Financial strategy during market instability.

Now that Congress has voted in favour of a rescue plan for the US Economy, we once again turn our attention towards an on-going strategy for managing your personal investments, during this era of instability.

Undoubtedly, we have all been badly let down by the UK Government, the Financial Services Authority and, in particular, the high street and international investment banks. It is they who have collectively put our way of life at risk, in their reckless pursuit of personal gain and ambition… and one wonders if there will ever be a time when any of us come to completely trust such people again?

Your portfolio asset allocation.

You will recall that because of the volatility of investment markets we are reviewing your portfolios more frequently than usual. October marks the beginning of another quarter and we have decided that for this next three month period we will not be recommending any changes to your portfolio.

Our emphasis on using Government Index Linked Gilts to reduce risk levels has already succeeded in stabilizing your portfolio. The uncertain nature of the weeks ahead leads us to the conclusion that it is better to do nothing more at this point in time, which means that the equity portion of your portfolio remains in the same funds.

We appreciate that recent events may have given you concerns about your personal finances and we are always available to discuss any such issues with you.

In particular, we have received a number of enquiries about how best to protect cash deposits sitting with banks and building societies. Argyle continuously monitors the various mergers and take-over's amongst these institutions… and any possible implications they might have upon the Government's Deposit Guarantee.

Please do feel able to get in touch if you would like our help on any financial issue.