To cover your the hit or to take advantage of the gains when they happen ?Any advice?
Ramp up your pension contributions…
If its okay I'll give my tuppence.As well as taking on board the advice you're being given (I agree with Gordon) it can be helpful to understand *why* you're feeling the way you do.
I would sum it up as: people know they should buy low and sell high when investing, but your instincts will often lead you to do the opposite, you will feel euphoria when things are going good and want to pile in more (which can lead to buying into bubbles) and feel like quitting when things have gone down even though this is the time to 'buy low'.
To start with one would need to know what exactly what the allocation are and how well it is tracking the benchmark mark. And in addition, the asset allocation for your total wealth. Only then can you figure out your total exposure and make decisions on rebalancing.I’m 8 years out from retirement. My pension has dropped from 860k to 710k in the last couple of years. It’s split between medium and high risk. Rang the pension advisor who manages the pension fund at the beginning of the year when it started to lose value to ask should I move to low risk. The advice I got was to hold tough and to ride it out, it’s impossible to know when it will rise and I’d miss out on an upward swing. He told me there was little difference between the medium and high risk and the fund was being managed. It will gain value over the long run. I’m feeling nervous. Any advice?
So far from what date or compared with what?My pension fund is down about 12% so far
My pension fund is down about 12% so far ,its all in equities and higher risk profile mixed asset funds. How are other people getting on?
I don't understand this. 'Items that you want and need.' Does this relate purely to the pension?Items that you want and need have become substantially cheaper. In any other walk of life, you’d buy more.
Items on sale and you buy more than you need right now because they are going cheap.I don't understand this. 'Items that you want and need.' Does this relate purely to the pension?
From the start of the yearSo far from what date or compared with what?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?