Fortress Fund Managers’ Investment Director, Roger Cave, and Pension Director, Rene Delmas.
Keep saving
6/24/2012
Even while the world economies continue to struggle in the midst of economic recession, people should still make an effort to save for their future.
This is the message being sent out by Fortress Fund Managers, which has just launched a saving tool, the Fortress Builder, making it easier to save. At a press conference at their offices in Hincks Street recently, Investment Director, Roger Cave, weighed in on the state of the economy today.
“It is very tough environment; it has been one of the toughest that we have seen since we have been in business. It has lasted longer than any one of these types of things that we have had since we have been in business,” he conceded.
Cave used the difficult times experienced after 9/11 as a reference, maintaining that the current difficult times too will come to an end, though not immediately.
While many people are cautious about investing in these turbulent financial times for fear of not having their money at hand, Cave explained that now is actually an ideal time to buy into good companies at good prices.
When asked about whether Fortress has seen a trend of investors cashing out their funds in recent times, the Investment Director said that has been the case in some instances, but maintained that this illustrates the real value of savings – a fallback for difficult times.
“Times are tough and people are having to draw on their savings, and I think that shows why you should try to keep savings, so that if you do fall on hard times, you do have something to draw on,” Cave stated.
He further singled this out as one of the advantages of Fortress Fund Managers, where a customer can access their funds at any time. (AN)
