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If all goes to plan, my Stocks and Shares ISA should provide me with a comfortable retirement. But when it comes to investing, there’s no room for complacency. It’s impossible to know what dangers lie ahead and how they might impact on my wealth.
Take Burberry (LSE:BRBY) as an example.
In April 2023 — just after the end of its 31 March financial year (FY23) — its shares were changing hands for around £26. The company was about to report record-breaking sales, profits, and earnings per share.
Seventeen months later it was relegated from the FTSE 100 to the FTSE 250. And its share price is now over 70% lower.
I doubt many saw this coming, although there were some clues when it published its FY24 accounts. These disclosed a 4% year-on-year fall in revenue.
What’s gone wrong?
Most of the luxury brand’s problems have been blamed on the economic downturn in the Far…
