Hosted by Brigitte Rupp, our Financial Adviser for France, there was an art exhibition of selected contemporary works provided by Galerie Oscar and some great talks. David Miller, from Quilter Cheviot, discussed Investing in 2016; Andy McKay, from IDAD, spoke about Securing Growth in all Market Conditions; and Tony van Vuuren, of Acces International, gave a talk on Monaco, the Ultimate Tax Haven. The BFMI Director, Paul Brown, gave a brief overview of The Blacktower Group services available.
Other News
How to invest wisely during the Coronavirus meltdown
At time of writing, global stockmarkets have witnessed some of the largest daily fluctuations since the financial crisis; on the back of continued concerns with the virus and how long it will last and the impact on the global economy.
For new investors this can be extremely worrying times as you will not have been used to such short-term volatility. For seasoned investors who went through the financial crisis of 2008, the technology bubble of 2000 and even black Monday in 1987, the short term pain being witnessed is often seen as a confirmation that although stockmarkets can’t always go up, over the long term, they always have done so. With this in mind, it is important to remain calm and not change your investment time horizon. If for example you are saving for your retirement ten years from now; then maintain that timescale and don’t panic sell on the back of a matter of weeks of market downturns. The reason for this is that the coronavirus is an unforeseen event as opposed to their being any change to market fundamentals. Parallels can be drawn with the SARS outbreak in 2003. Markets fell over 14% at that time, yet the year ended up 18% higher – a swing of over 30% from bottom to top.
UK Workers Unprepared for Retirement Compared to Europeans
With the cost of living crisis worsening in the UK, many workers are concerned about the future as well as the present as the pressure of rising interest rates and the prospect of a recession makes it increasingly difficult to put money aside for retirement. However, when compared with the population of mainland Europe, it […]