After a gloomy week on the markets I’m glad we recommend a buy and hold strategy. Knee jerk reactions will cost money so think before you sell. If your asset allocation is right for your risk tolerance then sit tight.  Dig out your “fire drill of investing” and look at how bad it could have been. If you haven’t got a “fire drill of investing” then we should talk.

The FTSE All Share index, representing the performance of all eligible companies listed on the London Stock Exchange has finished the week at 2,616.34 a decrease of 26.66 points on the day and 147.47 points lower than its 2,763.81 opening value at the start of the week.

So far this year the FTSE All Share index, which accounts for approximately 98% of the UK’s market capitalisation, has gone down 446.51 points from its’ opening price of 3062.85 at the start of trading on 4^th January 2011.