Intelligent Investments

With companies and individuals recording record losses and the likes of Warren Buffett’s Berkshire Hathaway reporting poor investment performance, the recovery from the economic downturn should give us pause for thought and a moment to reflect on the lessons learned.

According to research by Alliance Insurance Services, however, many individuals and businesses in Hong Kong are forgetting these lessons quickly and reverting to tried and failed practices of the past.

Mike Ramsay, Chief Executive of Alliance commented “investors are still looking for the silver Bullitt, the individual stock that will create a quick win, when they should be taking a strategic approach by providing their clients with a free financial analysis, a market comparison and a financial plan that achieves both their short term and long term objectives.”

Although the performance of Alliance in 2009 exceeded all expectations, the broker still takes a cautious approach to financial planning and believes that those that implement tried and tested risk management techniques into their investment strategies will stand a better chance of coming out ahead and gaining from the opportunities presented by the market today. 

Many brokers have the ability to provide Hong Kong residents with free financial needs analyses and residents should take advantage of these offerings as they help to provide an understanding of their current financial position and give direction to the strategies employed.

Mike Ramsay continued to say “companies like ours call it intelligent finance, where irrational behavior and repeating mistakes of the past is exchanged for a balanced decision making process.”

Individuals wanting to receive a free financial analysis and market comparison can contact Alliance Insurance Services directly or visit www.alliancegroup.com.hk