Pension value dropped recently

[tosullivan]

I have a pension that I had been paying into for many years
Total invested about €70k and last time I checked it was valued about €100k
Current value is €85k after the recent market dump

Company is using a different pension scheme now so this was had basically stopped getting contributions and from what I can see from the online account it was left up to me to manage the contributions

Currently its set for 100% of the fund in the multi asset fund

As the economy is currently not looking like recovering for a while and could take further hits, would I be better off putting it into the cash option to maintain the current value until its start to recover whenever?

 

[Brendan Burgess]

"My shares have fallen 30% what should I do?" "Is this a good time to invest in the stock market?"

To save people reading through lots of posts in different threads, I am going to summarise my views and the contrary view in this thread. There are two camps Camp 1 believes that you cannot time the market. In other words, it's not possible to identify whether the market is overvalued or...

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