Latest News and Events

Investing in the Long Term

At 10:00pm on 8 June the nation paused. The general election exit polls were forecasting a hung Parliament and that was one result few had predicted. The initial response from the markets was to see the pound fall against the dollar and the euro, whilst the FTSE 100 rose slightly higher.

But whilst those are initial reactions, what does the election result mean in the longer term?  Interestingly some commentators are predicting that a hung Parliament may in fact be better for the markets than a landslide would have been.  That’s because when legislation has to achieve consensus it may be less drastic and therefore could be more likely to favour business as a whole. 

 We’ll have to wait and see whether those commentators are proved right but the best advice for investors is not to panic or over-react to the immediacy of the moment.  Investing in the long term means just that; making decisions based on individual circumstances and long term goals.

 If you’re looking for pensions or investment advice, or if your situation has changed and you may therefore need to review your existing investments, contact Beckworth by using one of the links on our website.