By Linda Nel, 30 June 2020
I believe investors have more control over their finances than they think. There is a lot you can do to improve your current – as well as future – situation, with the right advice and solutions.
Yes, investment values have taken a knock, but those who remained invested would have benefited from the recovery in May. If your goal is a medium- or long-term one, then don’t touch your investment – let it benefit from further recovery in the market. If your goal is a short-term one, discuss your options with your adviser before cashing out the funds. There may be a better option available to you, than locking in losses now and not being able to take part in market recovery.
We acknowledge that the array of different solutions, as well as the rules and legislation pertaining to the investments – can be bewildering to an investor. We therefore urge you to speak to a licensed financial adviser before making any critical financial decisions. Add those meetings with your adviser to your list of financial non-negotiables.