Hi,
I invested €36,500 in a Zurich retirement bond in April 2007 when I left the pension scheme of a previous employer. I'm 36 now. The premium is split between their Balanced Fund (30%) Irish Equity (33%) Eurozone Property (35%).
All of the funds are below their 2007 values, the Balanced Fund by less than 10% (a recovery from a 40% drop), the Eurozone Property by 35% (recovered from 70% drop) and the Irish Equity is 65% less (a very slight recovery from a 75% drop). This means the current value of the funds are Balanced €9,685, Irish Equity €4,072, Eurozone Property €7,691.
Rather than switching when the funds dropped in value, I stuck it out and waited for a pick up. Having given it a year or two, I wonder whether I should continue to hang in there? I don't think the Irish Equity is expected to improve much in the medium term.
The list of fund choices that I could switch to is here [broken link removed]
Thanks, GM
I invested €36,500 in a Zurich retirement bond in April 2007 when I left the pension scheme of a previous employer. I'm 36 now. The premium is split between their Balanced Fund (30%) Irish Equity (33%) Eurozone Property (35%).
All of the funds are below their 2007 values, the Balanced Fund by less than 10% (a recovery from a 40% drop), the Eurozone Property by 35% (recovered from 70% drop) and the Irish Equity is 65% less (a very slight recovery from a 75% drop). This means the current value of the funds are Balanced €9,685, Irish Equity €4,072, Eurozone Property €7,691.
Rather than switching when the funds dropped in value, I stuck it out and waited for a pick up. Having given it a year or two, I wonder whether I should continue to hang in there? I don't think the Irish Equity is expected to improve much in the medium term.
The list of fund choices that I could switch to is here [broken link removed]
Thanks, GM