Investors 'should use their heads, not their hearts'

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Investors 'should use their heads, not their hearts'

Investors have been urged to stick to cold, hard fact rather than predictions when it comes to the progress of Britain's banks in the future, it has been advised.

Director of Magus Financial Management Dante Peters, a firm that claims to take an innovative approach to wealth organisation, has warned those considering investing their money into the stock market not to be wary of positive financial results.

Following positive news from banks such as Barclays and HSBC, Mr Peters has cautioned those with funds to invest that markets are often "driven by emotion rather than reality".

He added: "If you actually ask investors what they want it's an investment experience that isn't like a rollercoaster."

The fourth Investor Outlook report from Lloyds TSB Wealth Management showed that the average unit invested in equities in the UK rose by 17 per cent since December 2008 - bringing the overall sum up to £28,000.

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