Investing with confidence while markets are volatile can be difficult. However, history shows that major stock markets have always reacted, and recovered from every downturn. Being able to take advantage of each recovery requires one thing; Time.
Timing the market as an investor is an almost impossible task. Even in today’s technology driven world with powerful software and systems, no human or computer can honestly profess to predict what will happen from one moment to the next.
As the saying goes; ‘time in the market trumps timing the market’. This means rather than trying to time when to buy or sell, simply remaining invested offers the potential for greater returns as the longer your money is invested, the more time it has to grow.
The best time to start saving is when you receive your first pay packet, in reality this is easier said than done. Don’t worry though, you will be pleased to know that the next best time is today. If you want to keep the life you have become accustomed to and enjoy your retirement, take action now and make everyday count.
While you may be tempted to drip feed your money into a savings plan, a lump sum investment has less transactional costs so you reduce the amount you would pay away in fees straight away. It removes the temptation to stop investing and of course the longer your money is invested, the more time it has to grow.
Essentially you have two options; leave it where it is, earning little or no interest or to invest in smaller, regular increments. This is known as Dollar cost Averaging , which can read more on by clicking here
You work hard to accumulate your wealth, and regardless of which type of savings vehicle you opt for, Skybound’s team of global investment experts work constantly to find ways to protect and grow your investments so you can rest easy knowing that your tomorrow is everything you dreamed it would be.Talk To An Adviser
You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.