I have read a lot of market commentary recently which has focused on the FTSE 100 price index surpassing its December 1999, which has ultimately prompted people to question if it is sustainable. When assets rise or fall – as we have seen recently with the oil price, it leads people to question if the asset can carry on rising or falling. With the FTSE 100 index people will question the lofty heights for the wrong reasons.
We have just completed one of the financial reviews for our clients here at SSFM, with most of the communication being sent out by secure email requesting clients to give us permission to re-balance their portfolios. Whilst undertaking this process this time it got me thinking for some reason. I then found this famous quote below from a great innovator Henry Ford.
The reason it had me thinking, was about the importance of both ongoing advice as well as initial advice for clients. All of our clients have gone through the initial advice process when becoming a client of SSFM. So, most of you will know that in the first instance I try to guide and educate people in finance, as best as I can (remembering that I am not a teacher). But the ongoing advice part of the solution is also of paramount importance.