b0r1s wrote:Spotted a Sunday Times Article claiming there could be a 10% to 30% drop on the 500 S&P in 2024. Couldn't read the article as it was gated but then heard on News Agents that it's come from a RW attempt to paint Biden as shit on the economy prior to the election, despite all the facts pointing to the opposite.
TheBoyRoberts wrote:I've been thinking about a drop on the S&P 500. I know folks say you shouldn't try to "game" the system. But I'm seriously thinking about cashing out my SIPP soon and letting it sit as cash (perhaps as in some form of savings account if Hargreaves and Landsdown offers one) for a bit. Really not sure what to do.b0r1s wrote:Spotted a Sunday Times Article claiming there could be a 10% to 30% drop on the 500 S&P in 2024. Couldn't read the article as it was gated but then heard on News Agents that it's come from a RW attempt to paint Biden as shit on the economy prior to the election, despite all the facts pointing to the opposite.
TheBoyRoberts wrote:I've been thinking about a drop on the S&P 500. I know folks say you shouldn't try to "game" the system. But I'm seriously thinking about cashing out my SIPP soon and letting it sit as cash (perhaps as in some form of savings account if Hargreaves and Landsdown offers one) for a bit. Really not sure what to do.b0r1s wrote:Spotted a Sunday Times Article claiming there could be a 10% to 30% drop on the 500 S&P in 2024. Couldn't read the article as it was gated but then heard on News Agents that it's come from a RW attempt to paint Biden as shit on the economy prior to the election, despite all the facts pointing to the opposite.
drumbeg wrote:The Mrs has a Stocks and Shares ISA with Halifax. Was just looking at fees and they charge £36 per year + £9.50 per fund trade. Which I think means if she switches fund it might mean 2 x £9.50 (sell trade + buy trade). Is this expensive? Should I be looking to shift her onto another platform?
TheBoyRoberts wrote:All fair points!! I’ll be staying put!! Really do need to shout out to you all on this thread and say thanks. Moving my old work pension into a sipp has (so far!) been one of the best financial decisions I’ve ever made. Wouldn’t have done it if I’d not dipped in here. Thanks!!!
SpaceGazelle wrote:It's important you really understand why trying to time the markets is so bad. When you get that you can relax a bit. Some people just aren't suited to doing this and they're the people who sell when the markets are crashing. The long term game is all about the monthly investments and not doing anything. Preferably, do a direct debit once a month and never look at it. Try not to even think about it!TheBoyRoberts wrote:All fair points!! I’ll be staying put!! Really do need to shout out to you all on this thread and say thanks. Moving my old work pension into a sipp has (so far!) been one of the best financial decisions I’ve ever made. Wouldn’t have done it if I’d not dipped in here. Thanks!!!
SpaceGazelle wrote:@drumbeg Depends on how much you have in the fund. Shop about, but people here should not be concerned about fund trading fees. Just get the cheapest platform and the cheapest S&P tracker that they do. It's worth an annual look at platform fees to see if it's worth switching - go with the cheapest unless the cost of changing costs more, which it really shouldn't. It depends on circumstance. https://www.moneysavingexpert.com/savings/stocks-shares-isas/
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