The ramifications of the past couple of years with regards to economic stability should have highlighted to financial observers that there is no such thing as an efficient market.
Markets are sometimes prone to ‘overshooting’, and when they do the consequences of any fall out affect us all. For example, take into account the spectacular collapse of Lehman Brothers in 2008 and financial entanglement that followed.
As a result of the economic collapse, people’s attitudes to financial planning have changed and now seem slightly more reluctant to invest money for fear of losing their life savings should a crash happen again. If they follow sound investment advice however, their fears can be put aside and replaced by a healthy financial plan and investment security to be optimistic about. Here’s how…..
A major shortcoming that can cause investors to stumble and not reap the potential rewards is narrow mindedness. The world’s biggest and most successful investors have a long term plan and don’t panic when the short term outlook isn’t favourable.
Instead they maintain sight of their long term goals and continue to look at the big picture.
Campbell Harrison has a dedicated and talented team of advisors who help people maintain focus on the medium and long term and not panic about, what can be major short term fluctuations.
Consider your financial planning situation and give us a call to find out which investments are right for your long term aims