Must have been 90% German bonds, 10% meme stocks
Do you think that we might see a post covid stock boom? I know a massive question everyone wants the answer to.
Volatility in funds has been crazy since last jan. Even for funds that have been historically very stable
You should see decent upside for the last 12 months?
It was actually dragged down a bit by sovereign bonds
I would be far from an expert in the markets but I wouldnt say so. More likely a correction of the booming markets of last few years
You must have it invested in v Conservative funds
I dunno what I have it invested in, its some kind of work group scheme
All joking aside No excuse for not knowing the Ins and outs of what is the biggest investment youl make in your life
Losing out on growth now becuase its in a poor fund choice could cost you hundreds of thousands by retirement
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It’s all swings and roundabouts.
My pension is 15 years old. My average return in that time is just over 4% a year. Not all that great when you look at it like that. Works out as just over 80% overall. Probably doing better in last few years than previously.
It’s all just a snowball rolling down a mountain. With a bit of luck it gathers pace and grows.
You work in finance by know fuck all about the markets, how much do you expect a lad working in IT to know about it, FFS.
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Surely his can improve just like ones that are flying now can go through the floor ? Is this not what happened loads of people 10 years ago? I knew lads who had to work past retirement age as there was nothing left for them …
I don’t work in finance.
You’re a farmer do you know about your pension?
I’m going to turn the farm into a golf club.
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It could. But if he hasn’t seen any growth recently in booming markets it suggests its in a Conservative fund thay is more suitable for older people in the years in run up to retirement (when you should take a cautious approach to avoid the scenario you mentioned above of people being left potless)
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The fees on private pensions are scary. I’ve a lump sum in a pension from an old job that just sits there waiting for me so the fees can’t be hidden.
How much are you paying… Iv one from an old job that is at 0.7% a year of the value of the fund
Jaysus. That’s low. I’m paying about 2 per cent. It’s a small enough pension from a place I was in a few years. Still Over 30 years that’s 60 per cent of the pot.
I saw in Sunday times that funds have really gone into the social housing market … What’s to stop different funds just buying cheap lands in one area and all of a sudden you have a ghetto …or is there rules around amount of social housing in an area ?
No idea really. You’d imagine the planners should be managing that but who knows