Interesting week for pension fund value

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81905632#Comment_81905632

The initial drop was big, but the recovery was very quick - 6 months ?

The dot.com crash took nearly 15 years to recover.

Veloflyer

https://forums.moneysavingexpert.com/discussion/comment/81905133#Comment_81905133

I wonder if this is what makes predications about the markets so difficult, impossible even? At least with some "events" one has a little prior notice. There seems to be hardly any notice at all for many financial disasters. I recall getting out of Woodford just in time due to blind luck. I read a very small article somewhere by total chance and decided to sell there and then. It tanked the following month or so.

ali_bear

We don't currently know if this is going to be short-lived and inconsequential, or something more serious.

Oil prices are in for a shock if the Iranians get their act together and start damaging important parts of the petroleum export industries. But there's a good chance they wont manage it.

Roger175

As part of my on-going de-risking strategy following retirement a year or so ago, I sold last week circa £40k of BAE shares (since up about 4%), so that was potentially a mistake, but I was up over 500% on purchase and they were originally bought for the dividend, so overall very happy. Also I sold £25k of FTSE All-share tracker, which is since down a few %, so hopefully a good decision.

Money now partly in short term money market fund and short duration bond fund, so all part of my 'sleep easier at night' strategy. We've won the game, so happy to bag the gain, we don't need to keep chasing more returns.

Cobbler_tone

Another 9% to go to wipe the past three months from the FTSE.

I put enough cash (that I plan to draw) until April 2028 some time ago, even then I can resist if things are 'bad' by that point. It's been a bumper 12 months and still paying in.

We could probably all do without the uncertainty….and most the importantly, the war!

m_c_s

Gilts taking a hammering now. 10yr gilt now up 0.2% in just 2 days nearing 4.5% again. Could be another buying opportunity for the brave to lock in better longer duration returns. Although UK domestic politics could also be playing apart in the current sell off.

US treasuries also rising on inflation worries. This could be a big headache for central banks and rate setting decisions for next few months.

Veloflyer

I was seriously considering exchanging my equity-based pension pot - which has since dropped about 3% - for an ILG ladder. Methinks I should wait a bit…..

Cobbler_tone

It's only Tuesday but it looks like we might see a move up this weekly chart.

Veloflyer

https://forums.moneysavingexpert.com/discussion/comment/81907706#Comment_81907706

Perhaps, but perhaps not……I'd tend to agree, but as long as it comes back within a month or so…answers on a postcard……

GenX0212

Not that I know anything but I think the markets are less reactionary to these types of events following Ukraine and the previous Israel/Iran twelve day war. Hopefully this one doesn't last too long and things settle down quickly