Ask Amanda
“How often should I review my Finances?”
As I write this article we are a week or two away from the referendum on whether the United Kingdom should stay in the European Union, and reading it today I think I know the outcome. However, whatever the result will be, a regular review of your financial position is always a positive step for your financial wellbeing. It doesn’t take a massive event, like the banking crisis of 2008, to have an effect on your finances. Here are several other circumstances which indicate now could be the right time for a review:
Market Reactions
by Sue Cook
Now the referendum is over I thought I would have a look back at how the markets have reacted over the last 6 months. When writing this I do not know the outcome of the referendum but, it is safe to say that the threat of a Brexit over the last 6 months has had a profound effect on the exchange rate. As you can see from the charts the pound has suffered not only against the euro but against the dollar too. The main winner has been the Euro against the dollar.
1. Your personal circumstances may have changed since your last review. Changes to health, work or relationships all effect your medium to long term goals and plans. 2. You haven’t reviewed your investment statements closely with your financial planner for over two years. Are the investments you chose still ‘best in class’ and meeting your expectations? 3. You are starting to think about retirement and are not sure what your pension situation may be. Reviewing your future pensions whilst still working, gives you an opportunity to take positive action whilst you are still earning money. So, whether there have been huge economic changes across countries or continents or small changes to your own plans and goals, if you haven’t reviewed your financial position in the last 12-18 months, now may be a good time to do so. Whether you want to register for our newsletter, attend one of our road shows or speak to me directly, please call or email me on the contacts below and I will be glad to help you. We do not charge for reviews, reports or recommendations we provide. With Care, You Prosper. Amsterdam, Luxembourg, Lausanne, Paris, Cote d’Azur, Barcelona, Costa Blanca, Costa del Sol, Madrid, Mallorca, Rome. «The Spectrum IFA Group » is a registered trademark, exclusive rights to use in France granted to TSG Insurance Services S.A.R.L. Siège Social: 34 Bd des Italiens, 75009 «Société de Courtage d’assurances» R.C.S. Paris B 447 609 108 (2003B04384) Numéro d’immatriculation 07 025 332 - www.orias.fr «Conseiller en investissements financiers, référence sous le numéro E002440 par ANACOFI-CIF, association agréée par l’Autorité des Marchés Fin
Amanda Johnson of The Spectrum IFA Group 05 49 98 97 46 or 06 73 27 25 43 Email: amanda.johnson@spectrum-ifa.com
48 | The Deux-Sèvres Monthly, July 2016
Although the referendum debate has not been the only factor it shows how uncertainty can affect the markets and subsequently the exchange rate. That is why it is a good idea to use Currencies Direct who have experts watching the markets by the hour. This gives you peace of mind that you are in safe hands when transferring funds overseas. Let’s talk currency - www.currenciesdirect.com