Personal Finances and Investment
What is ‘financial housekeeping’? Well, it is essentially the process of keeping your finances in good order through regular attention and maintenance. A quick dusting down of your budget each week or shining up your savings with better planning and research can make all the difference to overall financial health.
Since the last week in February, financial markets, like everything else it seems, have been gripped by the uncertainty surrounding the coronavirus and its potential impact on supply chains, global trade and growth.
Sustainable investing, which seeks positive returns and long-term impact on society, the environment and the performance of a business, has been the buzzword of the past 12 months.
At the time of writing global markets have fallen close to 30% since the outbreak of COVID-19, ending the longest ever bull market run of 11 years. We know markets can fall as well as rise, it is just in recent years we had been used to seeing markets rise more often than they fell and in turn it was fairly easy for an intelligent investor to make gains in a relatively short period of time.
Let’s face it. This is a nightmare for any saver and investor. It does not matter how much money you have. Whether you are saving whatever you can scrape together for retirement or whether you are investing your hard-earned bonus to fund your children’s college tuition, the current market is distressing.