Long-term approach for investments is best, firm claims

Thu, 08 May 2008

Taking a long-term approach to investments is vital if people want to make a good return on their money, it has been claimed.

According to investment firm Edward Jones, even during periods of price volatility share prices can rise dramatically and people who miss out on such days will miss out on profits.

The firm pointed out that while the first three months of 2008 have seen some big drops in the FTSE All-Share index, it has also seen three days where increases in the market ranked among the 50 best days since December 1968.

If people did not have money in the market during this time, then the return on their investments will be diminished, it added.

People should also make sure that they have a wide-ranging portfolio of quality investments designed to offer long-term returns, the firm concluded.

Yesterday, Fidelity UK Growth manager, Tom Ewing, stated that mining and basic resources companies should make good investments as they are currently well positioned to exploit growing demand.
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