A Glimpse of the Future
Posted by siteadmin on Monday 22nd of May 2017.
The value of pensions and investments and the income they produce can go down as well as up and you may not get back as much as you put in.
The pendulous swings between markets are set to continue, at least in the short term. Recent movements saw oil and gold rise as stock markets fell. If you’ve invested too heavily in a losing sector, you might want to hold your nerve: however, making your portfolio more balanced creates a safer harbour for your investments. Of course, we’re always on hand to advise you in this area.
Also, remember the example of the long-term investor vs the short-term investor in which the long-term £10,000 investment gave a return of £34,778. Read the full article here.
Financial hindsight vs foresight
Finally, remember Scottsdale has a system that provides a personal financial forecast for you or your household. It enables you to test-drive various ideas to see how they’d affect your quality of life in the future: for example, you might be considering becoming self-employed, or upsizing or downsizing your home.
It’s also useful for the younger working generation to help them secure their ideal retirement. It educates them on how their working life affects their later life: for example, most wealthy retirees will have worked for 30–40 years. The message is, if you don’t take responsibility for your own retirement early enough in your working life, you can’t go back and change the decisions you made.
Whatever stage of life you’re at, if you’d like to see a forecast of your financial future, or if you’d like help to balance your investment portfolio, just call us to arrange a discussion with one of our specialists.