SJP Importance of advice in retirement
As the idea of retirement has fundamentally changed, including what people want out of older life, it is crucial to review your financial situation and choices on an ongoing basis, especially in retirement.
Retirement planning and investing requires regular maintenance, so that you can adjust as your circumstances and investment conditions change over time.
Financial advice will also help tackle some of the behavioural biases that naturally occur and affect our decision making.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
Short-term volatility shouldn't matter to long-term investors – it's just an inevitable part of investing. But even long-term investors can all too easily respond emotionally to short-term volatility; and make bad decisions as a result.
It’s natural human behaviour, and can mean we become our own worst enemy.
As the diagram shows, investor emotions tend to move in tandem with stock markets. So we often become optimistic and self-confident when markets rise, only to descend into fear and panic when they fall.
But whatever you're feeling, avoiding the temptation to overreact is key to your long-term investing success.
Your St. James’s Place Partner will be able to guide you through the ups and down of investing, helping to keep your objectives and goals in sight, and make sure your plans are robust, yet flexible.
The value of an investment with St. James's Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
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Let us help you find your local financial adviser
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