Left in the financial lurch?
Written by Lynda Calver on February 25, 2016.
There is definitely something in the air at the moment as I have been contacted by a large number of people who have been abandoned by their financial advisers. It could be the cold snap we have been experiencing in Hong Kong which has frightened them all away but that seems a little far-fetched! A more likely reason is the effect of the current volatility in the markets has had on their client’s investments – many have bombed.
It is an inescapable fact that global markets are currently in turmoil. Economic factors in the Eurozone, the US and China are leading investors to ditch stocks and as the herd mentality gathers momentum a downward spiral is emerging. No-one is currently predicting an end to this extreme volatility in the near future and many financial advisers appear to have taken the easy way out, legging it and leaving their clients well and truly in the lurch. Of course this makes their savings and investments even more vulnerable.
I’m not denying that it is a tricky time to be a financial adviser. All clients with investments may have been affected by the current crisis and part of my job is to make them aware of the situation and attempt to mitigate the effects of these difficult conditions. One way to help weather the storm is to assure your assets are well diversified. This protects capital during volatile periods but makes it possible for investments to grow during better economic times.
If you have been left in the lurch by your adviser, or if you know someone who has, why not make an appointment with me to see if I can help. There is no charge or obligation for an initial consultation and, at the very least, you can get a second opinion on the investments you hold.
If you would like to meet get in touch with me at firstname.lastname@example.org or call +852 9250 9007.