We look at whether you should sell shares and hold off buying a home, or just sit tight
The conventional wisdom in the pensions and investment industry is that you should sit tight. Jason Hollands of advisers Tilney says: “Now is the time for investors to exercise nerves of steel and to avoid the temptation to kneejerk sell long-term investments in reaction to short-term turmoil; in so doing they will just crystallise losses. The market is now pricing in a worst case scenario and with such negative sentiment hitting stock prices, those in a position to do so should consider feeding new cash into the market, picking up shares that have been indiscriminately marked down. As Warren Buffet once observed: “Be greedy when others are fearful.”
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