Grexit - worth moving pension fund?
Discussion
It's becoming increasingly likely Greece is going to default on its debts and get kicked out of the Euro.
Pundits are all saying this is likely to cause major market/pension fund ructions.
Given that I have the ability to move my pension from fund to fund, would now be a good time to move it from its currently medium risk fund at least partly into a very low-risk one?
Even if only for a few months?
Pundits are all saying this is likely to cause major market/pension fund ructions.
Given that I have the ability to move my pension from fund to fund, would now be a good time to move it from its currently medium risk fund at least partly into a very low-risk one?
Even if only for a few months?
Johnnytheboy said:
It's becoming increasingly likely Greece is going to default on its debts and get kicked out of the Euro.
Pundits are all saying this is likely to cause major market/pension fund ructions.
Given that I have the ability to move my pension from fund to fund, would now be a good time to move it from its currently medium risk fund at least partly into a very low-risk one?
Even if only for a few months?
I reckon weather out the storm - too late now - the time to move was 2 months agoPundits are all saying this is likely to cause major market/pension fund ructions.
Given that I have the ability to move my pension from fund to fund, would now be a good time to move it from its currently medium risk fund at least partly into a very low-risk one?
Even if only for a few months?
then again WTFDIK??
I heard that markets have already factored it in (witness the recent falls).
Everyone is caught in a cleft stick. The Greeks want to have Euros and be in the EU, but they have a socialist government that's starting to spend more, not less. They want to have their cake and eat it. I mean, who wouldn't?
The Germans (ie the rest of Europe with any clout) want their money back. They can't afford Greece to go phut because then all the other sink countries might follow suit and check out with their winnings.
So they have to lend more money they will never get back. Kind of sub-prime mortgages America 2008, but with poor countries instead of poor people.
My personal and ill-informed view is that the EU is a political experiment that doesn't work, and the Euro is invented play money. We shall see how long the game lasts!
Everyone is caught in a cleft stick. The Greeks want to have Euros and be in the EU, but they have a socialist government that's starting to spend more, not less. They want to have their cake and eat it. I mean, who wouldn't?
The Germans (ie the rest of Europe with any clout) want their money back. They can't afford Greece to go phut because then all the other sink countries might follow suit and check out with their winnings.
So they have to lend more money they will never get back. Kind of sub-prime mortgages America 2008, but with poor countries instead of poor people.
My personal and ill-informed view is that the EU is a political experiment that doesn't work, and the Euro is invented play money. We shall see how long the game lasts!
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