in previous "major events" you could safely rely on everything halving; my gut feeling is this is bigger than anything before and coming in an era of greater globalisation we are all in it together & that it could half again ie down to a quarter of Jan 2020 levels….. and then a 5 to 10 year recovery. I am not sure it will be just "another blip" - I was hoping to retire in 10 years and those illusionary assumptions we make when we look at our investments are looking rather shattered.
my accountant emailed me this morning saying I could top up my SIPP before April 5th - I may well do that to get the tax benefit..... but will I actually know what to buy with it... not a chance ! BA have a cash pile of 9 billion GBP, and once they start burning through that and other airlines go bust it may be many months before we see how a whole new economy starts again.
I think residential property might be the safe defensive play, but you can't buy that with your pension funds.