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Keep calm and in control of your assets

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Keep calm and in control of your assets

There’s an old contrarian investing maxim from Baron Rothschild that says “the time to buy is when there’s blood in the streets, even if the blood is your own.” The idea is that the best investors strategise when others panic, allowing them to buy stocks on “sale.”

The legend of Warren Buffett was built on this philosophy during the market turmoil of the mid-1970s. My message to people in the current market is “don’t panic and don’t sell”.

Keeping hold of your investments unless it’s absolutely necessary is my advice to clients at the moment. Of course every individual has different circumstances. However, I do know that panic selling is not a good investment strategy.

We’ve seen more than 200 points wiped off the FTSE 100 today alone and it’s a nervy ride for many investors. Keeping a calm head is wise. If you need to talk to anyone at Applewood don’t hesitate to give us a call.

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