Worried about low value

[Poormans]

Hi all,

I started a pension 5 years ago and as of today my contributions amount to €24K and the value of my pension is €25K. Is this really bad? Thanks

 

[DerKaiser]

No.

1) I presume you paid less than the €24k out of your net pay due to tax relief

2) We've been in a low inflation environment over the past 5 years so you're roughly maintaining the real value of your money

3) We've been through some serious stock market turbulence and you've come away unscathed. If you can't stand the thought of losing money consider yourself lucky and switch to a risk free fund now, otherwise keep going as you are.

 

[Poormans]

Thanks DerKaiser, I feel reassured now, 25% is still stuck in Property fund so should prob get out of that asap.