Focus Magazines The local magazines for Abergavenny, Crickhowell, Brecon & Talgarth – Events, News and Advertising

Finance


Latest Story

Patience and Planning are Key in Uncertain Markets

May 19th, 2020

Across communities and countries, we see families, business and governments all looking for the best way to prepare and protect themselves from the coronavirus outbreak.

In such times we all need to prioritise what matters most, and for many that includes making sure that they protect their hard-earned investments. This means it can be hard to sit back and observe the very real impact of the market volatility on your savings.

At these times, as we have seen during previous similar bouts of volatility during global events, one of the most important factors is to maintain a long-term view rather than trying to compensate for short term losses.

Three key principles that are worth remembering at times such as these are:

1. Stick To Your Plan
The distraction of short-term market changes does not change the purpose of the long-term plan you originally made with your adviser. Making sudden changes without taking advice could cause longer-term implications, so always talk to your adviser in the first instance.

2. Remember Cash Is Not Always King
While we all need some cash in case of an emergency, the temptation to move into low risk investment, such as cash, may not be the answer.
Remaining in a diversified investment solution which helps spread risk across a range of investments, is important, even .during widespread volatility, to help maintain capital growth, spread risk and position your investments for any subsequent market recovery.

3. Stay Invested
When markets are volatile it is tempting to exit the market or switch to cash in an attempt to reduce further expected losses. However, timing these moves is inherently difficult for individual investors. As markets move up and down, being out of the market can actually cause further losses and missed opportunities for recovery.

Dr Josh Lewis
MBChB MBA MRCGP DipFA MLIBF ACSI
CertPFS CII(MP)
iam Financial

 

More Stories

A Better Deal on your Mortgage

May 19th, 2020

If you need to borrow more, or you are simply looking for a better deal, then friendly and independent advice from Seymour Mortgage Solutions Ltd can help. Independent mortgage and protection advice is always given with your safety and security at the forefront of our minds. It’s very much business as usual for us, albeit […]

Coronavirus: The Impact on Mortgages and Property Purchases

April 9th, 2020

Coronavirus is affecting everyone’s day to day lives and mortgages are no exception. Many of you will have concerns about your current or future borrowing requirements. Mortgage providers are working hard to help borrowers and applicants, but naturally there will be some disruption. Rachel Seymour at Seymour Mortgage Solutions Ltd, aims to provide some reassurance […]

Coronavirus Uncertainty and Your Finances

April 9th, 2020

Over the last month or so Coronavirus has spread worldwide, with many countries including the UK taking the wise step to severely limit contact between people. This will hopefully succeed in slowing the virus, but at the same time will unfortunately cause economic uncertainty and financial difficulties for many. For some this may mean the […]

Loadsa Money?

June 10th, 2013

You could be quids in, just by investing your money in something a little bit quirkier than the norm… It’s true that times are tough and every penny in our purse counts. However, if you do happen to have a few quid lying about that you don’t want to spend on a Caribbean Cruise, why […]

Financial Hints & Tips

June 6th, 2013

money tips

Ian Janes FCCA is a Director of Eye For Finance, Abergavenny based Financial Management Consultants and Accountants. Here he provides useful hints and tips regarding a variety of financial matters. We are living through difficult economic times, and this is affecting most individuals and businesses. Mundane though it may seem, this makes it even more […]

Please support our local businesses