We have had a few comments in the last couple of weeks concerning the recent market volatility and I have thankfully been able to put clients minds at rest. The extent to which you may have been affected by the recent ups and downs really depends upon whether your investment was suitable for you in the first place and whether it is being managed professionally.
We find that many new clients have the odd pension or PEP sitting around, and nine times out of ten the moneys are invested in a ubiquitius 'Managed' fund. 100% of the money in one fund - and this is when clients get hit by market movements.
Any investment should suit a clients' risk profile and be diversified, whether it is a £1 million portfolio or a £20pm personal pension. With all new clients we carry out a full risk profiling exercise and then suggest funds which suit both the results of this exercise and also the clients age and timeline. That way we can be sure that any market 'blips' such as the recent correction do not affect clients more than they would expect to be affected!
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