Hi,
I have a PRSA value €225K which was setup in 2012 as a result of me leaving employment and opening up a PRSA to invest my accumulated pension contributions.
Since opening there has been no return on this investment which considering the movement in the market over the past 6 years seems very poor performance.
I am considering changing the investment. The current investment is split 50/50 between GARS fund and a multi asset portfolio.
I am age 43 and have another pension with existing employer which I am paying 19% contribution into.
My question is at my age should I be conservative with the PRSA or move into more equity exposure with a higher risk rating?
The return on the PRSA has been very poor but I am also concious of the potential for a correction in the markets soon. Should I be worried about this or think of a 15-20 year horizon?
I have a PRSA value €225K which was setup in 2012 as a result of me leaving employment and opening up a PRSA to invest my accumulated pension contributions.
Since opening there has been no return on this investment which considering the movement in the market over the past 6 years seems very poor performance.
I am considering changing the investment. The current investment is split 50/50 between GARS fund and a multi asset portfolio.
I am age 43 and have another pension with existing employer which I am paying 19% contribution into.
My question is at my age should I be conservative with the PRSA or move into more equity exposure with a higher risk rating?
The return on the PRSA has been very poor but I am also concious of the potential for a correction in the markets soon. Should I be worried about this or think of a 15-20 year horizon?