{"id":169637,"date":"2020-04-29T10:06:14","date_gmt":"2020-04-29T14:06:14","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=169637"},"modified":"2020-04-29T08:07:14","modified_gmt":"2020-04-29T12:07:14","slug":"over-action-or-inaction-both-could-hit-your-wealth-warns-devere-ceo","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/over-action-or-inaction-both-could-hit-your-wealth-warns-devere-ceo\/","title":{"rendered":"Over-action or inaction \u2013 both could hit your wealth, warns deVere CEO"},"content":{"rendered":"
April 29, 2020<\/div>
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By George Prior<\/strong><\/p>\n

Stress in the financial markets is prompting a growing number of people to make extreme investment decisions that could ultimately hit their wealth, warns the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

The warning from Nigel Green, chief executive and founder of deVere Group, comes as all major markets are in bear territory and are highly susceptible to coronavirus-related developments.<\/p>\n

Mr Green comments: \u201cIt\u2019s been our experience in recent weeks that, driven by the current unusual circumstances, a growing number of people are becoming more extreme in their investment decisions.<\/p>\n

\u201cThe world has changed since the pandemic and this has, of course, directly impacted the investment landscape.<\/p>\n

\u201cTherefore, it is sensible that the fast-changing situation is closely and carefully monitored by investors.<\/p>

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\u201cHowever, the unprecedented, emotional\u00a0and all-encompassing nature of it is leading many into two distinct camps: over-action or inaction. Both could spell disaster for people\u2019s long-term investment strategies.\u201d<\/p>\n

He continues: \u201cThose in the over-action category are seeing anything and everything \u2013 regardless of the tried and tested benchmarks and criteria \u2013 as a massive buying opportunity.<\/p>\n

\u201cBeing over confident and over-leveraging can lead to bad investment choices.\u00a0 This was shown by the dramatic market sell-offs following the bursting of the dot com bubble in 2000, and the 2008 global financial crash.\u201d<\/p>\n

The deVere CEO goes on to say that on the other end of the scale there are those whose investment decision-making is now overtaken fear.<\/p>\n

\u201cOn the flipside, an overly pessimistic attitude is leading too many investors to do little or nothing to create and build their wealth.<\/p>\n

\u201cThey\u2019ve become paralysed by the fear that a global recession will hurt corporate earnings, and that this means that there\u2019s no value in the market currently. As such, they sit inactively on the sidelines, potentially missing major opportunities in the process.\u201d<\/p>\n

Mr Green adds: \u201cToo many investors are being led by their emotions which can lead to over-action or inaction.<\/p>\n

\u201cNow more than ever, emotions should not be centre-stage in the investment decision-making process.<\/p>\n

\u201cCool heads and a long-term strategy are the best way to handle market shocks.\u201d<\/p>\n

He concludes: \u201cThere\u2019s always a better way than emotions to make investment decisions.<\/p>\n

\u201cThis is why many investors prefer to use strategies that lock them into an investment approach that overrides their changing moods.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior Stress in the financial markets is prompting a growing number of people to make extreme investment decisions that could ultimately hit their wealth, warns the CEO of one of the world\u2019s largest independent financial advisory organizations. The warning from Nigel Green, chief executive and founder of deVere Group, comes as all major […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-169637","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=169637"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169637\/revisions"}],"predecessor-version":[{"id":169638,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169637\/revisions\/169638"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=169637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=169637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=169637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}