with my knowledge i wouldnt even try to time any markets,i hope to be in for the long term i am in approx.3 years now and am very happy with the returns,its just that i never saw drops in markets like that.i know it happened in 2001 but didnt experience that myselfTiming the market is a mug's game. If you're invested for the long term then forget about such volatility and wait until you need the money. If you're not invested for the long term then perhaps you should not be in equities?
hi,being a novice when it comes to stocks and shares i was wondering if whats happening to the markets today is a "crash" or is it a "correction" of the markets and is it something that could continue as i have money invested with quinn funds,would it be better to transfer the money in to one of the safer options that they provide
but cashing in at a low seems like a pretty poor idea (the futility of trying to time markets notwithstanding).
Well, the part you're putting into the pension will be buying in at a low too, assuming you go into an equity-based product. To the extent that you're buying and selling in the same market, you shouldn't be any worse off, provided you can keep the interval between cashing in the SSIA and making the pension investment as short as possible.
I won't stick with the EBS simply to avoid their exit charge - smacks of bully-boy tactics to me.
You might want also to bear in mind that EBS are imposing an additional 0.7% exit charge on some of their funds because of all the SSIA accounts being cashed in at present.
gonk. Are you sure about your facts here. I checked with a friend working in the EBS there yesterday and he said this wasn't happening and that the indo article the other day was the first he heard of it. I have to wonder if it is the usual less than perfect reporting by the indo. (in fact he said that there were no instructions to charge people coming out of equity funds nor have they done it to date)
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