MARKET UPDATE – (The good news)
Markets have been very volatile over the last few weeks. We have seen large falls in the markets but the good news is that now is in fact a very good time to invest. Stocks and shares are now hugely discounted. If you are looking to invest now you will be buying these at a much cheaper price, which will lead to greater returns when markets return. History shows us that markets will bounce back. It is only a matter of when, and no one can answer this. Investing is about ‘time in the markets’ and ‘not timing the markets.
The most efficient way of investing is through your pension. When you consider the substantial tax relief of up to 40%. This is in effect a 40% uplift straightway on your money, while you save for your retirement and tax free cash lump sum.
You should have received our regular market updates which provide a basic insight into what is happening each week during this crisis. We will forward another market update next week. This is also available on our website.