I write this as markets pause for breath in the wake of their collapse in the dog days of August. I hold shares, which my IFA manages, and which he liquidates (i.e. converts to cash) if necessary. But he hasn’t done so and I’m not perturbed. The main reason is that I have sufficient cash reserves to ride out any short term fluctuations because I took some cash out in March 2015. My thinking was twofold:
I moved into a new flat recently so I had to get some furniture and set up internet and TV. As you know there are many choices to make, and it’s difficult because they all promise the best, perfect, service. But is it?
No. They all turned up on time, they all used the technology (mobile phones simply) to let me know that everything was in hand and I essentially got what I wanted But not one of them was perfect.