Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Pension performance

  • 25-03-2023 7:42pm
    #1
    aceman67
    Registered Users, Registered Users 2 Posts: 7 ✭


    I have a small pension that I hadn't made any contributions to for about 10 years. I started contributing 400 euro per month in Feb 2022 and after a year the value is less now than when I restarted it. It had actually grown better the years I made no contributions. Is there anything I can do or just let ot run and see.

    Tagged:


Comments

  • #2
    walterking
    Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭walterking


    Markets were down last year. I put a lump sum into a pension every year. 30k on 28th Feb 2022 was worth 27800 on 28th feb this year - and it was in a low risk prisma 2/3 fund (Zurich). The higher risk prisma 4/5 would have seen the balance at about 26k.

    But there's 8-10 years before I retire and I'm not concerned and might even move them into higher risk later this year.


    There was huge growth (50%) between Feb 2019 & feb 2022 in the s&p 500 which would be the benchmark. But it had to slow down as that rate of growth was unsustainable.



Advertisement