10 days or 10 years? A story about one clients investments
It’s December 2018.
A client calls in, asking what he should do with his investments.
At a loss, I ask him to clarify what he means.
“Haven’t you seen the market? It’s down 2%!”
I look at the performance of his investments:
– Since yesterday: -2.03%
– Since last week -0.32%
– Since last month: +1.74%
– Since last year: +8.43%
– Since 10 years ago: +112.54%
I ask him if he needs to cash in his investments in the next 10 days.
“No,” he says.
I ask him if he needs to cash in his investments in the next 10 years.
“I don’t think so,” he says.
“I’ve got enough money coming in so that I can leave my investments alone,” he tells me.
I ask him if he wants to achieve another 100%+ return over the next ten years.
“Yes,” he says.
I kindly ask him to stop looking at his bloody investments every day then!
All the best,
James Mackay, Independent Financial Adviser in Bristol
P.s – if you want a little more help with navigating your investments, check out the 7 Simple Steps to Investment Success. It provides you with a proven process to help you avoid costly mistakes and tilt the odds in your favour. You can get a copy by clicking here.