Ray White spoke to Bruce Flemming, Advisory Partner at Citadel, about how to best invest during turbulent times like we are currently experiencing.
If you just listen to what Warren Buffett has to say when he says 'Be fearful when others are greedy, and be greedy when others are fearful'. There are always opportunities when the markets are in a decline - to buy low and sell high.— Bruce Flemming, Advisory Partner at Citadel
Specifically for a long term investor who wants to take calculated risks in the market and to realsie real returns. This is the kind of environment that offers many opportunities for your long term investor.— Bruce Flemming, Advisory Partner at Citadel
And advice for a first time investor starting out during these difficult times?
You need to see a financial planner who will get to know your goals and concerns; who will construct a holistic financial plan with short, medium and long term goals.— Bruce Flemming, Advisory Partner at Citadel
Flemming says it is key to get the proper asset allocation right. That is the optimal combination of the various assets such as equity, bonds, cash, property, hedge funds - local versus offshore.
He stresses the importance of finding a financial planner who really understands who you are and what your goals are - and most importantly what your risk appetite is.
That should be the start and end point of putting any financial plan together.— Bruce Flemming, Advisory Partner at Citadel