Stay calm in face of financial difficulties, says Financial Advisor
A local financial advisor is urging clients not to panic in the face of the financial crisis, and to ensure their money is appropriately invested.
Billingham based Carterbar believe that while investing in the markets is unpredictable, and the current global economic crisis is unnerving, investors would win out in the long run, as long as they do not react to short term issues.
Suzanne Cox, Operations Director at the firm is encouraging people to keep investing: “You can’t time the market, it’s about the length of time you spend in the market.
“Taking a mid to long term view of the markets is the way to approach events like this. If you look at the figures, investments do make money over longer periods.”
Despite the recent volatility, the markets are still growing at a rate that is consistent with the recovery stage. Sales and marketing director Craig Dyball
Believes the stock markets have been greatly affected due to low volumes of trade over the summer.
He added: “Company balance sheets are stronger and dividend yields are now higher than UK government bonds.
“Overall it is time to remain invested and to hopefully gain from a rising market in the next quarter.”