The Retirement Thread
2 lurkers |
174 watchers
5 Apr
11:43am, 5 Apr 2025
13,505 posts
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cathrobinson
Mine is diabolical and I’m in the process of moving the pot too, so perhaps the worst time to do a move.
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5 Apr
12:05pm, 5 Apr 2025
91,339 posts
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Diogenes
Same here re dreading checking it.
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5 Apr
12:10pm, 5 Apr 2025
2,086 posts
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Gromit
I also checked mine and I’m glad I don’t need to do anything with it at the moment .. I was advised it was a good time to increase my contributions as buying “credits” now they were cheap 🤷♀️ now idea how it really all works but I trust them 🤷♀️
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5 Apr
12:26pm, 5 Apr 2025
64,980 posts
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EvilPixie
Exactly Gromit If you don’t need it yet it’s ok as you buy more shares for your money so when things improve you pot has more in it If you are using it now it’s not good |
5 Apr
1:04pm, 5 Apr 2025
74,593 posts
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Velociraptor
And it's the start of a new ISA/SIPP contribution year so if this is just a blip rather than the start of a slide it might be quite conveniently timed. (Not looking at nest eggs and seeing chickens, though.)
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5 Apr
7:34pm, 5 Apr 2025
28,721 posts
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TROSaracen
Keeping your pot on drawdown takes most of the sting out of short term volatility. You are most vulnerable if you are imminently buying an annuity with the pot, as annuity rates follow the market and you are locked in at time of purchase. If you just drawdown then the balance gets evened out by good times and bad times. My DC pot has grown over last two years despite taking a monthly drawdown and a couple of lumps out. If this is a bad year it may fall, but they’ll be plenty of cash still in there to recover value when it pings back up. |
5 Apr
8:00pm, 5 Apr 2025
315 posts
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RiceandPeas
I had a look at my stocks and shares investment ISA this morning. Not the best start to the day.
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7 Apr
8:40am, 7 Apr 2025
1,890 posts
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Daz Love
Gromit - The advisor is right in that you will get more 'credits' as are cheaper. All funds have a unit price. If you contribute £100 per month and the unit price was £4, that month you would get 25 units, if the price goes down to £3 your £100 gets you 33.33 credits. Lets take those 2 months as an exampe, you have contributed £200 and you have 58.33 units. When (and it historically is when and not if) the prices goes back to £4, you have 58.33 units x £4 so £233.32 for your £200 investment. So you can get more for your money that you would have done a month a go (think of it as a sale!!!!!!!) The big unknown is the WHEN thing will go back, but if we knew that we wouldnt be here chatting about it! This is the 10 year chart for S&P index macrotrends.net You will see Covid on there and the drop that had. March 2020 it took the hit, Aug of that year it was higher than the pre-crash. As TRO says, if you need to purchase an annuity it would make a difference as your pot would be lower and therefore cant get as much. All about sitting tight. |
7 Apr
9:04am, 7 Apr 2025
18,647 posts
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jda
In the long run you actually gain from volatility if you invest steadily. But in the short term any dip is painful and worrying of course. Even the biggest dips usually recover in a few years though. Look up the last global crash in 2008. Of course that had govts trying to address the problem rather than explicitly setting out to create it. |
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7 Apr
9:30am, 7 Apr 2025
74,627 posts
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Velociraptor
Aye, time in the market rather than timing the market, etc. All the same, I'm not going to shift the entire sum I've got earmarked for investment for the new tax year today like I would if things were more stable. I'll sit on some of it to see what happens over the next few weeks. It's probably the last year I'll be able to put anything in because we're very good about recycling our pension income back into the economy. |
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