutely the right thing to do and ii and Aviva were both brilliant and fast 

Not according to this
https://www.bespokepremium.com/interactive/posts/think-big-blog/sp-500-percent-of-time-at-new-highs
"This week joins the 7% of days that have seen the S&P 500 hitting record highs.  That is the third largest share behind the 12% of days in which the index has been within 1% of a record high and the 8.5% of days when it is 1% to 2% below a record close.  Expanding out a bit more, the S&P 500 has spent 44% of trading days since 1952 within 5% of an ATH compared to just 40.5% of the time when the index has been down 10% or more from an ATH."
(article from Jan 2024)