[Misc] Retirement

[Eric the meek]

Do you think now’s the time to invest or will the damage from Trump and a “60% chance of a recession” mean the falls have a long way to go? The big question.

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The big question indeed.

My Dad used to say 'if you can't decide what to do, decide to do nothing'.

Having neither bought nor sold since last week, I must be in the hold camp.

I would draw your attention again to the Nasdaq. It's now 11.38% up on the day. Obviously any moment to buy has passed, but that's some relief bounce.
While I echo your concerns about the fundamentals, that sentiment of the Americans is something to behold.

 

[dazzer6666]

The big question indeed.

My Dad used to say 'if you can't decide what to do, decide to do nothing'.

Having neither bought nor sold since last week, I must be in the hold camp.

I would draw your attention again to the Nasdaq. It's now 11.38% up on the day. Obviously any moment to buy has passed, but that's some relief bounce.
While I echo your concerns about the fundamentals, that sentiment of the Americans is something to behold.

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

 

[LamieRobertson]

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 possibilities

 

[Weststander]

The big question indeed.

My Dad used to say 'if you can't decide what to do, decide to do nothing'.

Having neither bought nor sold since last week, I must be in the hold camp.

I would draw your attention again to the Nasdaq. It's now 11.38% up on the day. Obviously any moment to buy has passed, but that's some relief bounce.
While I echo your concerns about the fundamentals, that sentiment of the Americans is something to behold.

Moments to sell have passed. You’ll be okay in waiting to buy. These mini peaks will come and go. Worth having a look at the 2000, 2007, 2020 bear market graphs, things didn’t bottom out after 4 days giving a once only opportunity to buy at the bottom. The troughs lasted a while.

 

[dazzer6666]

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 possibilities

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

 

[Doonhamer7]

I’m keeping with my normal buy small and steady each month

 

[nickbrighton]

I "retired" after being made redundant several years ago, and have managed my redundancy payment and a small legacy to support whatever financial needs I have had. The plan was that that would last me until drawing my work pension, although I had a contingency in ISAs and personal pension cash pots from previous employments, some of which I had just started the process to cash in to see me through the last 2 years before my work pension starts paying me. Luckily the work pension is a final salary scheme so isn't affected by stock market crashes

Well the past week has wiped out over £15K from my pension pot and ISA, so I am now in a bit of a quandry, do I cash in now and get a lot less than I would have a week ago, or leave it, in the expectation that the ISA and Pension pot will regain most of the losses over the coming few months. I can afford to leave things for a few months, but at some point I will need to draw on the ISA or Pension pots. Luckily I hadnt submitted any paperwork so although reduced, I can hold off till hopefully they recover a bit

Thanks to Trump, my long careful planning has been thrown for a loop again , having only just recovered from Ukraine and Truss wrecking similar havoc a few years ago.

 

[Weststander]

I "retired" after being made redundant several years ago, and have managed my redundancy payment and a small legacy to support whatever financial needs I have had. The plan was that that would last me until drawing my work pension, although I had a contingency in ISAs and personal pension cash pots from previous employments, some of which I had just started the process to cash in to see me through the last 2 years before my work pension starts paying me. Luckily the work pension is a final salary scheme so isn't affected by stock market crashes

Well the past week has wiped out over £15K from my pension pot and ISA, so I am now in a bit of a quandry, do I cash in now and get a lot less than I would have a week ago, or leave it, in the expectation that the ISA and Pension pot will regain most of the losses over the coming few months. I can afford to leave things for a few months, but at some point I will need to draw on the ISA or Pension pots. Luckily I hadnt submitted any paperwork so although reduced, I can hold off till hopefully they recover a bit

Thanks to Trump, my long careful planning has been thrown for a loop again , having only just recovered from Ukraine and Truss wrecking similar havoc a few years ago.

@dazzer6666, @LamieRobertson and virtually every advisor would absolutely say take no action now otherwise you’re crystallising those Trump losses.

Are you able to switch funds at no cost?

 

[timbha]

@dazzer6666, @LamieRobertson and virtually every advisor would absolutely say take no action now otherwise you’re crystallising those Trump losses.

Are you able to switch funds at no cost?

Won’t switching funds just crystallise the losses whilst protecting against further falls but missing out on any upturn?

