When the market crashed in 2008, many people cautioned us to move all of our portfolios to cash as they feared the worst. When we did not do so and the markets fell further, some clients were naturally unhappy so they took their money and left us.
In this episode, I will explain why we remained largely invested and continued to encourage our clients to buy in slowly even when the markets were falling.
Important note: Clients do not engage advisers to give them what they want but to tell them what is best for them.
View the full list of podcast episodes published here.
The host, Christopher Tan, is Chief Executive Officer of Providend, Singapore’s first fee-only wealth advisory firm and author of the book “Money Wisdom: Simple Truths for Financial Wellness”.
Learn more about the book here.
Music courtesy of ItsWatR.
For more related resources, check out:
1. How Best to Weather the Storm
2. Complex vs Simple Wealth Solutions
3. Where to Invest Your Money When Inflation is High
Let us assist you in taking care of your financial concerns so you can focus on what matters to you. If you would like an honest opinion on your current financial/retirement plan, insurance portfolio, investment approach and/or estate plan, make an appointment with us today.
