Should I move from cash into the stock market?

C

Cricketer

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We're debt-free, retired public servants in our late 50s. No dependents.

At present (excluding the family home), we've 50% State Savings, 27% cash (doing more or less nothing) and 23% equities. Not particularly interested in buying another property. Do we add to our investment in equities now or hold in cash for another while? Or is this just trying to time the market? Investment time frame 8-10 years.

What do you think?
 
Presumably you’re drawing down nice defined benefit pensions?

Why is your time-frame only 8-10 years?

That equity allocation looks far too low.
 
Gordon,

Thank you, yes we have good defined-benefit pensions.

Indulge me: 250k State Savings, 115k equities, 135k cash. 8/10 year time-frame. Would you transfer 30k from cash to equities this month?
It's fun to speculate, I have little else to be doing!

Anyone else any thoughts?
 
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As retired public servants you really should not be so concentrated. Your pension and your state savings depend on the continued solvency of the Irish Exchequer.

You should move the State Savings Certs into something else.

This risk is small but the consequences would be severe.

Brendan
 
Cricketer said:
It's likely that there will be large expenses around then (children's weddings, significant refurbishment of PPR).
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And what % of your asset base (excluding your home) are these expenses likely to use up?

Do you ‘save’ as things stand?
 
Hmmm...I’d increase the equity allocation to 50%. Presumably you’d lose out by accessing the State Savings? I’d also invest the €800 a month in equities also.

It’d be helpful to know how much we’re talking about here though; is it €50k,€100k, €250k, €500k, or €1m for example?
 
Cricketer said:
Asset base €500k excluding our home.
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Okay, so:

- You’ve €250k in State Savings
- You’ve €125k in cash
- You’ve €125 in equities
- You’re saving €10k a year
- You’ll need €300k in 8-10 years’ time

Yes, I think I’d invest the €125k of cash in equities plus the €10k a year.
 
Cricketer said:
I am mulling over a €30k transfer. While I am dithering, you're investing the lot.
Suppose the clue's in the name. ;)

Thanks for your opinions GG.
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I’m not though...“I” still have a quarter of a million in State Savings!
 
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I am considering moving State Savings to Accumulating ETF's
SLMJ or VUAA for the USA
SXRW for the UK
VERE for Europe
VGEK for Asia Pacific
VWCE or 2B7K for the World
These being the lowest TER and all available on DeGiro
 
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