Dear All,
Oops, Here we go again.
We were all a bit stunned by reversals in world financial markets (once again). Headlines announced the biggest 1-day fall (16th August) since March 2003, and the FTSE hit its lowest level since September 2006. To my simple brain that meant that anything I may have made on my funds and investments in the last year just disappeared, and we don’t know what it will look like tomorrow. It could get worse again - we hope not, but it actually could! On the other hand, it might continue to drag itself back up again, but if past experience is anything to go by, then “slowly” might be the operative word.
They say that we (novices like me) should diversify our investments, and that the stock exchange has made money for those who have invested for the long term. I don’t have a hundred years, or even 50, or 25!
