When is going to be the best time to transfer SIPP?

freeisgood

What I meant by volatility is midterm elections in America and uk budget

Aylesbury_Duck

https://forums.moneysavingexpert.com/discussion/comment/82160386#Comment_82160386

And?

Sorry, I'm not being deliberately argumentative, I'm trying to make the point that it's all a guessing game, and if you delay decisions because of what's on the horizon or what you think is on the horizon, you'll never make those decisions. If the consensus was that those events were likely to cause falls in the market then falls would have happened already as people sell in a "panic". If the consensus is that markets will rise significantly then everyone would be piling in right now. No one knows, and when those events happen, there will undoubtedly be some rises, some falls and some indifference.

Edited to add: While typing this, the S&P500 hit a record high.

You said you will be investing for 12 more years, and I suspect that most of this money will remain invested for many more years, possibly decades, after that. In that context, worrying about what might happen in the next few weeks seems daft.

freeisgood

thank you for your reply, yes you are right. There would never be a good time so now is better than any other particular time.

dunstonh

currently with Polaris 4 ,st James’s place… want to ditch the expensive fees and go self managed.

That isn't a SIPP. Its a personal pension.

( i’m struggling to find any advice because there are only independent advisers who are interested in managing a fund, and not assisting me with a little guidance transferring my pot into something like Vangaurd) , I have been using AI for guidance.

IFAs are advisers. They are not there for guidance. Too much liability and work.

I had an acquaintance he said don’t do anything till the spring.. but apart from that, I’m really at a loss of what to do.

You can ignore him as his guidance has no merit.

DRS1

Maybe the acquaintance had misheard the old mantra

"Sell in May and go away

Come back on St Leger Day"

Albermarle

https://forums.moneysavingexpert.com/discussion/6685810/when-is-going-to-be-the-best-time-to-transfer-sipp

To add to what others have said. You can not predict anything as it is in the future. In any case stock markets have had regular bouts of volatility for the last 200 years and will have plenty of them in future.

What I meant by volatility is midterm elections in America and uk budget

How about Russia invading a small Nato country. Or Iran war kicking off a lot worse. Or China threatening Taiwan. Or most likely of all the AI bubble bursting - financial problems in the markets themselves tend to have a much bigger impact than global events. Plus for sure global stock markets are not going to react to a budget in the UK !

Regarding a pension transfer in cash. Although the whole process might take between a week and a month, you will probably be only out of the market for a few days at most, could be even just 48 hours, although you would have to quick to invest the cash once it arrived at II.

tetrarch

I had exactly the same dilemma when I moved my three SIPP pensions (with Standard Life, AJ Bell and Fidelity ) into ii

I took advantage of the cashback offer and that, together with the F&F discounts and the massively lower fees has saved me a fortune

I had to liquidate and transfer all my SIPPs with Fidelity and SL as in-specie transfers wern't possible. I was out-of-the-market for about two weeks as I recall. My personal opinion is that the market is far more likely to gap down than up, the counter to that is that this is, historically, a very volatile time of year and there is a ton of news out there that could move the market both ways

Regards

Tet

barnstar2077

https://forums.moneysavingexpert.com/discussion/comment/82161288#Comment_82161288

If the stock market is far more likely to go down than up, why are you investing? Assuming that is what you meant to write.

artyboy

https://forums.moneysavingexpert.com/discussion/comment/82160472#Comment_82160472

"Now" is always a good time to get out of SJP's clutches!

LHW99

https://forums.moneysavingexpert.com/discussion/comment/82162281#Comment_82162281

Same as they say about planting a tree 😉