It’s bad, but not as grim as the headline falls in the FTSE or Dow suggest. As a rule of thumb, for every 10% fall in the FTSE, the value of your pension investments falls by about 5% to 6%. Since the coronavirus crisis gripped the markets, the FTSE 100 has fallen from around 7,400 to 6,000, a drop of 19%. So you can expect that the total value of your pension pot is down by about 9% to 11% so far.There are now 8.
If over 60 you may not need to worry.
Prior to hyperinflation in Weimar, a bellhop got a gold coin as a tip. He saved it and continued his bellhopping. After everything crashed, he bought the hotel with the coin he saved.
😀
valerians_96
Bye 401k 😢
Depends if you are invested now. If you don’t own stocks, now or very soon is the time to buy. The 2% interest in your bank is nothing compared to the easy 50% 60% 70% 80% 90% you will be able to easily make
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