The recent news of Russia’s devastating attack on Ukraine has come as a shock to many of us.
Every day we’re hearing reports of the impact that this is having across Europe, and indeed across the globe. Whether this is images of Ukrainian people fleeing their homes, an increase in involvement from other nations, or indeed the effect it is having on financial markets, it’s natural to feel an element of anxiety.
Russia’s financial system is being hit with severe sanctions, the likes of which we haven’t seen in recent times and you will no doubt have seen the reports of market volatility.
However, it’s important to remain calm and avoid making any rash decisions about your investments that could affect your long-term financial goals.
It pays to invest for the long-term as illustrated here.
When markets are volatile, it is often tempting to exit the market or switch to cash in an attempt to reduce further expected losses. However, it is impossible to time these movements correctly as no-one has a crystal ball to predict future movement, so being out of the market for just a few days can have a devastating effect on returns as shown here.
Please rest assured, investment experts across the finance profession are closely monitoring possible outcomes and what they will mean for you and your investments – not only in the short term, but also the longer term.
We’re here to help
As your financial adviser, I’m here to guide you through any eventualities that arise. I’ll be here to support you throughout this period and keep you updated of any important changes affecting you and your investments.
Together we can work out what’s best for you to help you reach your long-term financial objectives.
If you are not currently a client of Christopher Little & Co and have any questions or would like to discuss the impact of these events, please feel free to get in touch.
You can arrange a meeting by emailing me at email@example.com calling me on 01943 851080.
The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.