COVID-19: Here to support you
When you live in volatile and uncertain times, should you put your long-term plans on hold?
Read or watch the news, and you’ll encounter a world that’s volatile, uncertain, complex and ambiguous. Glance at a stock market's performance over the course of a few weeks, and what stands out is probably not the general direction of travel, but the short-term see-sawing of prices – especially during a volatile period. Those characteristics can make the task of planning for you and your family’s future feel all the more daunting.
The wide range of current challenges make the world highly unpredictable. In the context of saving and investing, the products and services we need to help us are similarly numerous and complex. Do you DIY invest, seek guidance, or look for professional financial advice? Do you know your ISAs from your pensions and unit trusts – and how do you choose? Where should you invest? In public or private markets? In equities, bonds, or property? And should you seek out active managers or passive funds?
The weight, number and nuance of such questions can make us yearn for simpler times – and bury our heads in the sand. Yet that will not help you secure a brighter future for you and your family. In times like these it’s important to take action and speak to someone you trust. At St. James's Place our community of Partners and advisers are equipped to keep your eyes focused on the horizon and work with you to help achieve your long-term financial goals.
As investors, it can be all too tempting to try to predict the future, or react to events as they happen. Yet the dangers inherent in such an approach are clear. On the one hand, your emotions can prevent you achieving your investment goals - even long-term investors can all too easily respond emotionally to short-term volatility; and make bad decisions as a result. On the other, events are unpredictable at the best of times, and perhaps especially just now. On top of all this, it's not always easy to sort the facts from the fake news. Whilst the exact route through the noise may not always be clear, the value of advice couldn't be higher at a time like this.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you invested.