Today’s mayhem on the markets is just the start of the volatility, but investors should seek out the inevitable upside, affirms the boss of one of the world’s largest independent financial advisory organisations.
Nigel Green, deVere Group CEO and founder, is speaking out as more than £34bn was wiped off the FTSE within an hour on the first day of trading in 2016. Britain’s benchmark index was down more than two per cent by mid-morning.
There were similar falls across other major European and Asian indices.
It comes amid concerns over China’s slowdown, with Shanghai’s stock market having to be suspended earlier in the day having lost almost seven per cent of its value thanks to weak manufacturing data.
Markets were also affected on Monday by the uncertainty being triggered by growing tensions between Saudi Arabia and Iran.
Nigel Green comments: “Volatility is likely to rip through financial markets in the first half of 2016. Today’s turbulence is only the beginning.
“There’s a cocktail of uncertainty, with the main ingredients including China’s economic woes, higher interest rates in the U.S., historically low oil prices, Britain’s referendum on exiting the EU, and increasing tensions in the Middle East.
“But despite this potent combination there are reasons for investors to be cheerful. For example, a lower oil price will not only boost household budgets, which is likely to increase disposable income, but the travel sector, amongst others, will reap the rewards.
“Another example would be that Japanese and European shares are likely to do well on the back of interest rate hikes in the U.S.”
He continues: “Indeed, volatility of the kind that 2016 will be shaped by should not necessarily be feared. Volatility can represent enormous opportunity.
“When markets fall, it is a chance for investors to start putting new money to work into the market at lower prices.
“Whilst it is almost impossible to forecast with accuracy what the stock market will do in the immediate future, it can be pretty predictable over the longer-term.
“As such, volatility can provide important buying opportunities; and on a broader note, it is best to simply feed money in over time in a measured way in order to take advantage of the beneficial long-term trend of stock markets.”
Mr Green concludes: “A well-diversified portfolio and a good fund manager will help investors capitalise on the opportunities the volatility brings and sidestep potential risks.”
Keynotes Announced: SAP Financial Services Live 2020
We are delighted to announce our Keynote Speakers & Session Titles for the upcoming free to attend digital event for banking, insurance, capital markets and central banks professionals; SAP Financial Services Live 2020 (17-19 November).
Meet Our Keynote Speakers:
Luka Mucic, CFO & Member of the Board, SAP
Financial Services: An Evolving Landscape
Christoph Böhm, CIO/COO, Deutsche Börse
Financial Markets and Technology in Transition
Maria Surmava, CIO, Discovery Health
Shared-Value Health Platform
Karsten Crede, CEO, ERGO Mobility Solutions
How to Become an Ecosystem Player
Peter Maier, President SAP Industries and Customer Advisory, SAP
Industry Convergence – Keynote Interview
Timo Elliott, VP – Global Innovation Evangelist, SAP
Opening Keynote; The World has Changed, and it’s Time to Adapt to the “Next Normal”
Alongside our keynotes, this event will be packed with SAP user case studies from leading global companies including: Bank of Ireland, Bank of Montreal, Capital One, Cornèr Bank, Discovery, Edelweiss, London Stock Exchange, MB Ageas, Munich Re, Samsung Life, Swiss Re, Vast Bank, Vienna Insurance Group, Zurich Insurance and many more to be announced.
Keep up to date with the latest information on our website >
Ahead of the event, you will have the opportunity to plan your own agenda with multiple live presentations each day to choose from. Then following the event, a library of on-demand content will be at your disposal so you can continue to strengthen your financial services business over the coming months.
Don’t miss the opportunity to connect online to debate, discuss and determine the current trends and hot topics for the financial services industry.
Sounds interesting? Register to join us here >
This is a Sponsored Feature
FinTech in Credit Markets: Efficiency and Potential Risks – Free webinar
With the help of alternative technologies, FinTech firms have begun to challenge the traditional banks’ role in financial services, from payment service to the provision of credits. This taster session aims to provide an overview of this development, with some focus on credit markets. We will discuss the scope and the drives of FinTech, its efficiencies, potential risks, as well as its relationship with traditional banking.
