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.
Adjusting to a world where stock prices can rise and fall, sometimes by a wide margin in a single day, can take a bit of getting used to at first. So, how should you approach portfolio investment?
Calm and collected
Investment requires a disciplined approach, combined with a degree of holding your nerve. Market volatility is inevitable. One of the worst investment strategies you can adopt is to jump in and out of the stock market, panicking when prices fall and selling investments at the bottom of the market.
Have a plan and stick to it
A well-defined investment plan, tailored to your goals and time horizon, that takes into account your financial situation, your income requirements and your capital needs, can help you weather market fluctuations and feel in control. It is also important that you have the right asset allocation, in line with your risk profile.
In an increasingly complex and competitive world, expert financial advice is key to securing your future. So, contact us today for a free financial planning consultation and get all your financial affairs in order.
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