Safe Havens by Richard Cayne financial Consultant

As the global pandemic continues onward, we find ourselves in times of grave economic uncertainty. Our lives may never truly be the same again, even long after the day should come that the virus has been contained and become treatable. The same can also be said for our investments.

So is that for the better or the worse?

Some would argue that now is a great time to turn to investment “safe havens”, primarily investing in gold and various other precious metals during times of economic disarray. As Richard Cayne of Meyer international ltd in Bangkok, Thailand will tell you: “There is some level of risk, to bear in all investments, even gold and precious metals. Even bonds. The question you need to ask yourself is ‘How much risk can I afford to take’? And now, more importantly and more than ever, the investment decisions we make need to be as informed as possible.

What are safe havens?

Generally speaking, “safe havens” are considered to be investments that, for whatever reason, are seen to be at low risk for losing their value during periods of economic chaos. In fact, their overall value may indeed even increase during these times. When someone refers to a “safe haven” in the investment world, they are generally referring to cash, bonds and gold. Cash is a no-brainer, because it is, after all, cash. It remains unaffected by the price of stocks and fluctuations in the stock market. Bonds serve as a safe haven because they represent debts that are almost always guaranteed to provide a return that exceeds or at least breaks even with your initial investment. Gold remains a safe haven because, as far as commodities are concerned, it generally retains stability and oftentimes can even see an increase in demand during downturns.

But unfortunately, things are never really that simple in reality. A dollar will always be worth a dollar, but it’s buying power may fluctuate in the event that inflation occurs. A bond issuer may default and find themselves unable to pay back the principal. As far as gold, it will always only be as valuable as investors decide to make it. Its value increases with its demand, but the opposite can also be true. Furthermore, if you do own gold, you have to take into account factors like paying for the storage and transport of said gold and also the fees that may come along should you decide to liquidate it.

Diversification is the safest strategy

During tumultuous times, it’s perfectly natural to look for sanctuary, safe shelter against the storm. But as with most things we contend with in life, every action carries with it a certain degree of risk. 

Diversification still remains the primary tenet when it comes to intelligent financial planning. When you invest in multiple asset classes (“safe havens” like gold and bonds included) you can more easily shield your investments without having to worry too much. It’s important to take into consideration what the best course of action is for you and your family and not necessarily to just go along with what others tell you is a sure bet. If you have financial stability right now, it may be prudent to take a step back and discuss all the possible options for diversification with a tried and trusted international financial expert like Richard Meyer Cayne. He can definitely help you decide what the best course of action is going into the future.

Richard Meyer Cayne

Richard Meyer Cayne of Asia Wealth Group Holdings, the Meyer Group, Meyer Asset Management and Meyer International Ltd has been involved in wealth management planning for decades. Originally born in Montreal Quebec, Canada, he later relocated to Tokyo, Japan for over 15 years and now resides in Bangkok, Thailand. While he runs the Meyer Group and serves as the high credibility CEO of Asia Wealth Group Holdings Ltd, a London, UK Stock Exchange-listed Financial Holdings Company, as well as the Managing Director of the Meyer Group of Companies www.meyerjapan.com. and has additionally been the managing director of multiple organizations that specialize in helping high net worth individuals with succession planning . Having worked with clients all over the globe with everything from portfolios to bonds to mutual funds to offshore investing to investing in retirement for your golden years, Richard Cayne of Meyer International can help you invest the right way and protect your cash. Richard has been a financial advisor involved in wealth management planning solutions and asset management in Asia for over 25 years and while living in Tokyo, Japan, he assisted many high net-worth Japanese families create innovative international tax and wealth management planning solutions. The financial holding public company of which he is CEO can be seen at Asia Wealth Group Holdings Ltd or the stock exchange link: https://www.aquis.eu/aquis- stock-exchange/member?securityidaqse=AWLP Asia Wealth Group Holdings Ltd – Richard Cayne Thailand. Meyer Asset Management Ltd has been in the wealth management space since March 2000 and uses fundamental analysis along with modern portfolio theory. His image worldwide as a professional advisor has been sterling and he maintains a firm command and understanding of all things finance-related.