Stock market update, the effect on investments
This is the third day that the stock market has fallen and this can be the cause of considerable concern, so we are writing to confirm our views on this.
The recent falls will be reversed once the almost global panic over Coronavirus has eased.
Statistically, the number of people known to be infected by the virus is a very small proportion of the global population.
The media, quite correctly, have reported on this, exacerbating the concerns of many people, including stock brokers.
It is our view that the world’s economy will continue to grow and that we should not be panicked into selling our investments when their value has fallen as it will recover again.
Please do not be overly concerned and be assured we are paying close attention on your behalf to the situation day by day.