RE: Good dividends important!13 Mar 2023 10:48
Interesting article Mr T and again demonstrates the need to take control of all your finances yourself- and by this I don't mean do all the trading, but I do mean fully understand what the people you use are doing- I've mentioned this soooo many times over the years on this board. To repeat, my main pension is global equity based, I took this decision ~10years ago- when I looked back in history, the evidence is clear- the doomsayers success is minimal compared to the optimists and doomsayers miles worse off over the vast majority time frames. What I object to is the terminology used by some pension analysts and companies and financial advisors (the poor ones that it is)- eg "we'll go safer for you and reduce the risk"- used to mean bonds, lower risk, lower return, less likely losses0 I had one advisor who I stopped using who had my portfolio split into medium risk and had some bonds, some cash as well as equity - heck cash loses all the time- and the pension was only balanced annually so a loser there straight away. It's interesting to note that the a complete opposite article could have been written to this Guardian one in Jun2020 when people looked at their pension and a lot had lost ~30% due to the COVID initial whack!!! (this pension guy moaning would have pleased as punch them lol )So there you have it- just understand what you have - IT'S YOUR RISK- YOU'RE MONEY, and up to you on WHERE'S it allocated- I've no time for whingers who blame companies for their pensions going lower, when they should spend time to understand their finances themselves. Rant over
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