Behavioural finance has an increasingly central part in conversations about investment risk, since managing emotional responses plays a key role in maximising returns.
Is your wealth prepared for political volatility? Here are 3 reasons to prepare your wealth for the election.
The looming General Election underscores the need to have a professional wealth manager on board to help you navigate a potentially tricky investment landscape. Here are three reasons to prepare your wealth for the election, explains Lee Goggin, co-founder of findaWEALTHMANAGER.com.
It is becoming increasingly evident that the forthcoming UK General Election will be important for a number of reasons. Political commentators suggest that it will be the most important vote for decades as the election campaign flickers into life.
As the parties mangle economic statistics and play the blame game, you would be forgiven for switching off until you walk into the polling booth on Thursday 7 May. That would be a mistake – not only for your political wellbeing but also for your wealth. There is likely to be significant volatility ahead. Here are three reasons why:
So, the story doesn’t end on May 7; it only begins. This puts a risk premium onto UK assets, which means that they could be more volatile going forward, and may see outflows as international investors hedge their exposures. You need to consider how your investments are positioned and whether you might need some professional help in weathering any impending financial storm.
So, how can you ensure you sleep better at night, and not just in the run-up to the election, but afterwards too? Think about finding a well-matched wealth manager for your financial future.
If you haven’t considered using a wealth manager before – or if you haven’t reviewed your existing manager to check their competitiveness and suitability try our smart online tool. Or, if you would like to discuss your situation with our straight-talking team, please do get in touch here.