Dune (2021) Sky Cinema Premiere, 8pm

The first part of director Denis Villeneuve’s take on Frank Herbert’s complex sci-fi classic is a coming-ofage tale set against an interplanetary war. Timothée Chalamet (above) heads the all-star cast as young heir Paul Atreides, who arrives on Arrakis after his father accepts the dangerous planet’s stewardship. ★★★★★

rather than scrabbling around to put one together in a hurry, AJ Bell’s Khalaf suggests buying a fund that tracks overall stock market rises and falls.

‘Consider using exchange traded funds (ETFs) to gain quick exposure to markets as a placeholder to benefit from any rapid rebound in markets while you assess where the best opportunities are,’ he says. ETFs invest in hundreds or thousands of companies at low cost and are easy to trade throughout the day.

Another option is to buy more of what you already own. These should be companies or funds that have already made the grade, so it can make sense to buy even more at a lower price.

However, Phil Webster, manager of BMO UK High Income Trust, warns against doubling down too much on a few holdings. He says: ‘I worry that many individual investors who invest in shares often only hold a handful. New investors in particular may have bought companies where there was a buzz and then have not looked to diversify.

‘No fund manager would risk holding just five or six companies. If markets do fall, it may be a good time to add your shopping list to your portfolio to reduce reliance on a small number of companies.’

If you have a penchant for a particular type of company, a falling market may be a good time to add to areas where you have little or no exposure.

For example, Khalaf suggests if you sat on the sidelines of the US tech boom because you worried share prices had peaked despite good long-term prospects, you might consider going for it in the event of a market correction.

LOOK FIVE OR MORE YEARS AHEAD

WHEN turbulence hits markets, it can be hard to look beyond the next few months. But if you are investing for the long-term you need to consider how companies you like will be faring in many years’ time.

BMO’s Webster has recently added to his holding in online fashion company Asos on this basis. He says: ‘Its share price has been hit by the recent volatility as well as supply chain issues. But, it is still forecasting growth at ten to 15 per cent a year.’

Henderson’s Ross has a similar long-term approach. He says that while oil prices have risen sharply since Russia’s invasion of Ukraine, the bigger story is the impact on renewable energy firms. He says: ‘You can’t build a windfarm in a month to reduce reliance on Russian gas, but it really helps in the long term.

‘We see a much more interesting long-term outlook for renewable energy firms today than six months ago – and even six months ago the outlook was pretty positive.’

He has invested in Danish wind power firm Orsted for this reason.