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Reacting to News
Even when you are investing for the long term it can be all too easy to be tempted to react to certain news stories. Take China for example. The most recent quarterly growth figures reveal that China’s growth has ‘slowed’ to an annualised 6.7% (down a whole 0.1% on the previous quarter). Should you react and withdraw investments or should you reason that growth at 6.7% is still way above the UK level of around 1.5% and therefore invest more in China. Similarly, how do you react to talk of trade wars? Will they benefit one country over another or is the IMF correct that they could result in a 0.5% reduction in world growth?
The answer, as with so much else in life, is that your response will depend on your own circumstances and future expectations. Whilst investing for the long term doesn’t require a ‘fix and stick’ approach, it does require a long term view which accepts that the value of investments can fall and rise over time. The best advice recommendation therefore is to invest based on individual circumstances with regular reviews to take account of changing personal and other factors.
If you are looking for 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.