Managing your-investments during COVID 19 — advice from an expert.
SHOULD I BE WORRIED ABOUT THE DROP IN MY BALANCES?
No one likes to see the value of their investments drop. Unfortunately, this is a very normal part of investing. In order to achieve good long-term returns, you have to accept that your balance will go up and down in value. Markets go down, but they do recover and grow over the long term. Although it can be very challenging, it’s healthier to accept these drops as a normal and slightly uncomfortable part of growing your investments.
SHOULD I WITHDRAW MY FUNDS BECAUSE OF CORONAVIRUS?
If your circumstances and investment goals are the same as they were before the market downturn, then we generally encourage clients to stick to their original investment plan and not to make hasty decisions.
WHAT IS THE BEST FUND TO BE IN TO WEATHER THIS STORM?
The answer is a personal one. It depends on your goals, investment timeframe and your attitude to risk. We talk about this a lot with clients because your goals and timeframe are essential in determining the best fund for you.
We have a useful Risk Profile tool to help with this on our website milfordasset.com
This is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as financial advice. Before making any financial decisions, you may wish to seek independent financial advice. Please note past performance is not a guarantee of future performance.