Shares may not be the best investment choice for the “faint hearted”, ING Group chief economist Mark Cliffe says.
In the ninth instalment of a series for eZonomics on lessons from the financial crisis, Cliffe warns that “shares are not an easy way to long term wealth”. The series of 10 lessons show his personal view.
Crisis challenged ‘buy and hold’ strategies
“The financial crisis has challenged the idea that ‘buy and hold’ strategies are the route to long term wealth,” said Cliffe. “You need to keep an eye on your shares, or seek help from fund managers or advisors.”