St James's Place (SJP) chief investment officer Chris Ralph has said encouraging clients to stay invested has become one of the firm's biggest challenges, as markets suffered a sell-off last week.
Ralph, who joined the group in 2009, said clients had been wanting to take profits on their investments for the past two years. "Our clients' big concern has been whether now is the time to get out, having seen attractive returns for so long after a nine-year bull run. "That is a bad idea because if you had exited the market in the past two years, you would have missed significant gains. 2016-17 was a great example to tell people about why it is difficult to time the markets. "Looking at events such as the Brexit vote and the election of President Trump, the market reaction was en...
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