The financial press in the latter part of 2018 was full of comment on the demise of the Woodford Equity Income Fund which suspended redemptions following a plunge in its assets from £8.2 billion to just over £3.7 billion in under two years. Despite featuring heavily in a major UK on- line brokers best buy list the fund is now closed with a forecast that investors may lose up to 50% or more of their investment. This has been followed recently by other suspensions including some high profile property funds.
Of course fund suspensions do happen and can help protect investors by reducing significant outflows but the Woodford debacle highlights the merit of taking advice from investment advisers who have the resources and the skill to be able to analyse and assess the pros and cons of investing in a particular fund and who will construct a portfolio with checks and balances so that if the unforeseen happens it won’t blow away all of your portfolio.
Yes, you will have to pay for advice but what would you rather do, save a 1% annual fee by taking your own decisions or be able to sleep easy at night knowing that your portfolio is being regularly monitored and that your underlying investments have been thoroughly researched.
Let us help you manage your investments professionally and reduce the risk factor.