Why the coronavirus crisis makes an immediate financial review essential – and how at Continuum we can provide it.
It is difficult to remember, but at the beginning of March, life was going on as normal, it was business as usual, and coronavirus just a worrying item from the other side of the globe. Now, at the beginning of April, the world has shut down, many of us are under self-imposed ‘lockdown’ and a trip to the shops, the pub or our favourite restaurant is just a fond memory.
We all hope that things can start to return to normal in the near future – but it’s time to start looking at what those effects will be on our financial plans.
In fact, with a new tax year here, it is time for a full financial review.
How can you get your finances back on track?
We all need to be aware that we could be looking at a very different world. There will be high levels of debt, interest rates will probably remain low to stimulate the economy – affecting returns on savings and markets might take time to fully recover.
But there are some real positives. Currently depressed markets could start to recover surprisingly quickly when the world goes back to work and might provide exciting opportunities. Some sectors, such as delivery and logistics businesses could thrive. Creating wealth and reaching your financial goals will still be very possible, especially if you can call on expert help.
The important thing is to take a clear look at your financial objectives and see how you can reach them under the new conditions.
You may have to put back the timings for your goals, if your portfolio has suffered too much. You may need to commit a little more of your available funds to wealth creation – but with a clear plan in place the future could start looking bright again.
With a new tax year, there are new possibilities for savings, investment and wealth creation. You need to be able to make full use of them.
How can we help?
At Continuum we are already prepared to help you start making the most of your financial future again.
Just as in more normal times, our service is personal, and based on your needs. We will start by looking at your current financial arrangements, your future plans, and your goals and objectives.
We will provide a full and objective reappraisal of your current position. Then we will help create a roadmap to help you get to where you want to be, with the protection you want in place, with the investment portfolio and the pension pot you need.
The good news is that we can start right away. We still believe in individual service, and personal attention from an adviser – but now we can use our video conferencing facility and our secure client portal to deliver it. We may not be able to meet face to face just yet – but we can continue to provide the level of support you need.
Your Continuum adviser and their expertise is ready to help you. If you don’t yet have a Continuum adviser, now is the perfect time to meet them.
Your financial review is your first step on the road to financial recovery. Call us today on < number>
The information contained in this article is based on the opinion of Continuum and does not constitute financial advice or a recommendation to suitable investment strategy, you should seek independent financial advice before embarking on any course of action.
The value of investments can fall as well as rise and you may get back less than you invested.
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