At the start of the COVID-19 pandemic, many people were understandably concerned about the falling equity markets and moved their savings into cash. The perception is that cash is ‘safe’, but financial advisers are now warning of the significant damage that could be done to long-term financial plans if too much is kept in cash for too long.
We all know who ultimately wins the tale of the tortoise and the hare, so why is it so many of us are still getting it wrong when it comes to investing, and losing the race to greater profits?
It is important to understand the consequences of trying to time your investments in the stock market and the relatively low probability that you will get both timing decisions involved correct; namely selling out of the market while it’s still declining and then re-entering before the recovery has come to an end.
You will know from watching the news or reading the papers that the world’s economies are going through a period of uncertainty. It is only natural at times like these for you to feel more cautious. The truth is that share prices invariably rise and fall, but historically long-term performance tends to even things out and there are good reasons even now to see investment opportunities.
Going it alone exposes investors to their own bad habits, while taking advice in person from an expert can help to build a diversified, risk-based multi-asset portfolio.
With just over 100 days to go to the US presidential election in November, the race for the White House is approaching the final straight.
Cash savings are often perceived as a safe investment choice, but at what financial cost?
Whether you’re an experienced investor or new to the table, learning to ‘keep calm and carry on’ is an essential tool which is sure to stand you in good stead for the years ahead.
They say that change doesn’t happen overnight, but anyone following the financial markets recently will beg to differ.
Almost two months on from the outbreak of the coronavirus in Wuhan, the world’s attention remains firmly fixed on the devastating human and economic consequences of the virus and the impact it may have on global markets.