Investments

Making your money work harder, so you don’t have to…

There are many things you will need to consider when it comes to savings and investments. For a start what is the difference between the two… and depending on what your circumstances are, what stage of life you are at and what your ultimate financial goals are, which will suit you best?

In layman’s terms savings are considered the safer option, where your cash is usually put into a bank or building society or into products that invest in cash. There they will earn specified rates of interest over time – the risk of anything untoward happening to your money is low, but so is the growth potential for your money.

Investments are more risky – your cash is put into funds which in turn invest in assets. The value of your investment can go down as well as up and you may not get back the full amount invested.

So, although you could potentially lose some or all of the money you have invested, there is potential for higher levels of growth and larger returns on your investment than simply investing in cash.

How to choose between whether to save or invest?

When trying to decide which option will work best for you, it is paramount that you consider your ability to live day by day as comfortably as possibly, set against your ability to make provision for the future, whilst still maintaining your quality of life – whether it be that you find yourself suddenly out of work for a period of time, or you are looking at retirement.

As well a full financial health check to review your current situation, we’ll assess a number of important additional factors such as:

  • Your attitude to risk and your capacity to deal with loss
  • Any debt you may currently have
  • How likely you will need to have quick access to your money
  • Provision you have in place for a rainy day fund
  • Any retirement plans you already have in place

Once we have a clear picture we’ll guide you through the various products available, and make suggestions about whether you should go down the route of a savings or an investment plan.

With regular reviews we can ensure that your portfolio  is managed in the most profitable and the most tax efficient place, giving you peace of mind that your money is working as hard for you as possible, and at a level of risk that you are comfortable with.

To speak to us about savings and investments you already have, or if you want help and advice about how to get started, please get in touch.
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