24th March 2020

In these unprecedented times the health and well-being of our families is our number one priority, however we must also give some thought to our savings so that our financial future is safeguarded after the COVID-19 outbreak is contained.

Stock Markets are suffering losses and the global economy is facing what could be the biggest challenge in history, with the IMF yesterday stating that they see a recession coming that will be at least as bad as the financial crisis of 2008.

If you have a market based portfolio it will have fallen in value significantly in recent weeks due to the COVID-19 outbreak and the following facts make further losses almost inevitable:

– We were at the height of a long running bull market when this crisis hit so valuations were at all time highs

– Interest rates are at zero across the world so central banks lack tools to stimulate economies

– We see record levels of leverage and overbought stocks

Now is the time to look at your portfolio to make sure that you are saving into a platform which has the ability to hold value through these times and is not burdened with heavy charges and stock market exposure, think about moving into real tangible assets which offer a safe haven and a fixed rate of return through these uncertain times.

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