Amid rumors of a recession in the US, there was a sharp drop in the value of shares of many companies on Monday, August 5. It is in shares that the funds of the so-called active second-tier pension plans are invested. How much has the fall in stock markets affected participants in the 2nd pension pillar in Latvia? Is it necessary to urgently change your plan to a more conservative one in order to save your savings? As reported by "Delfi Business", following the results of trading on August 5, European stocks experienced their largest daily drop since March 2022. The fall also occurred in Asian countries. All this is happening against the backdrop of rumors of a possible recession in the US, related, in particular, to the release of the labor market report. How can this whole American and European story affect pension savings in Latvia? Will the money burn out? Should you fluctuate with the stock price or wait for some time? In general, one thing for some, another for others, experts believe. Let's analyze the problem piece by piece.
