Coronovirus catastfophe
Posted: March 18th, 2021, 7:40 am
Hi
This is all pretty much a mess thats been keeping me awake nights and blasted my confidence.
I was building up my private defined contribution pension nicely over many years Im now near 57 and late in life I have also got married with young kids and my wife doesnt work as yet until the kids are in full time school.I am not earning so much now either and to be honest strain is building up.
so my pension pot overall has reached a substantial amount despite some huge mistakes. I have tinkered with my pensiin over the years but mainly played the US bullmarket. However I got really spooked first in 2018 and started rebalancing? Into supposed lesser risk mixed investment funds and totally lost it with 2020 downturn and got signed up to newsletters like outsider club and investorplace etc and various youtube subscriptions . I kind of let them brainwash me that market was about to collapse and cashed a lot of my fundholdings in kind of shorted the market but of course the market rebounded quuckly and is still being pumped up by the US fed into the bubble that it is but for who knows how much longer?
I stayed out of the market for months trying to figure out gold plays advice green investment plays etc but nothing has worked out lost on those but the US market I had a big stake on has overtaken and by quite a lot more. My lower risk funds did not work in March 2020 lost nearly as much as higher risk funds and lower risk diversifued funds have barely recovered.
anyway I started moving cash back into market during post covid crash melt up and rebound bappened so fast I am still doing so but I have now turned again. Cashed in some of the poor property and bond funds as some online advice is to move to emerging markets maybe japan to get some upside but some protection from the next crash, which some also say could be like the japanese ' lost decades' one of 1990.
I think I may now have to confine myself to totally move into Aviva with profits which could well tie me in to prevent me having opportunity to go back in to better returns when market next crashes. However ( despite some bad press I have seen online) so far after 2 years the with profits fund by my estimate have returned over 3% pa on bid which is a lot better than cash deposit actually losing 0.15% in last 12 months according to the Aviva factsheet.
I have also discovered tradestops by tradesmith who claim to give indicators on health of market and signals of when real downturn signals begin to get out of the market. Sounds too good to be true. Anybody used them?
So I have been stubborn and succumbed to all the 'noise' It has overwhelmed me and I have made a lot of dumb moves. A good advert for getting an FA but I was doing ok for many years and FAs only push mediocre products a lot of the time but I guess they do at least keep you on a track.
The fact is the best protection I would have is with profits but mediocre returns I guess are better than quite possibly losing a lot more.
So a real mess I guess the main things I would like to know are does anybody have personal knowledge of being in aviva pensions with profits or know of any other good with profits providers and anybody used tradestops by tradesmith and can give any feedback.
Any friendly input would be welcome. Thank you guys.
This is all pretty much a mess thats been keeping me awake nights and blasted my confidence.
I was building up my private defined contribution pension nicely over many years Im now near 57 and late in life I have also got married with young kids and my wife doesnt work as yet until the kids are in full time school.I am not earning so much now either and to be honest strain is building up.
so my pension pot overall has reached a substantial amount despite some huge mistakes. I have tinkered with my pensiin over the years but mainly played the US bullmarket. However I got really spooked first in 2018 and started rebalancing? Into supposed lesser risk mixed investment funds and totally lost it with 2020 downturn and got signed up to newsletters like outsider club and investorplace etc and various youtube subscriptions . I kind of let them brainwash me that market was about to collapse and cashed a lot of my fundholdings in kind of shorted the market but of course the market rebounded quuckly and is still being pumped up by the US fed into the bubble that it is but for who knows how much longer?
I stayed out of the market for months trying to figure out gold plays advice green investment plays etc but nothing has worked out lost on those but the US market I had a big stake on has overtaken and by quite a lot more. My lower risk funds did not work in March 2020 lost nearly as much as higher risk funds and lower risk diversifued funds have barely recovered.
anyway I started moving cash back into market during post covid crash melt up and rebound bappened so fast I am still doing so but I have now turned again. Cashed in some of the poor property and bond funds as some online advice is to move to emerging markets maybe japan to get some upside but some protection from the next crash, which some also say could be like the japanese ' lost decades' one of 1990.
I think I may now have to confine myself to totally move into Aviva with profits which could well tie me in to prevent me having opportunity to go back in to better returns when market next crashes. However ( despite some bad press I have seen online) so far after 2 years the with profits fund by my estimate have returned over 3% pa on bid which is a lot better than cash deposit actually losing 0.15% in last 12 months according to the Aviva factsheet.
I have also discovered tradestops by tradesmith who claim to give indicators on health of market and signals of when real downturn signals begin to get out of the market. Sounds too good to be true. Anybody used them?
So I have been stubborn and succumbed to all the 'noise' It has overwhelmed me and I have made a lot of dumb moves. A good advert for getting an FA but I was doing ok for many years and FAs only push mediocre products a lot of the time but I guess they do at least keep you on a track.
The fact is the best protection I would have is with profits but mediocre returns I guess are better than quite possibly losing a lot more.
So a real mess I guess the main things I would like to know are does anybody have personal knowledge of being in aviva pensions with profits or know of any other good with profits providers and anybody used tradestops by tradesmith and can give any feedback.
Any friendly input would be welcome. Thank you guys.