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Rainy Day Savings
Believe it or not, we in Devon are experiencing average temperatures for the time of year. It may not seem like it as yet another rain shower sweeps over but, as so many have commented recently, it’s better to be a bit wet than to experience the extreme heat currently being seen in parts of Europe and the USA.
How these temperature fluctuations feed into raw materials manufacturing and food production depends on the individual product lifecycle. However, we do know that weather can have an effect on production outcomes. For example, the Australian wine industry is already predicting the lowest white grape yield since 2000 thanks to unseasonably cold and wet weather earlier this year.
This mix of temperatures, climates, and weather patterns is one reason why best investment advice looks to spread investments not only across business sectors but also across the globe. Investing in this way could help to smooth out peaks and troughs of performance; in the process helping you to save for a rainy day.
If you are looking for advice on investments, or if your situation has changed and you may therefore need to review your existing pensions or investments, contact Beckworth by using one of the links on our website.