Checked ya pension pot lately?

[bronzebomber]

my Lloyd’s banking app shows mine whenever I log in for some reason . It’s canny grim looking at it now but that’s surely got to be only temporary

25-30 years away for me so got a while to pick back up

 

[Paddy O'Dors]

Got some shares that were £10.75 in November, touching £17 three weeks ago and are back down to £12.95 atm. So I'm either £2k up or £4k down depending where you're looking at it from!

 

[Skandhaless]

DBS all the way for me , so hopefully ok.

 

[Quench]

My retire in 18 months plan may have just gone down the shutter. I'd probably be better wiping my arse on the pension and saving bog roll

 

[Alan BStard]

Got increases in both me state and private pensions recently. Canny that.

 

[Rustie Trombone]

My retire in 18 months plan may have just gone down the shutter. I'd probably be better wiping my arse on the pension and saving bog roll

That's shit.

Slight rally and the end of the week mate and I think the markets will recover most of their losses once this virus has ran its course.

 

[Lord Alfred]

What's a pension pot?

Similar to a lavvy pot except its your money that gets flushed away.

 

[42]

Not that it’s your fault, but DBs are economy killers and should all have been banned years ago with all schemes converted to money purchase schemes.

As the market crashes, the DB schemes assets no longer cover the expected liabilities of the scheme. This means the companies have to throw cash they could be investing to grow/recover their business into the DB scheme. This suppresses profits which hits the share price growth which makes the scheme assets not cover the expected liabilities and we go round the merry go round again.

Don’t get me wrong, offer me one and I’ll snatch your hand off, but they’re not right.

Yeah but that doesn't really apply to the public sector

Not that it’s your fault, but DBs are economy killers and should all have been banned years ago with all schemes converted to money purchase schemes.

As the market crashes, the DB schemes assets no longer cover the expected liabilities of the scheme. This means the companies have to throw cash they could be investing to grow/recover their business into the DB scheme. This suppresses profits which hits the share price growth which makes the scheme assets not cover the expected liabilities and we go round the merry go round again.

Don’t get me wrong, offer me one and I’ll snatch your hand off, but they’re not right.

Yeah but that doesn't really apply to the public sector

 

[Lord Alfred]

Slight rally and the end of the week mate and I think the markets will recover most of their losses once this virus has ran its course.

Not so sure mate. What we don't know yet is how the financial interdependency of individuals, businesses, banks and governments will play out. Some businesses won't survive the crisis, others will default on debt repayments and others will cut or cancel dividends. There may be a crash in house prices if people lose months of pay. We just don't yet know how it will all pan out....thats the real driver behind the market crash, the uncertainty.

 

[Rustie Trombone]

Not so sure mate. What we don't know yet is how the financial interdependency of individuals, businesses, banks and governments will play out. Some businesses won't survive the crisis, others will default on debt repayments and others will cut or cancel dividends. There may be a crash in house prices if people lose months of pay. We just don't yet know how it will all pan out....thats the real driver behind the market crash, the uncertainty.

The new CV cases in China are virtually down to zero - it's took them 10 weeks to get there - I'd be surprised if the west don't have this under control by the end of summer.

I have shares in the company I work for and a pension which I presume has taken a hammering (I haven't looked) but I'm genuinely not worried about the medium to long term.

It's a shitter for those with pensions now like.

 

[Lord Alfred]

The new CV cases in China are virtually down to zero - it's took them 10 weeks to get there - I'd be surprised if the west don't have this under control by the end of summer.

I have shares in the company I work for and a pension which I presume has taken a hammering (I haven't looked) but I'm genuinely not worried about the medium to long term.

It's a shitter for those with pensions now like.

China is an autocracy and was able to implement measures we in the west can't. They also probably don't have anywhere near enough immunity in the population to stop another outbreak once they relax travel restrictions.....and that goes for every country. New Zealand have just imposed draconian restrictions and they only have 6 confirmed cases but what happens when they relax travel restrictions given their population won't have any immunity. Our government is right in that the only real solution is letting nature take its course and building herd immunity but the collateral damage from that is an unknown.

 

[Quench]

That's shit.

Slight rally and the end of the week mate and I think the markets will recover most of their losses once this virus has ran its course.

It's not the end of the world. I'm sure it'll recover in time and I should be able to keep working. I was planning on retiring at 57, a few more years won't kill me and at least I won't be bored

 

[Iballistic George]

I get my yearly statement and I don't bother with it after that. I know I can retire at 55 on final salary tho so all good.

 

[BlackOps]

Mines not too bad but my wage will go up another 14k in the next 2 year so that should bump it up a bit over the next 28 year

 

[EchoMan]

Got some shares that were £10.75 in November, touching £17 three weeks ago and are back down to £12.95 atm. So I'm either £2k up or £4k down depending where you're looking at it from!

Neither. You’re only up or down when you sell them. Anything in between matters for nothing.

 

[BlackOps]

I get my yearly statement and I don't bother with it after that. I know I can retire at 55 on final salary tho so all good.

Thats all i do. Nowt i can do about it and i dont think mine fluctuates like some peoples do on ere. Would do pay office's heads in keep asking them for statements

 

[Tuono]

Good time to invest?

 

[Joe Public]

Lost 5k in a week before it got worse, not checking anymore!

 

[greggssausageroll]

Yeah but that doesn't really apply to the public sector


Yeah but that doesn't really apply to the public sector

It’s not as obvious an interdependency but it still exists.

Markets take a dive, public sector has to plug the gap with tax payer funds which would otherwise go on public services or public investment. The public services either don’t get funded or additional tax revenue is required to cover them which may or may not come from corporation tax. If it does, again that is (albeit a lot less) an impact on what companies can invest in growth and stunts the growth of shares and back round we go again. Similarly if public investment in infrastructure projects are not possible the companies who would have received the contracts don’t grow as previously possible and the companies who would have benefited from the improved infrastructure don’t see the gains they would have done and the markets don’t grow as much as they could have done.

DBs in their very nature are legalised Ponzi schemes.

They’re not compatible with a society and economy reliant on capitalism and never ending growth that also has a population with such a large proportion of retired people. Whether or not we should be an economy reliant on never ending growth is a separate discussion.

 

[Swindon On Tour]

Mines down over 30% in past month

It will come back.
Investments go up and down. Now is a unique time in our history.
Walk outside and into the Countryside, watch the wildlife, listen to the birds etc.
Puts it all back into place.

I have built an Owl nesting box and today will be putting it up in a tree.
Will give me a sense of satisfaction.
Don’t worry about it mate.