There is no denying that 2020 was more than just a tough year financially, with many people taking pay cuts and others losing their jobs. It should then come as no surprise, with emotions running high, that panic set in for many people when thinking about their Investment portfolios, regrettably leading to rash decisions.
COVER’s Editor Tony van Niekerk caught up with Jeanette Marais, the CEO of Momentum Investments to ask her if she could tell us a little of what they saw happening, how people reacted and managed these high emotions?
Takeaways from the chat:
- People are emotionally driven, more so in hard times
- The client/advisor relationship plays a vital role
- Old but gold – It’s about time in the market, not timing the market
Watch the interview below: