Stock market falls and the impact on your wealth.
Friday 21 May 2010
It is Friday 21 May and the FTSE 100 is 4986.
There have been heavy falls in the UK stock market.
What can investors do?
We suggest that investors that have portfolios with private banks or stockbrokers to establish what action their fund managers have taken to avoid the fall in asset values. In truth, if fund managers are actively managing your money, they should be taking action to help avoid or minimise any falls in your portfolio value.
As such, it is important to challenge your fund managers, stockbrokers or advisers regarding performance.
Here are some questions you may want to put to your fund managers:
What action have you taken in recent weeks to minimise the fall in the value of my portfolio?
What action do you propose to take now, if any and why?
Our experience shows that often the answers you receive will be complicated. At similar times in the past, the reasons given, at first sight seem plausible, but on analysis show confusion, sometimes panic, with no real clarity of action and some even saying, ‘steady as you go’ and ‘not to worry’. Whilst ‘steady as you go’ and ‘not to worry’ help calm emotions in volatile periods, such statements hold no substance if your stockbrokers, fund managers or advisers are actively managing funds.
Action is required.
In truth, if ‘steady as you go’ and ‘not to worry’ answers are given, you could well be paying for activity but not receiving it!
Unfortunately it is the investor that loses; so if you are serious about your money, we hope you will start to ask questions as soon as practicable.
We are passionate about delivering the truth about investments and investors need the tools to discover the truth. The tools are questions and answers. We hope you will ask the right questions at the right time to help you make good decisions.
We wish you good luck.
posted by Murray Round Wealth Management @ 14:24,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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