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Beware Of Reckless Caution

Over the last 20 years or so I have met with hundreds of potential new clients and a reasonable proportion say that they are very cautious by nature when it comes to investing. This can mean that they spend decades with much more money than they need to have in the bank, building society and other ‘secure’ assets. We all need a cash contingency fund for emergencies and imminent expenditure but let us use the example of £100,000 that isn’t expected to be required for a good few years. The attraction of cash deposits to a ‘cautious’ investor is that, in 12 months’