Situations faced as Sensible Investors
The situations faced as sensible investors are calling for wise and prudent investing.
Most people, if they are not worried, they are concerned about the current business and financial environment.
We are in such uncertain times with Covid-19 around.
The question on most of our lips is “What is going to happen next”.
Some of the leaders and worlds thoughts:
Dave Ramsey “Be prepared for a recession” & “Remember your goal”.
Warren Buffet “the pandemic has had an ‘extremely uneven’ impact and is not yet over”.
WEO “Fault lines widen in the global economy”.
Deloitte “many investors and officials around the world remain worried about what will happen when tapering ultimately begins”.
UN “COVID-19 pandemic will be felt for years to come unless smart investments in economic, societal and climate resilience ensure a robust and sustainable recovery of the global economy”.
World Bank “On track for strong but uneven growth as Covid-19 still weighs”.
So, we can clearly see and feel that the current economy worldwide, and even closer home is having its effects.
How we should not respond to the situations faced as Sensible Investors
We should not be emotional and erratic about our financial and business decisions.
As well, we should not be looking for that automatic quick fix. As in the next best 3-to-6-month growth investment or typically advertised at 500% growth rates. We should be careful when listening to the, “all eggs in this basket” mentality.
Therefore I think, a lot are feeling, “if I could get an immediate solution” then all my problems are sorted and I can quietly go sit and retire on the beach.
While, I think retiring on the beach is a great idea (there I go now LOL). It is really something that needs to be a long term plan. The plan that stays the same through the good and difficult times.
Be careful the scamsters are looking to get rich of your emotions.
Therefore, our response should really be the following:
1) Stick to the sensible tried and tested investments.
2) Consider Value and Dividend stocks.
3) As well consider a portion of Fixed Notes.
4) Stick to your strategies and goals.
5) Add Dollar Cost Average investing to your portfolio if you do not have.
6) Of course hold a sensible Emergency Fund.
7) Then keep the correct balance of diversification in your portfolio.
8) Keep costs low in relation to returns.
9) Have a clear long term goal.
10) Let compound interest do its work.
11) Lastly review and review again.
If you would like all 11 Keys to be running effectively, then why not be in contact with myself, and we set a time to chat.
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