The big question indeed.
I don’t take much notice - and certainly don’t worry about - day to day movements in prices and work on a min 5 year time horizon. I do a monthly revaluation of our stuff…….sometimes it’s up, sometimes it’s down (mostly relentlessly up for the last year or more) so when I get round to it the carnage and bounce will be somewhat smoothed out
Well done u….takes some nerve …..I did juggle a few positions on Monday …trimming a few positions so I could take advantage of falls on that day and today, were they good buys …time will tell….still some cash in my stocks/shares isa for future possibilitiesI don’t take much notice - and certainly don’t worry about - day to day movements in prices and work on a min 5 year time horizon. I do a monthly revaluation of our stuff…….sometimes it’s up, sometimes it’s down (mostly relentlessly up for the last year or more) so when I get round to it the carnage and bounce will be somewhat smoothed out
I actually got the timing right for once, cashed in a chunk as I needed it for upcoming expenditure a few weeks ago……might have to delay the spending and put it back in
Won’t switching funds just crystallise the losses whilst protecting against further falls but missing out on any upturn?
Similar financial situation but have enough cash for a year or so and we both have a decent State Pension, having deferred for 5 years until Covid.. I am sticking it out…with reservations. Cash Isas with a fixed return will be the first port of call if things stay bad or get worse.
Thanks. Yes it’s a gamble with you not knowing what has already been factored in the price. Sitting tight is often the best strategy with most of the falls being a reaction to the general malaise
Yes, sit tight and leave your money (and management fees) with them!
My last line manager before retirement is currently their CEO. I haven’t asked him for advice, but I know it would be “do whatever you want, they are paying me a shedload”
I know I can get a better deal elsewhere, but I just love the platform. I can't say I've tried anyone else in earnest as a customer, but having spent the latter part of my career testing out the back office functionality and front-ends of pension companies, I can say that once you find a good pension platform that you trust, stick with it, no matter what the cost.
An orchestrated 'keep calm' email campaign? That's the sort of thing they do in Russia isn't it?
What’s been ‘wiped out’ are recent (12-24 months) gains in most cases so not actually material if you’re taking a long term view. If you don’t need to sell (access the funds) now most advisors will tell you to sit tight and wait for the recovery. It’s virtually impossible to sell at the top of the market and buy at the bottom and even this ‘carnage’ is a once-in-5-years type of thing imo.