It is at times like this when an unexpected event causes severe market volatility that we are reminded of the importance of de-risking, especially in later life. William Burrows explores the issues...
Global financial markets have weathered many storms over the last few years with the most recent resulting from the war in Iran. Each time there has been a financial shock markets have bounced back. At times like this investment firms send out their ‘don't panic and stay invested' messages and most of the time this is sound advice. But what will happen if there is a storm so powerful that markets do not quickly recover? Investors will be nursing huge losses and financial plans will be left in ruin and those approaching retirement or already in retirement may find themselves in a precari...
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