First Brexit, Now Trump - What About My Investment Portfolio?
We have had our fair share of political shocks in 2016 and, with important elections looming on the horizon in Europe over the next 18 months, the political uncertainty looks only set to continue. What does all this mean for your investment portfolio?
Our advice would be to:
- Keep a cool head
Short-term stock market volatility is expected in the wake of significant political changes, so don't make any rushed decisions - stick to your long-term investment strategy.
- Stick to any regular savings
When you invest regularly over a period of stock market volatility this will smooth out your returns and minimise the 'timing risk' of investing at the wrong moment.
- Hold a mix of assets
If your portfolio is made up of a diverse mix of assets this should strengthen your portfolio, making it better able to withstand any short-term political risks wherever and whenever they present themselves.
- Look for opportunities
When prices are fluctuating, at certain points some investments will seem under or over-priced. This can be an opportunity to trade to take advantage of these anomalies. Unless you keep a very close eye on the markets, a professional investment adviser is likely to be best placed to make these decisions.
The main thing any doctor with investments can do to ensure they are in the best possible position to work through the expected volatility is therefore to make sure their portfolio is diversified and invested in quality, well researched, active investment funds.
For personalised advice on your portfolio, please contact Richard Higgs, Chartered Financial Planner, on 0117 966 5699 or email him on firstname.lastname@example.org or through the website at www.wealthwestmedical.co.uk.
Remember we are unique in that we do not charge any upfront investment fees and instead ask that new clients make, if at all possible, a voluntary donation to a local charity in lieu of any initial work done on your behalf. Our recommended charity is Jessie May however of course any donation can be made to a charity of your choice.
Donations to Jessie May can be made at www.justgiving.com/jessiemay