How to choreograph your investments?
How to choreograph your investments?
From cold feet to achieving financial goals, Financial Planners, Holland Hahn & Wills discuss how to plan to maximise your return.
When it comes to investing, you need to start with a plan, much like choreographing a dance. It should be well thought out and balanced. Investing for the long term in a diversified portfolio of many stocks, rather than dipping in and out of the market and focussing on one specific company, helps to ensure you are able to benefit from the market upturns and are protected against major loss when the market falls.
A good financial professional should remind you that there’s no proven way to time the market— there is no crystal ball, so prediction is purely guesswork. Getting cold feet and jumping out of the market could mean missing a brief period of strong returns which can drastically impact overall performance. It is like a ballet performance – you can’t just pop in and expect to see the best bits.
Creating a plan for your money can prepare you for when the market quickly goes up (e.g. at start of the pandemic). This is about having a plan for how you invest, through thick and thin.
The key question is “Why are you investing?” It’s not a plan if there aren’t goals. Do you know how much risk you are prepared to take? Focus on controlling the things that are in your control (markets are not) perhaps by saving more and spending less.
A plan without a goal is just a wish. And wishes don’t always come true…except perhaps in fairy tales! To be looked after by a firm that is interested in you and not just your money, speak to Holland Hahn & Wills to discuss your financial situation.
An initial chat is free, with no obligation and could save you a lot of worry!
020 8943 9229
enquiry@hhw-uk.com
This article is for information purposes and should not be treated as advice. Individual circumstances should always be considered prior to purchasing any financial products. Investing involves risk – the value of investments and income from them may fall as well as rise and is not guaranteed.