In this interactive session on Tuesday 10 November, Kebin Ma of Warwick Business School will discuss why FinTech has become a buzzword in the financial industry.
When: Tuesday 10 November 2020, 18:00 – 19:00 (UK time)
For information about the Global Central Banking & Financial Regulation qualification from Warwick Business School, in partnership with the Bank of England please visit wbs.ac.uk/go/banking
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Habits to bring back to the boardroom after the holidays
By Royston Guest is a leading authority on growing businesses and unlocking people potential. Entrepreneur, author of #1 best-seller Built to Grow and RISE: Start living the life you were meant to lead, CEO of Pathways Global and founder of The Business Growth PathwayÔ .
After a break from work, you feel refreshed, re-energised and re-focused and the quality downtime has given you the headspace you needed. Take this new energy and focus as an opportunity to introduce four new winning habits…you may be surprised at what you discover both personally and professionally.
Winning Habit #1 – Look At Your Business Through A Fresh Lens
When you’re working in your business every day, it is so easy to become blinkered. You start to see what you want to see, not the reality. I call this ‘focus distortion’.
It’s like at home when you’ve been away for a while and when you return you notice the pile of old magazines in the corner of the lounge or the DVD’s clogging the shelf beneath the TV. You start to question how long they’ve been there as you’ve failed to notice them previously. You decide to do a spring clean and set about creating a new reality as you look at your world through a fresh lens. Apply the same fresh lens to your business.
Post-holiday is a great time to do this, to imagine your first day back as your first day ever in the business. Challenge yourself to imagine you’re a new executive who has been newly appointed. With a fresh lens, challenge yourself to question everything, and I mean everything!
Ask quality WHY questions, review systems, processes and procedures and ask is it adding value, helping us to be a relevant, agile, resilient business? Is it adding value for the customer? Challenge the seven most expensive words in business; ’that’s not the way we do things’ or its sister statement; ’We’ve never done it that way before’.
Walking through your business with a restless curiosity and fresh lens is a cathartic experience and will certainly awaken your senses.
Winning Habit #2 – Question What Is Truly Worthy Of Your Time?
To create the stretch and growth potential for your people and business, you should focus on the things that only you can do. Yes, you’ll have oversight and a contributory role in other areas, but your primary focus should be on the high-value activities which allow you to realise the potential in your business and yourself.
On your return to the office, ask yourself this; what is truly worthy of my time?
If you find you’re spending more time on tasks and activities which quite clearly you shouldn’t be, then now is the time to change this because if you don’t, nobody else will.
Winning Habit #3 – Design Your High Performing Week
We all come back from holiday with good intentions; managing our workload more effectively, being home earlier from work to put the children to bed, not travelling as much. BUT, before you know it, the first few days and weeks pass, you were so busy catching up after your holiday your good intentions are out the window, and you’re back into your old ways of working. One of your highest callings is to be conscious and deliberate in how you set your high performing weeks up for success.
- focus on the things that only you can do, the areas genuinely worthy of your time?
- master the skill of saying NO to the unimportant things so you can say YES to the important things.
- create more time to work ON the business, not just the busy fool working IN the business.
- book quality thinking time in your diary, knowing the time you spend thinking will make the doing more effective.
- are home for bath and story time with your children or a meal out with your loved one.
Time and memories – you will never get back. Remember in life, you make your choices, and then your choices make you.
Winning Habit #4 – Become Your Own Performance Coach
Successful leaders have an insatiable thirst for learning, for showing up every day being the best version of themselves they can be. They spend their life being their own performance coach, ensuring they reach their true and maximum potential.
Maintaining relevance in the fast-moving arena of life is about being fresh, living life with deliberate conscious intent as the architect of your destiny. It’s about learning and developing yourself. Perhaps most importantly, it about applied learning and having the attitude of action.
It’s so easy to get caught up in the mechanics of the working day, and before you know it days, weeks or even months have passed since you spent time on you.
Invest time in you.
One of the six core human needs is the need for growth – for emotional, intellectual or spiritual development. If you are not learning and bettering yourself every day, then you are not growing.
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