 

[Flounce]

I "retired" after being made redundant several years ago, and have managed my redundancy payment and a small legacy to support whatever financial needs I have had. The plan was that that would last me until drawing my work pension, although I had a contingency in ISAs and personal pension cash pots from previous employments, some of which I had just started the process to cash in to see me through the last 2 years before my work pension starts paying me. Luckily the work pension is a final salary scheme so isn't affected by stock market crashes

Well the past week has wiped out over £15K from my pension pot and ISA, so I am now in a bit of a quandry, do I cash in now and get a lot less than I would have a week ago, or leave it, in the expectation that the ISA and Pension pot will regain most of the losses over the coming few months. I can afford to leave things for a few months, but at some point I will need to draw on the ISA or Pension pots. Luckily I hadnt submitted any paperwork so although reduced, I can hold off till hopefully they recover a bit

Thanks to Trump, my long careful planning has been thrown for a loop again , having only just recovered from Ukraine and Truss wrecking similar havoc a few years ago.

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.

Thoughts from those with financial acumen?

 

[Weststander]

Won’t switching funds just crystallise the losses whilst protecting against further falls but missing out on any upturn?

At the end of the day it’s all a gamble, whether it’s a so called experts or us. The prices have built in all the theories of all the experts who make this their entire lives. An example is them saying quick buy Chinese equities, quick buy European equities, quick buy bonds.

For you, if there are some funds that may now look like long term lemons, if you can switch at no cost to other equities funds that look less vulnerable to Trump’s recking ball but leave you part of the game if this was just a correction followed by a bull market.

 

[Weststander]

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.

Thoughts from those with financial acumen?

@dazzer6666 really good on all this, a cool head with a City background.

 

[timbha]

At the end of the day it’s all a gamble, whether it’s a so called experts or us. The prices have built in all the theories of all the experts who make this their entire lives. An example is them saying quick buy Chinese equities, quick buy European equities, quick buy bonds.

For you, if there are some funds that may now look like long term lemons, if you can switch at no cost to other equities funds that look less vulnerable to Trump’s recking ball but leave you part of the game if this was just a correction followed by a bull market.

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

 

[Eric the meek]

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

Today I received an email from my platform provider, Hargreaves Lansdown. In that email, there was advice from the billionaire and major shareholder of HL, Peter Hargreaves. His advice was to er, 'sit tight'.

Make of this what you will.

I am sitting tight, but not because Peter Hargreaves has advised me to.

 

[timbha]

Today I received an email from my platform provider, Hargreaves Lansdown. In that email, there was advice from the billionaire and major shareholder of HL, Peter Hargreaves. His advice was to er, 'sit tight'.

Make of this what you will.

I am sitting tight, but not because Peter Hargreaves has advised me to.

Yes, sit tight and leave your money (and management fees) with them!

 

[North of Robertsbridge]

I am sitting tight, but not because Peter Hargreaves has advised me to.

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”

 

[Eric the meek]

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.

 

[Weststander]

Today I received an email from my platform provider, Hargreaves Lansdown. In that email, there was advice from the billionaire and major shareholder of HL, Peter Hargreaves. His advice was to er, 'sit tight'.

Make of this what you will.

I am sitting tight, but not because Peter Hargreaves has advised me to.

AJ Bell sent a subtle version of keep calm email. Guessing because mass selling of bonds based funds might cause an issue?

 

[Eric the meek]

AJ Bell sent a subtle version of keep calm email. Guessing because mass selling of bonds based funds might cause an issue?

An orchestrated 'keep calm' email campaign? That's the sort of thing they do in Russia isn't it?

 

[dazzer6666]

I "retired" after being made redundant several years ago, and have managed my redundancy payment and a small legacy to support whatever financial needs I have had. The plan was that that would last me until drawing my work pension, although I had a contingency in ISAs and personal pension cash pots from previous employments, some of which I had just started the process to cash in to see me through the last 2 years before my work pension starts paying me. Luckily the work pension is a final salary scheme so isn't affected by stock market crashes

Well the past week has wiped out over £15K from my pension pot and ISA, so I am now in a bit of a quandry, do I cash in now and get a lot less than I would have a week ago, or leave it, in the expectation that the ISA and Pension pot will regain most of the losses over the coming few months. I can afford to leave things for a few months, but at some point I will need to draw on the ISA or Pension pots. Luckily I hadnt submitted any paperwork so although reduced, I can hold off till hopefully they recover a bit

Thanks to Trump, my long careful planning has been thrown for a loop again , having only just recovered from Ukraine and Truss wrecking similar havoc a few years ago.

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.

Anyone panicking about the current volatility probably shouldn’t be holding much of a % their assets in the stock market.