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Focusing On Long Term Horizons
To be successful in investing, a strategy that reflects your risk tolerance and time horizons is key. Trying to second guess how events will impact the market is rarely successful. Instead investors should focus on long term strategies that transcend the vagaries of short term fluctuations. Tony talks about where your head should be when everyone else is losing theirs.
KEY TAKEAWAYS
- Long term means at least 5 to 10 years.
- Owning a diverse range of investments including shares, bonds or property can help protect money by spreading risk.
- Be aware of the psychological effects events can have on you as an investor. Media hype can often be alarming but resist panicking.
- Ups and downs are part and parcel of investing. They are regular. Accept them as normality. If you have any doubts or worries, speak to an advisor.
BEST MOMENTS
‘When one area of a portfolio underperforms, another should provide important protection.'
‘When you turn on the radio or television, or log on to twitter or facebook, or any form of social media you might assume that volatility is a terrible thing that requires all investors to react and make changes to their portfolio immediately. This simply isn't the case.'
‘Major events causing markets to fall in particular in the short term is something we've seen time and time again and no doubt we will see many more in the future.'
VALUABLE RESOURCES
Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff
Savings calculator - Free Savings Calculator | TT Wealth Cardiff
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.
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By Tony Thomas
5
2929 ratings
To be successful in investing, a strategy that reflects your risk tolerance and time horizons is key. Trying to second guess how events will impact the market is rarely successful. Instead investors should focus on long term strategies that transcend the vagaries of short term fluctuations. Tony talks about where your head should be when everyone else is losing theirs.
KEY TAKEAWAYS
- Long term means at least 5 to 10 years.
- Owning a diverse range of investments including shares, bonds or property can help protect money by spreading risk.
- Be aware of the psychological effects events can have on you as an investor. Media hype can often be alarming but resist panicking.
- Ups and downs are part and parcel of investing. They are regular. Accept them as normality. If you have any doubts or worries, speak to an advisor.
BEST MOMENTS
‘When one area of a portfolio underperforms, another should provide important protection.'
‘When you turn on the radio or television, or log on to twitter or facebook, or any form of social media you might assume that volatility is a terrible thing that requires all investors to react and make changes to their portfolio immediately. This simply isn't the case.'
‘Major events causing markets to fall in particular in the short term is something we've seen time and time again and no doubt we will see many more in the future.'
VALUABLE RESOURCES
Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff
Savings calculator - Free Savings Calculator | TT Wealth Cardiff
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.