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Complacency kills returns

As we approach the end of the year, it's time to reflect, consider what the future may hold and calculate investment risk, says Colin Lawson

28 November 2013

No one can predict the future accurately - no matter how good an investment manager they are - but we can look back to see what lessons can be learned and consider what risks and opportunities the future might hold.

Five years ago, we were at the epicentre of the credit crunch and portfolios had been decimated. The blue-chip FTSE 100 index was down over 40 per cent, reducing a £1m portfolio that was invested in the stock market to less than £600,000. Even a more diversified, typical "balanced" fund was down almost 30 per cent as the 'crunch' took no prisoners and all asset classes were affected.

It felt as though the financial world would never be the same again and investors would have been forgiven for throwing up their arms in surrender and seeking the security ...

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