When do you actually see growth in a pension?
Resume IA
L'auteur du post se plaint de ne pas voir de croissance dans son pension après 9 ans de contributions et cherche des conseils pour améliorer sa situation
Conseil cle
Considérer des investissements à plus haut risque, mais avec prudence et recherche
Bit of a rant with a question at the end. So I’ve been working for 9 years now. Made sure to get the max employer contribution to pension in each job no matter how pitiful it was and yet I’ve hardly seen any growth. ( think my actual contributions are bigger than the investment value rn but I understand trumps been messing with things). All retirement calculators base your retirement on contributions and expected growth of rate of 5%+ but I don’t even seem to have managed that. A whole decade has gone by, considering inflation im actually poorer! I’ve got 3 decades left but feel like I’ve wasted my time the first 9 years I guess. I had moved my pensions in year 4 of 9 to whatever the providers high risk fund was for reference. I’ve consolidated all my pensions into my current employers provider - legal and general and put it in a ftse all world 100% equity ex Uk fund. Are there more higher risk things I could be doing with it? Just want to make up for lost time
“When Covid hit, I changed my previous employer pension that was shit and was at 13,000 to a high risk pension pot, I did this because I was then working for a company that had a final salary pension, so my contribution was a nominal low fee, and the company made up the rest, I couldn’t pay extra in. It grew to about 23,000 before Trump ruined the stock market, but only fell back to 22,000 So I have no advice, really, I wouldn’t advice anyone to have a high risk investment unless you look into all the details yourself and work out if it is right for you, you look at pros and cons. Generally speaking you want a ‘low risk’ pension from about 5-10 years before you plan to retire. The rest is based on personal risk, of course there is no crystal ball. I started a new pension at a new company this year and have managed to make a significant contribution but have lost a fair bit too thanks to trump which is disappointing.”