It
was about twenty years ago that I was offered the chance to meet an
investment advisor at my local bank. The meeting would be about the new
opportunities they could offer, and the best long-term strategy to
adopt.
Image by Gerd Altmann from Pixabay I
decided to go along, more out of interest than any likelihood that I
was going to pursue any of the options offered, but I wanted to hear
what they had to say.
I knew that the bank probably had something that they wanted to sell me. A fund, or maybe a market tracker?
So, I met with one of their advisors.
He was a young man who had the look of a banker. Swept back black hair and wearing what looked like an expensive suit.
Reminded me of the Wolf of Wall Street, except this was Middle England.
I
was casually dressed. I don’t think that I looked like a high-wealth
individual, but there again, I knew there were many business leaders who
dressed smart and casual.
I was not a business leader, though.
We had a conversation, and I was asked what my investment goals were.
To make money, or at the very least, not to lose it? That was too obvious.
In the stock market, there is a chance that you could lose it. You can lose every penny. Companies do go bust. Or you just get unlucky, and the bull market that
has been running for several years comes to an end just as you invest.
But it is also possible to do very well. Timing and time can work in your favour.