Newbie got into SIPP's at the wrong time

[kermitt]

Hi all having transferred into an H&L SIPP it would seem I have done this just before the global bubble has burst and I am losing out rapidly having already lost nearly 10%.

I know this was for the long term but the short term losses from the last couple of weeks are making me wonder should I sell up befor losing more or try to ride the storm?

[SueEllen]

Ride the storm.

Stock market investments are for the long term.

[MarillionFan]

Itll come back up.

At some point....

[DimPrawn]

Ride the storm.

Stock market investments are for the long term.

WSS.

In 20 or 30 years you'll be back with a small profit.

What people don't realise now is that the era of stock market investment is over, this is now an era of the trader, who buys and sells and holds for seconds not years. Hedge funds buying and shorting billions of $$$ of stocks every day.

Another reason why BTL is a better investment than a pension. No one can short your BTL and a BTL can't go bust.

[SueEllen]

Another reason why BTL is a better investment than a pension. No one can short your BTL and a BTL can't go bust.

No but it can be burnt down by looters.

[administrator]

No but it can be burnt down by looters.

And could also be taxed more as a second home when the Gov realise they need more money. BTL seems far from a safe bet at present.

[DimPrawn]

No but it can be burnt down by looters.

Insurance.

How do you insure your stocks from losing 90% of their value?

[eek]

And could also be taxed more as a second home when the Gov realise they need more money. BTL seems far from a safe bet at present.

But you could argue the same about a pension. They could just as easily decide that any pension withdrawal over £10,000 an annum should be taxed at 50%.

To be honest you need a mixed portfolio. Cash, ISAs a pension and possibly a BTL or two. Whatever you do however, you need to make a decision act upon it and stick to it. Shares are a long term investment so leave it for the moment and wait for the market to improve.

[AtW]

No but it can be burnt down by looters.

Not if it is in Wandsworth.

HTH

BIDI

[Halo Jones]

Insurance?

Not all insurances will pay out on civil unrest