By Andy Hearne FPFS
Some of our clients have recently enquired about the potential risks of a market crash and also about the impact of Brexit in particular, not to suggest that these necessarily go hand in hand. In this article, my aim is to dispel the myths, cut through the media noise and focus on the tried and tested fundamentals of successful, long-term investing, whether it be through standalone investments or pensions.
Timing the market
When looking back at past performance data, it is very easy for anyone to see when the right time to buy and/or sell would have been. If investing were that easy, we’d all be Millionaires. However, looking forward, our Crystal Ball is as cloudy as yours (or anyone else’s for that matter). This does not mean that we do not anticipate that a crash may happen at some point. In fact, history shows us that it will. We just don’t know exactly when it will happen, to what extent it will happen, nor for how long. There-in lies the first problem with trying to time the market… Timing.
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