All my shares down 40%

[ace00]

Me too - should've spent it all
Anyone who did not prepare for this is going to lose 50% of their savings.
And comparing the current situation to 2001 shows a lack of understanding of the amount of tulip we are in right now.

[Cyberman]

Who says a housing drop of 20% is bad ? It is all relative.

Nobody can take your house, but shares can be grabbed at any time.

[ChimpMaster]

Actually I would think that now (well, nearly) is the time to invest a nice lump sum in the market. Wait a little while for the crash to really take hold, and then throw in a nice big piece. A pension is, after all, a long term investment, and in 30 years' time you'll be sitting pretty.

[Cyberman]

Yup.

Might just as well have pissed it all up against a wall...

Doomed etc.

Pensions, particularly of the private kind, are the biggest con going.

I agree. Investing heavily in shares is for mugs. Cash is king, or property.

[Cyberman]

Never heard of compulsory purchase then?

Or that cunning scheme whereby they can house a bunch of idle DSS scumbags in your house for up to 7 years if they think it's been empty for too long?

They still have to pay you the market rate.

[cojak]

Be a coward when others are brave,
Be brave when others are cowards.
- Warren Buffet

Never invest in something you don't understand.
- Warren Buffet

[contractor79]

oh come on guys, property ain't exactly gonna grow year on year now that's dreaming

old rules no longer apply folks

[Cyberman]

Actually I would think that now (well, nearly) is the time to invest a nice lump sum in the market. Wait a little while for the crash to really take hold, and then throw in a nice big piece. A pension is, after all, a long term investment, and in 30 years' time you'll be sitting pretty.

Yeah, why not put in in banks.

[Bagpuss]

And comparing the current situation to 2001 shows a lack of understanding of the amount of tulip we are in right now.

In hindsight yes,but at the time the doom and gloom o'meter was set to end of the world, just as it is now.

[DaveB]

Unless you are planning on retiring in the next 6 months don't worry about it.

My pension pot is the same, but since I wont be retiring for another 15 years there is plenty of time for it to recover. Now if the same thing happens in 2023 I'm screwed