Profit taking from pension

[RichInSpirit]

I've only a tiny private pension by some standards.
2013 I switched 2 smaller pensions to another single pension company, and split it into various assets. And forgot about it. One sector is 80% up and another 60% up at the moment. Thinking of transferring these into a different sector at the moment. The only available sector that appeals to me at the moment is a hedge fund. I'm in my mid 40's.
Am I mad to consider Hedge funds ?

 

[Steven Barrett]

Leave it where it is and do nothing. Switching in and out of funds is where you lose money. There will be lots of ups and downs between now and when you retire. Go back to your "forgot about it" strategy. Look at it once a year.


Steven
www.bluewaterfp.ie

 

[RichInSpirit]

Thanks Stephen for replying, point taken on board.