Should we worry about the Greek crisis?
We live in uncertain times – what should you do?
At times like this its hard to kow what to do about one's investments.
One option is to stay where you are, ride out the crisis and hope it will all come out right (This is called invest and hold – or invest and hope!). This would have been the best decision in the last few years but not in 1999.
Another option to disinvest and move into cash and then reinvest when things settle down, a real temptation in troubled times like this. Problem is there is a cost involved, sometimes as much as 5% each way and again if you had done that in 2008 when things looked bad before you would be kicking yourself now.
Our conversations with some fund managers lead us to believe that there is no need for panic, unless you foresee needing cash in the near future it would be better to stay where you.
After all at the moment this is a sovereign debt issue and that is driving up the value of corporate bonds.
Of course this is just general advice and you should not rely on it alone to make any decisions, if you would like to discuss your individual situation please call us now.
We will be reviewing some of the research behind the fund managers opinions in the next few days so do watch this space, so sign up to our blog now and we will keep you up to date.
