Do nothing.Sorry thought I put that in, Im 44. No plans to retire before 65 as it stands.
Assets wise I have my house.
I know Im trying to guess the markets and world economics but I was thinking short term it might be a better bet to ease any potential craziness
Can you tell me when you are going to get back into the market? You know someone doesn't ring a bell when it hits the bottom? It is likely to go up and back down again. But the biggest bounce will be at the start but you won't be in the market because you want to be sure that it is a recovery.I know Im trying to guess the markets and world economics but I was thinking short term it might be a better bet to ease any potential craziness
Currently you own a tiny % of global equities. The value goes up and down but your % stays the same.What are the pro's and cons of putting my current pension pot into a cash fund?
I wouldn't be trying to time the market more looking to protect the lump sum that I have in the pot already so it doesn't take too big a hit over the next 6 to 12 months.
too big a hit over the next 6 to 12 months
Folks try to time the market all the time - that doesn’t make it a good idea.Like I said a few have already done this but I would rather do some research than a knee jerk reaction
Far more money has been lost by investors trying to anticipate corrections than in all corrections combined.
What makes you think that professional money managers don’t watch the news?IWorst case scenario, a very sharp recovery suddenly happens and you dont have time to react. But if youre studying the economy, news, markets then youre mitigating this risk to an extent.
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