INVESTING SHOW How to invest through a crisis like coronavirus and protect your money
How should you invest through a crisis?
Some may feel it is premature to ask that about coronavirus, but with stock markets tumbling hard and fast around the world last week and the Federal Reserve slashing 0.5 per cent off rates, there is clear concern that this isn’t just any old correction.
The FTSE 100 has regained some ground this week, but fell 11 per cent last week in series of big daily drops not seen since the financial crisis.
What can investors do in a situation like this – other than not panic – and is it too late to act by the time your portfolio is a sea of red?
There is also the thorny question of what to when markets bounce back and how to spot if a rise like this week’s will last.
On this episode of the Investing Show, we talk to Bill Dinnings, chief investment officer of Waverton Investment Management, and a man with decades of investing experience to draw on about the impact of coronavirus on investors.
We ask how investors can position themselves for a correction, whether previously, high-flying markets make a prolonged downturn more likely and at what point you can start to ask if lower prices means that opportunity knocks?
Bill also shares his concerns on why the supposed safe haven of government bonds no longer works properly for investors.