Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

What should investors do when the stock market is at an all time high and recession looms? Fund Managers tell Investors to “stay calm” and stay invested in the market. On Wednesday 14 August 2019, the US stock marker suffered its biggest one day fall since October and the Dow Jones had its sixth worst day in history. Markets recovered by the end of the week when President Trump deferred a tariff increase on Chinese imports. As markets reel and recession appears to be around the corner, The Times interviewed leading experts and economists working for fund managers or insurance companies. These are the people who control billions of pounds worth of investments on behalf of millions of savers and investors in pooled managed funds, from pension funds to unit trusts (mutual funds). Not one expert recommended getting out of the market, even though some admitted that the price of shares could fall. Helena Morrisey of Legal and General advised investors to “stay calm”, which is always easier when it’s not your money