Why doing nothing is an option when it comes to your investments
Amid volatile markets it may be best for investors to sit back and stay calm
“Why is doing nothing an option?” a client asked the day after Nhlanhla Nene was fired as finance minister, and the local stock market was crashing. As an executive in a large organisation her instinct was to respond with some action. When I suggested she do nothing about her investments, she was very uncomfortable. “Surely we should do something,” she demanded.
The answer I gave her has relevance now given the challenges investors are facing...