Here are our four golden rules when it comes to investing during a financial crisis:
1. Stay calm: the war in Ukraine and the cost of living crisis have stirred up a lot of emotions, but stay rational about your investments.
2. Consider your aims: investing is personal. Your choices depend on your circumstances, objectives, needs and risk tolerance
3. Make the most of tax relief: you can invest tax-free with an ISA. You can also get an instant uplift with a penion and a Lifetime ISA as the government will add extra cash whenever you pay in more money
4. Drip-feed your money: if the markets go down further you’re buying at a cheaper level and it could help smooth out your returns, with the hope they recover and grow in the longer term.
I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…
