Informed Choice chartered financial planner Martin Bamford was quoted in the Daily Express today, in an article looking at how investors should deal with the recent levels of stock market volatility.
Most investors should keep calm and carry on, says Martin Bamford, chartered financial planner at independent financial adviser (IFA) Informed Choice. “Many people are investing for the long term, say five, 10, 20 or even 30 years to provide income in retirement,” he says.
“Over such a long period current stock market woes will one day seem like a blip. We have been through a tough time but things should improve. Most investors can do nothing except grit their teeth and stick with it.”
He advises not to sell investments now as it will crystallise losses, and adds: “We saw after the eurozone bail-out how quickly share prices can bounce back. So be patient and give your investments time to recover their lost value.”
You can read the article in full here.
