Attitude and Shed Jumping School

One downside of working in financial services, particularly pensions and investments, is that it isn’t considered to be very sexy or fun. In fact a marketer told me the other day that it’s all rather ‘grey’.

I know what he means. Money is a serious business and we’re surrounded by compliance, rules and regulations. It sometimes feels like a huge box ticking exercise just to give someone a simple piece of sensible advice.

The rules and regulations are there to protect the people we advise (even though it doesn’t always seem that way). So moaning and groaning about it all just makes life a little miserable for everyone involved.

Instead I like to focus on how we can best use it as a basis for improving the way we help and advise our clients.

As Thomas Jefferson said: “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude”.

Talking of Attitude

Before we (or any financial adviser) can provide you with any investment advice, we will ask the question: ‘What’s your attitude to risk?’

Your immediate answer is probably: ‘I don’t know’

If so, take a look at this short animation from the clever people at Quietroom. It’s not really sexy but it’s fun and certainly not grey:

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If you want to watch more about reducing investment risk, check out this post: How to Reduce Investment Risk

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Risk Warnings

This article and the information on this website is not personal advice. It’s only intended to give you a brief summary or highlight a particular issue for you to investigate further. It is based on our current understanding of legislation and HMRC guidance which can change and is correct as of the date of the post.

If you’re in any doubt whether a particular course of action is suitable for your circumstances, you should seek professional advice. Tax rules can change and any benefits depend on individual circumstances. And, if you are unsure any reliefs are applicable to you, you should consult your accountant or HMRC.

The value of investments and any income from them can fall as well as rise, so you could get back less that you put in. Past performance is not a guide to the future. It cannot provide a guarantee of the future returns of a fund.

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