Great News For Pension as billions pour into stock market
Discussion
you never see this in the mail or on the bbc said:
Pension funds saw billions of pounds pile onto their value today after the stock market soared over 150 points.
In a day of frenzied trading, shares in the FTSE 100 saw gains of £52.3billion – closing 160 points up on the day.
Most Britons’ pensions are linked to the value of the stock market. People who just two monts ago thought they would be getting £8,000 a year in retirement will now get £9,500, which will make a huge difference.
This will see a lot of their pensions savings, which they paid in every month for years, suddenly boom with no extra payment required at all.
Anyone coming up to retirement will be over the moon with this very good news.
It means that people will absolutely – without a doubt – end up having to stay at work for a lot less time than they thought.
So how come we never see it this way round from the Daily Mail and the BBC? Or do they only like to tell people pensions have lost money?In a day of frenzied trading, shares in the FTSE 100 saw gains of £52.3billion – closing 160 points up on the day.
Most Britons’ pensions are linked to the value of the stock market. People who just two monts ago thought they would be getting £8,000 a year in retirement will now get £9,500, which will make a huge difference.
This will see a lot of their pensions savings, which they paid in every month for years, suddenly boom with no extra payment required at all.
Anyone coming up to retirement will be over the moon with this very good news.
It means that people will absolutely – without a doubt – end up having to stay at work for a lot less time than they thought.
Edited by otherman on Thursday 27th October 20:04
Edited by otherman on Thursday 27th October 20:05
jeff m2 said:
An increase in value is not the same as money pouring in.
Absolutely. But equally a decrease in vaue is not the same as 'billions wiped off, which is what the media always report when the market falls. My quote at the top is a copy from a mail article from July with about a dozen words changed to fit a rising instead of falling market.
It doesn't really matter does it, anybody close to collecting their pension should have most of it in cash to protect against crashes. For anybody else, ie the majority, a newspaper article predicting doom should be ignored, it just doesn't apply to the real world.
On another thought, is boom and bust the key to a good pension return?
On another thought, is boom and bust the key to a good pension return?
fid said:
On another thought, is boom and bust the key to a good pension return?
Well I guess, for a regular contribution scheme into a pension, ideally you want the market to fall immediately as far as possible (so you are investing new money at the lowest levels) and then suddenly spike immediately before retirement..!!
Sidicks
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