A time for bargain hunters?
Markets have plummeted over the past 10 months as the impact of the credit crunch has moved from a concept affecting only investment banks to the full reality of the high street. The FTSE 100 Index ended 2008 30% lower than it started and the economic downturn has left investor confidence at rock bottom.
However, for some analysts, this is an opportunity. Whilst there is undoubtedly more bad news to come – this is not the end for every company. It might take time and markets will remain volatile but the stronger companies will survive and eventually emerge in much better shape, with lower cost bases and perhaps even greater market share. A well thought out investment, therefore, made for the long term could also leave your finances in good shape.
Equity investment is not for everyone and your investment could go down as well as up, especially over the short term. However, if you are interested in considering your position in more detail, we can help.
We specialise in helping people make the most of their money and scour the market for the best investment products which can help you meet your objectives. If you would like to make 2009 the year you take the plunge, please contact our Independant Financial Advice Team on 01900 603623.