Are Your Financial Goals Vaccinated Against Financial Crisis?

25 October 2020

What do the following all have in common? The financial crash of the 1990s, the World Financial Crisis of 2007–08, Jamaica Debt Exchange (JDX) in 2010, National Debt Exchange (NDX) in 2013 and Coronavirus (COVID-19) in 2020. They all caused major changes in the financial markets, resulting in many persons, like you, delaying or changing their financial goals.

Financial fallouts are a part of the market’s modus operandi, and so they will happen in the future too. Therefore, if your financial goals are precious and you do not want to significantly delay or change them, because the market changed; the vaccine is having an investment philosophy that focuses on your goals and managing risk, in the bad times and not just chasing returns in the good times.

Here is a quick and easy quiz to determine how well your portfolio is vaccinated to increase your chances of achieving your financial goals, no matter what! For each TRUE answer, please give yourself 10 points and for each FALSE answer, please give yourself 0 points.

CRISIS PROOF YOUR INVESTMENT	TRUE/FALSE
1. I have specifically identified my financial goal/s (eg. home, car etc.).
2. I have an ongoing relationship with a trusted financial advisor.
3. Both my financial advisor and I are clear about how much money I need to achieve my goal/s.
4. Both my financial advisor and I know the specific date I would want to achieve my financial goal/s.
5. I am aware of whether or not I am on track to achieve my financial goals based on the written plan provided by my financial advisor.
6. I do not move my savings/investments from one institution to another, or one account to another just because it promises a higher return. Instead, I move the funds because the financial solution is more appropriate for the management of my funds towards my financial goal/s.
7. My money is divided based on my short, medium and long-term goals and placed in the respective savings/investment, dependent on the tenure and the amount of risk I am willing and able to take.
8. My investment portfolio is constructed with the expectation that short-term financial shocks are to be expected, so I do not need to change the structure of my portfolio when these short-term market movements occur.
9. My financial institution is focused on my goal achievement, so if the economic outlook shows a major market shift is looming and may impact my goal/s, the financial institution can either advise me of changes I should make, OR I have authorized them to automatically make adjustments as they deem necessary.
10. I do not pause/stop investing due to short-term market volatility.
TOTAL	/100

Which areas above do you need to make improvements? Please call us at (876) 998-5662, because irrespective of what financial crisis occurs, you deserve to achieve your goals.

Are Your Financial Goals Vaccinated Against Financial Crisis?

CRISIS PROOF YOUR INVESTMENT

TRUE/FALSE

1. I have specifically identified my financial goal/s (eg. home, car etc.).

2. I have an ongoing relationship with a trusted financial advisor.

3. Both my financial advisor and I are clear about how much money I need to achieve my goal/s.

4. Both my financial advisor and I know the specific date I would want to achieve my financial goal/s.

5. I am aware of whether or not I am on track to achieve my financial goals based on the written plan provided by my financial advisor.

6. I do not move my savings/investments from one institution to another, or one account to another just because it promises a higher return. Instead, I move the funds because the financial solution is more appropriate for the management of my funds towards my financial goal/s.

7. My money is divided based on my short, medium and long-term goals and placed in the respective savings/investment, dependent on the tenure and the amount of risk I am willing and able to take.

10. I do not pause/stop investing due to short-term market volatility.