Without blowing our own trumpets, at the beginning of May we were concerned about the future direction of equity markets and recommended to clients that they sold their equity positions and held their funds in cash. No one including ourselves anticipated the furore and mild panic that set in early in August and which then in our opinion presented a buying opportunity. Our clients were advised to re-enter equity markets in mid August 20% below the year’s highs.
The point is it is impossible to predict either the bottom or top of a market cycle and markets by their very nature are unpredictable but if you work with an adviser that understands market trends’ and reviews your portfolio on a consistent basis there is a better chance of making more right decisions.
Now what did your adviser say? Call our wealth managers Spain on Telephone +350 200 50982 or email wealth@fiduciarywealth.gi
