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Bagging a Bargain

Black Friday, Cyber Monday; unless you’ve cancelled your newspapers and switched off your television, PC and radio over the last week it’s been hard to avoid being bombarded by adverts all suggesting that you buy, buy, buy. Initial reports say that on Black Friday at least, the UK public avoided the shopping centre scrum experienced last year, preferring to stay indoors and shop online.

But despite all the tempting offers, a bargain is only a bargain when there has been a genuine price reduction and when the product was something for which you had already identified a need. Carefully thought out and planned, price incentive shopping days can be productive; but if you are simply reacting to the moment then you may come to regret your purchase in future days.

It’s a lesson which also applies to many walks of life, including the creation of an investment portfolio. If you rush into an investment because you’ve seen an advert or even because you think that it’s about time you started planning for your future then you may not finish up with the optimum investment to suit you. That’s why investment advisers are required to take time to work with clients to identify their current financial situation and their expected future requirements in order to advise on a portfolio which meets individual needs.

If you’re looking to create an investment portfolio to meet your current and future requirements, or if your situation has changed and you may therefore need to review your existing portfolio, contact Beckworth by using one of the links on our website.