Page 28 - Waterfall City Issue 2 February 2024
P. 28
Waterfall City News
“To give yourself the best chance
of achieving your desired
financial outcomes, you need to
ensure your investment strategy
is based on patience.”
EMBRACE THE
UNPREDICTABLE
By Nirdev Desai, Head of Sales, PSG Wealth
W ith the end of the tax of time, which invariably means you
year just around the
need to be prepared to encounter
corner in February
some market uncertainty on your
2024, it is fitting to look
shorter periods is guaranteed to
at some practical tips to help ensure investment journey. Investing for
your financial goals come to fruition. result in investors not realising the
consistent, reliable returns they
While it is always wise to take require. Even Warren Buffett, arguably
advantage of the tax benefits of a the most respected investor alive
retirement annuity or a tax-free savings today, acknowledges this.
account before the end of the tax year,
I’d like to focus on what else investors Warren Buffett bought his first stocks
should be thinking of to ensure they at the age of 11, which he sold soon
derive the maximum benefits from Nirdev Desai, Head of Sales after they turned a profit. To this
investing in these products to ensure day, he regrets that decision, as they
they are well placed to achieve their became a much more profitable
financial outcomes. you can navigate these investment investment later on. The experience
environments successfully. did, however, teach him the critical
Current market conditions Indeed, the adage that says that lesson of patience. To give yourself
make even a seasoned there is opportunity in adversity the best chance of achieving your
investor nervous is abundantly true for investing, desired financial outcomes, you need
In times when markets are volatile, and the best way to ensure that to ensure your investment strategy
it is natural to feel nervous, but with you benefit from the markets is by is based on patience. Take the time
the right support and knowledge, investing for the appropriate amount to understand the minimum time
26 Waterfall City Issue 2 2024
