Tips for people inheriting property


Andrew Gibbs, investment manager at Henderson Rowe, says:

“A sizeable inheritance can make a substantial difference to a couple’s retirement, if carefully invested with a clearly defined long-term investment plan. Investment discipline is key.

“Financial history provides ample evidence that over the long term equities provide the highest returns relative to bonds and cash, but with higher short-term risk of loss.

“Market timing is incredibly difficult and to benefit from longer-term equity growth, investors need to stay invested in down periods. Easy to say, but harder to do when presented with a sea of red, especially as a novice investor. The greatest service the experienced wealth manager can provide here is to counsel investors to focus on long-term objectives, rather than letting market noise pull them into investment after rallies and out after falls – the reverse of sensible long-term investing.”