Today's episode is about timeframes. We talk about investing as long term, but what does that actually mean, and what mistakes might you make because of it?
A timeframe is the amount of time you could give your investment to produce the sort of return that might be expected from it, allowing for challenging markets, cyclical changes and unforeseen world events. If your mindset is that 12 to 24 months is the maximum you're prepared to hold the money there, that starts to ring warning bells for me.
In this episode
Golden Rule 3
Know your timeframe before you invest. The shorter the term, the lower the risk you can take.
Find out more
Important information
This podcast is for information only and reflects my personal views at the time of recording. It is not advice or a personal recommendation, and listening does not make me your adviser. If you are unsure whether an investment is right for you, please take regulated financial advice.
When investing, your capital is at risk. The value of investments, and any income from them, can fall as well as rise and you may get back less than you invested. Past performance is not a guide to future returns.
Philippa Gee Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. This podcast is subject to the UK regulatory regime and is intended for listeners based in the UK.
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