The coronavirus pandemic has impacted a lot of industries, particularly financially. You may think now isn’t the time to be investing money considering the volatility of the economy, but now may actually be the best time for you to invest your money.
Is now a good time to invest?
COVID-19 has meant the investment market as a whole has seen drops in recent times and this can certainly be off-putting if you are looking to invest money. The market is starting to recover, but prior to the coronavirus it was performing incredibly well and it’s safe to say we aren’t back to this point yet. This actually means now is the best time to invest because you are likely to make smarter investment choices on a more reserved level.
It’s natural to be fearful of the poor markets and assume the worst. However, when everything is performing well and the market is in a good state, you’re more inclined to make rash investment decisions which could result in bigger losses if and when the market drops.
How much should you be investing?
How much you invest is completely down to your individual circumstances – there is no magic amount that will guarantee you great returns.
We tailor our service and expertise depending on the sum of money you are looking to invest. We deal with a wide range of people with varying financial levels, from those who want to invest smaller, regular amounts on a monthly basis and those that have a one off large sum of money.
Our initial consultation that allows us to establish the service level we both think is suitable for you and the amount of money you are looking to invest. But above all, we use this time to ensure investing is the most suitable option for you and your money.
Having expert guidance for your investments does mean you pay an additional fee – but we establish the right fee for you and the level of service we intend to provide in our free consultation, so you come away knowing as much information about the service you will receive as possible.
Do you need to know where you want to invest your money?
The world of investing is a daunting one and there are so many areas where you can put your money, it can seem extremely overwhelming and hard to know where to start – which is where we come in.
When our clients approach us, it usually means they want to refrain from being heavily involved in the running of their investments. Having an expert on board means you can sit back and let us do the work, without having to worry about the finer details.
We take our time to get to know our clients in order to get the best out of their investments. It’s important to know the interests people have and the risk levels they are comfortable with, so we can then treat each case individually and tailor our service accordingly.
How do I keep track of my investments?
How often we review your investments and track performance depends on the amount of money you have invested.
Our level of service differs depending on how much or how little our client wants to get involved. We use various platforms to monitor different types of investments. For example, if we were investing in pensions for someone, they would be able to view and access this on a daily basis. We also ensure you are always updated on any marketplace changes, huge interest rate fluctuations or if there is anything specific we feel you need to know.
The 2007/2008 economic crisis and COVID-19
The economic impact COVID-19 has presented may reflect that of the 2007-2008 economic crisis. While we might see some symmetry in the national economy, clients that made investments during this time are currently sitting on healthy returns due to the long term nature of their investments.
This is testament to the power of investing for a longer term. Despite natural fluctuations as well as the effect of the economic crisis, the rise in the market after this meant their investments picked up momentum.
The confidence in the investment market has also grown since the economic crisis, so it’s expected we will begin to see upwards movement once the current coronavirus pandemic begins to ease.
So, if you’ve been thinking about investment and want to get in touch with expert fund managers for a tailored consultation – now just might be the right time.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.