Since markets collapsed in 2008 we have made quite a dramatic recovery but, as many of my clients have been asking me, where does it go from here?

Clearly we can only estimate what may happen in the future but we must learn from the past. The FTSE 100 Index, since hitting its lows in March 2009, has rebounded by over 50% and some individual shares or funds have doubled in value.

Overall, commentators still see volatility ahead and markets hate uncertainty. The style and colour of the next government will have a huge impact on growth, our currency and pace of recovery. It is going to be a tough job, and a hung parliament could delay the inevitable hard decisions that need to be taken. A clear majority with a mandate to reduce our mountain of debt will probably be taken well by the markets and the recovery in assets should continue.

Cash rates, whatever happens over the coming months, will still be low as banks rebuild their balance sheets and make a good margin on their products. The Bank of England will need to keep rates low to encourage demand. People needing income are being tempted by more risky products but need to ensure the products are appropriate for them and enough cash is still at hand for emergencies.

One asset class that has done very poorly since 2007 is commercial property, but even this area has seen a decent and consistent revival without a bubble appearing just yet.

If inflation concerns you then index-linked gilts, national savings and real assets (like property and commodities) are ones to add to your portfolio. Again a balance of risk and diversity is key and with Easter just round the corner, don't put all your eggs in one basket! Happy Easter.