I find it fascinating the number of people that come out of the woodwork when market are volatile claiming that they can time the market and that they are experts and you would be crazy to invest money in shares now it’s too ‘risky.’
They move their funds to cash or term deposits and then brag at barbecue’s that they ‘got out’ prior to the downturns. I see it a little bit like gamblers who tell you about their wins but never their losses.
Here’s a couple of articles by Axa and Vanguard to illustrate the concept of timing in rather than timing markets. There is a lot of data supporting these concepts but I feel it’s when we are experiencing volatility such as the current situation it is an opportunity to make sure we refocus.
In practice we need to review our investment goals and objectives and objectively look at what we are trying to achieve. We need to focus on the long term nature of growth investments and get past the short term volatility and ‘noise.’
Do not make major changes to long term strategies at the drop of a hat and make sure that your investments have a level of risk that you are comfortable with.
Disclaimer
The information on these pages is provided in good faith and is to the best of our knowledge accurate. We provide it without any warranty as to its correctness of statement or opinion or its suitability for any particular purpose. Any advice on this blog/website is of necessity general in nature and not specifically tailored to suit differing individual circumstances. For that, you must seek and we advise that you do seek financial advice from a licensed professional. Sean Thomas can accept no liability for any decisions that you may make based on the information on this blog/website.
They move their funds to cash or term deposits and then brag at barbecue’s that they ‘got out’ prior to the downturns. I see it a little bit like gamblers who tell you about their wins but never their losses.
Here’s a couple of articles by Axa and Vanguard to illustrate the concept of timing in rather than timing markets. There is a lot of data supporting these concepts but I feel it’s when we are experiencing volatility such as the current situation it is an opportunity to make sure we refocus.
In practice we need to review our investment goals and objectives and objectively look at what we are trying to achieve. We need to focus on the long term nature of growth investments and get past the short term volatility and ‘noise.’
Do not make major changes to long term strategies at the drop of a hat and make sure that your investments have a level of risk that you are comfortable with.
Disclaimer
The information on these pages is provided in good faith and is to the best of our knowledge accurate. We provide it without any warranty as to its correctness of statement or opinion or its suitability for any particular purpose. Any advice on this blog/website is of necessity general in nature and not specifically tailored to suit differing individual circumstances. For that, you must seek and we advise that you do seek financial advice from a licensed professional. Sean Thomas can accept no liability for any decisions that you may make based on the information on this blog/website.
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