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pension question

  • 15-02-2021 2:25pm
    #1
    riddles
    Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭


    hi,

    I quite stupidly left my pension on cash for the past decade or more having lost a lot of money previously on investing in irish bank shares. Its actually losing money now on cash.

    Should I hold off now as markets an all time high or push it into the emerging market fund. I have started trading shares again and my risk aversion has changed - just wondering is this a silly move having been in cash for so long?

    AON is the provider.

    Aon Active Global Equity Fund €0.00 0.00%
    0.00
    Aon Balanced Fund €0.00 0.00%
    0.00
    Aon Cash Fund 100.00%
    0.00
    Aon Cautious Growth Fund €0.00 0.00%
    0.00
    Aon Diversified Growth Fund €0.00 0.00%
    0.00
    Aon Growth Fund €0.00 0.00%
    0.00
    Aon Passive Emerging Market Equity Fund €0.00 0.00%
    0.00
    Aon Passive Global Equity Fund €0.00 0.00%
    0.00
    Aon Pre-Retirement Bond Fund €0.00 0.00%


Comments

  • #2
    Xaniaj
    Registered Users, Registered Users 2 Posts: 458 ✭✭Xaniaj


    riddles wrote: »
    hi,

    I quite stupidly left my pension on cash for the past decade or more having lost a lot of money previously on investing in irish bank shares. Its actually losing money now on cash.

    Should I hold off now as markets an all time high or push it into the emerging market fund. I have started trading shares again and my risk aversion has changed - just wondering is this a silly move having been in cash for so long?

    AON is the provider.

    Aon Active Global Equity Fund €0.00 0.00%
    0.00
    Aon Balanced Fund €0.00 0.00%
    0.00
    Aon Cash Fund 100.00%
    0.00
    Aon Cautious Growth Fund €0.00 0.00%
    0.00
    Aon Diversified Growth Fund €0.00 0.00%
    0.00
    Aon Growth Fund €0.00 0.00%
    0.00
    Aon Passive Emerging Market Equity Fund €0.00 0.00%
    0.00
    Aon Passive Global Equity Fund €0.00 0.00%
    0.00
    Aon Pre-Retirement Bond Fund €0.00 0.00%

    I'm definitely not qualified to answer but how long until retirement?


  • #3
    riddles
    Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭riddles


    Xaniaj wrote: »
    I'm definitely not qualified to answer but how long until retirement?
    over 20 years


  • #4
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,611 Mod ✭✭✭✭Jim2007


    @Mods: Please move to Banking & Insurance & Pensions.


  • #5
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,611 Mod ✭✭✭✭Jim2007


    riddles wrote: »
    over 20 years

    Stop trading, seek proper financial advice and follow it.

    To be brutally honest, you are the biggest risk to your financial well being.


  • #6
    burkey2k0
    Registered Users, Registered Users 2 Posts: 137 ✭✭burkey2k0


    I am exactly the same as you, over 20 years to retirement, and I do not mind the bumps that come with a high risk option. When consistently they are the best to choose when young.

    I literally just made a change today to my pension and chose a high risk passive option that was the consistent highest return fund over the passed 10 years. 100% allocation. But please weigh up your risk attitude and make a call from there. Usually there are risk attitude calculators that are very helpful. That's what I used to back up my choice.

    In general, there is no 5 year window where markets have returned a negative return, so just need to keep that in mind when the next crash inevitably comes and remain calm. And obviously coming closer to retirement maybe move it into more cautious funds to protect yourself.
    However we all have a reasonable expectation to live into our 80s now, so even when looking at retirement age, I doubt personally I'll change anything. But I'm speaking as I am now being in a comfortable financial position.


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  • #7
    riddles
    Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭riddles


    Jim2007 wrote: »
    Stop trading, seek proper financial advice and follow it.

    To be brutally honest, you are the biggest risk to your financial well being.
    - I would have agreed before I took an uncomfortably large number of shares in GEVO DOCRF CLNE last last year.


  • #8
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,611 Mod ✭✭✭✭Jim2007


    riddles wrote: »
    - I would have agreed before I took an uncomfortably large number of shares in GEVO DOCRF CLNE last last year.

    And? In ten years time you'll be wondering how to recover in the last 10 years before retirement or trying figure out how to put off retirement. I've seen it all before, so it really does not surprise me.


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