pensions

[Cousin Jack]

That FTSE based one....what the heck happened there?

The lowest in recent years has been about 3500 (2009) you'd have had to buy in at 24500 to lose 6/7ths and it's never been above 8000! Must be some corking dealing charges!!

What happened was the dot-com bubble burst.

Perhaps my memory is faulty too, it was a long time ago, but my recollection was that the techy one was less than £1k, so we left it alone to see what happened. The other fell to an eye-watering value ( my memory says a bit over £1k but I know we sold it when it recovered to about £3-£4k). The techy one has changed names/companies several times but is now worth about £8k. It is now in profit, but the annual rate doesn't look too clever.

[Mr. Dazzle]

Some of my funds have dropped 20% since the start of 2022, its been a right shit storm!

The very worst thing I could do would be to change them now though. I haven't actually lost any money yet, that only happens if I'm foolish enough to sell.

Wind turbines are doing pretty well though

[Count Steer]

Some of my funds have dropped 20% since the start of 2022, its been a right shit storm!

The very worst thing I could do would be to change them now though. I haven't actually lost any money yet, that only happens if I'm foolish enough to sell.

Wind turbines are doing pretty well though

I used to do a monthly summary of all financial holdings. I stopped doing it in January.

(I don't plan to sell anything and am waiting a while before buying anything so why myself? Might do a yearly summary at financial Y/E).

[Mr. Dazzle]

I'm just curious more than anything! Plus there's a app for it, like everything else.

I set myself the rule that I only change where my pension payments go once every year, unless something really drastic happens in the news.

[Count Steer]

I'm just curious more than anything! Plus there's a app for it, like everything else.

I set myself the rule that I only change where my pension payments go once every year, unless something really drastic happens in the news.

If you're paying in monthly you're buying on the dip too so ideally you'd hope the markets stay low while you buy, and rise from retirement onwards. That'd be nice.

[Mr. Dazzle]

Yeah that's the one...I'm buying monthly whatever happens, it all averages out in the end.

[Bigyin]

I will admit i am shit with money but since i retired from plod have done ok with what i had left after clearing all my divorce debt from my lump sum.

I bought into the holiday let business just before Covid hit so made money out of the staycation boom for the past 2 years. As a result of this the prices for holiday let properties has rocketed so i reckon now is the time to bail out as the bubble will probably burst on that so that has been sold at a very tidy profit.

Still need to try and build some money back up so the profits from the holiday let sale are going into a buy to let property as a steady income over the next few years. Wont be a big return but will beat any bank or investment account. Hoping to get a decent long term tenant as housing rental stock where we are is limited and sought after ...time will tell. If it goes tits up i will sell the property and have the cash in an account rather than property assett