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Building and protecting your wealth

How to Focus on Your Long-Term Goals

There is no doubt about it: investing is most certainly all about the long game. Age-old advice about investing is that you need to keep your eye on the horizon and stay the course. Don’t let the market’s inherent volatility deter you or make you second guess your decisions. Here’s how to focus on your long-term goals.


This does not constitute advice and advice should be sought in all instances before acting on it.


Ensuring you have a diverse portfolio – owning a mix of assets, including shares, bonds, and investments such as property – will help protect you over the years. This is because when one area of a portfolio underperforms, you will have others to pick up the slack.

No one can predict how severe any market interruption will be, or how long the ripple effects might last, so diversification and perseverance will be your saving grace.


Balancing risk and timeline

A well-put-together portfolio will be designed based on your own personal attitude toward risk, so you don’t feel the need to constantly be switching up your investments. It will also take into consideration the timeline within which you’re operating.

Knowing your investments were made with these elements in mind should help you remain committed to your plan. Resist the urge to react to dips and valleys and drown out any white noise that the media (or social media) might be making.

This should also leave you open to taking advantage of opportunities that market volatility creates.


Market ups and downs

As coronavirus continues to impact our lives, it’s unlikely that knock-on effects from the pandemic will be going away any time soon.


This isn’t the first time that the market has fallen as a result of current events, and it most certainly won’t be the last. This is why it’s important to stay abreast of what’s happening in the economy, but also why it’s even more important not to worry too much about when things might return to normal. 


We know that they certainly will, so the key is to stay focused and trust your strategy to help you reach your goals.



Staying the course

Markets all around the world are experiencing volatility, so people everywhere need to be equipped with how to handle it. Don’t panic sell or buy and if you can, trust your financial adviser and team to let you know when things veer wildly from your comfort level.


We can help

The skills and experience of the financial advisers at Dental and Medical Financial Services are the ace up your sleeve. Not only do we have years of experience in dealing with different types of market conditions, but we can also help you make informed and rational decisions about your investments. If you need help focusing on your long-term goals, get in touch with us today.


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Dental & Medical Financial Services have been helping doctors and dentists to build and protect their wealth, whilst saving tax for over 25 years.
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