It is fair to say that the past few weeks have been pretty choppy for markets.
We have seen some reasonably significant falls in both the US and the UK in recent days as the markets digest forecasts of inflation being higher for longer, economic growth slowing (and some countries now forecasting a mild recession) and supply chains continuing to be disrupted.
Given this outlook, we have been asked by a few clients in recent weeks whether they should look to de-risk their portfolio to prepare for what’s to come.
As sensible as this might sound, we actually think it could prove very damaging for your portfolio over the long term for all kinds of reasons.
