Five behavioural tips for investors to deal with volatile markets
By International Adviser, 14 Oct 22
‘Corrections and resets are a necessary part of being an investor’
Prioritise personal finance
Henry said: “If you are compelled to do something, start with the bread and butter of your financial plan. Can you afford to save more each month, or invest spare cash?
For those who are net savers, lower prices are a godsend. You are a forced buyer of financial assets for the next 10/20/30 years. May as well try to capitalise when both major asset classes, equities and bonds, are falling.
“Have you subscribed to your ISA allowance for this tax year? Can you afford to make further pension contributions? Should you be harvesting losses within your portfolio to offset against future years’ capital gains?
“Tax efficiency plays a huge role in your long-term outcomes and a financial adviser can be crucial at times like this.”
Tags: Quilter Cheviot
