Post #3518299

2025-11-01 11:10 UTC

@AbramKedge@beige.party @Di4na@hachyderm.io @david_chisnall@infosec.exchange @rlcw@ecoevo.social @simagick@freeradical.zone @ploum@mamot.fr @rootwyrm@weird.autos @MedeaVanamonde@beige.party @pndc@social.treehouse.systems @cstross@wandering.shop In fact, given that the "Trussterfuck" (Liz Truss and Kamikaze Kwarteng's disastrous UK Budget announcement wiped 21,000 GBP off my pension "pot" (it thankfully recovered before I retired), I'm seriously considering "crystallizing" the other pension pot and putting as much as possible into a deposit account before the AI weasel goes "Pop!". Depends on how cautious the UK pension fund is... 3:O(>

Replies (2)

@cstross@wandering.shop 2025-11-01 11:13

@Cadbury_Moose@wandering.shop @AbramKedge@beige.party @Di4na@hachyderm.io @david_chisnall@infosec.exchange @rlcw@ecoevo.social @simagick@freeradical.zone @ploum@mamot.fr @rootwyrm@weird.autos @MedeaVanamonde@beige.party @pndc@social.treehouse.systems Pick a deposit account with a mutual (YBS is still one, I believe). Less exposure to finacial shenanigans, aside from the UK housing market (which is about due for another crash, but will recover eventually).

Open ##3518300
@rlcw@ecoevo.social 2025-11-01 17:09

@Cadbury_Moose@wandering.shop What makes sense also depends on how many years you have left until your pension. 20-40: stock market is fine, and likely to recover. 10-20: start pulling out of volatile asset classes like stocks, whenever they are a high point and switch them to something boring. 10-0 years start moving everything you cannot afford to loose into boring asset classes with predictable returns. @AbramKedge@beige.party @Di4na@hachyderm.io @david_chisnall@infosec.exchange @simagick@freeradical.zone @ploum@mamot.fr @rootwyrm@weird.autos @MedeaVanamonde@beige.party @pndc@social.treehouse.systems @cstross@wandering.shop

Open ##3518302