Three tips for navigating market volatility
By International Adviser, 12 Feb 18
Recent market volatility can represent a challenge to clients’ nerves – behavioural finance expert Greg Davies has three top tips for smooth investing in the turbulence.
Sit down
“Sit down with a damp towel over your head and think what you are invested for,” continues Davies.
“If you have a diversified portfolio you will have some assets which are less susceptible to volatility.
“Now everything you want to buy is on a discount – you can take some of that dry powder and use it in this opportunity to buy and rebalance your portfolio.”
“A correction is a good thing for a long-term investor you just need to change your mindset.
“Unless you need the money in the next three-to-five years, the significance of last week’s volatility is almost negligible.”
Tags: Volatility
