Finance and Investments

You have survived 2008 and are feeling shell shocked. Here are some tips to help you through 2009 and beyond – you should of course have a financial plan.

Tip 1 - The share market is still cyclical
It is not different this time, all asset classes have cycles. You just forget about it after five years of positive growth with few corrections.

Tip 2 - Volatility will continue
You cannot call the highs and the lows. Dollar cost average, that is buy every month, set up a regular savings plan.

Tip 3 - Prepare for Downturns
Work out how much risk you can stand and structure an exit strategy into your investing life. The hardest thing for you to beat is not the market but your mindset (for more on this read Money, Money, Money Ain’t it Funny).

Tip 4 - Getting it right is not easy
Even the best get their picks wrong. If you or your advisor is right almost 80% of the time – remember it’s your losers you sell, not the winners! (For more on this read Money, Money, Money Ain’t it Funny).