The Cash fund is crap and only really suitable for the short term when you're trying to 'lifestyle' your investments shortly before retirement. So if you're investing for the long term, always go for the equity funds.foxyjarvis wrote:I've been making maximum contributions for the last 3 years and left it in the AVC cash fund, because I thought I've made 32% already, let's not be greedy. That was naive on my part. The new Scottish Widows website is much more user friendly and over the last 3 months I have been transferring more and more of the Cash Fund into the Growth Fund. Annoyingly you can't do this in real time, I believe if you change where the funds are going before 14.30, it is done the next day. I've made a far larger return over these 3 months in the Growth Fund, than the 3 years I spent in the Cash Fund. When I first joined the FTSE was 6900 pts, 3 years and 3 months later it's 7400 points. My perception is if there is a clear Tory majority, that will rise considerably.
The performance data of the AVC funds available can be found here: https://digital.feprecisionplus.com/cor ... ory=2rmp62" onclick="window.open(this.href);return false;
Also read the RMPP AVC guide: https://www.royalmailpensionplan.co.uk/ ... n-benefits" onclick="window.open(this.href);return false;
You've only been investing for a few months and so far you've done well, but always bear in mind that past performance is not a guide to future returns and shares go down as well as up.
I experienced the crash of 2008 when the FTSE100 dropped 31% during that year, from a high of 6,456 down to 4,434. But I've reaped the rewards since and have long since seen my investments not only regain their losses at the time, but go a lot higher too.