Rohan Sivajoti, advisory services director at eVestor said: “Now is not the time for investors to take knee-jerk decisions with their financial futures. Investing is a long-term commitment and it’s important not to panic sell when markets are volatile.
“The FTSE 100’s recent falls have been driven by investors’ deep concern over the stability and strength of the global economy and the knock on effect this might have in the UK. During a period of falling inflation and low wages, the UK could find itself at particular risk of catching the economic epidemic that is spreading across the eurozone. It yet again highlights the importance of focusing on what you can control, such as costs and portfolio diversification, while remaining invested for the medium to long term.”