If you’re mad enough to be heading to an airport this height-of-summer-season, you’ll face the ‘which queue to join’ dilemma. Those old enough to remember having to go to a bank of a lunchtime (yes, kids, they had actual staff whom you had to talk to to get money) will know that it’s a losers game, and that whichever you pick will have the idiot whose passport is buried in the bottom of his or her suitcase. Hedge fund managers take big risks and can make or lose fortunes for their clients (usually only ‘make’ for the managers themselves). Moving everything into cash and reinvesting ‘when things are on the up again’, as is often, and has often been recently suggested to me when investments are on the down, is a risk even they would be unlikely to take. Which is why our advice is always, boringly, not to try and choose the right queue, be patient and hang on in there. You’ll get to the front eventually.
“Coping with a correction – will stock market falls continue?”
There haven’t been any ‘markets plummet, £billions wiped of the value of your savings’ headlines this year. I guess there’s been other stuff going on to keep the headline writers busy. However, markets have fallen, the FTSE World index is down by more than 8% since...