Enable’s IFA’s in Bishops Stortford are developing a Facebook Q&A to help you consider your wealth management options. We are happy to explore any queries you may have about how to save and invest to help your wealth work best for you whether you are the end of the beginning of your investment journey.
Going back to the beginning, in investment terms any attempt to grow wealth is likely to do better if it is earmarked for a goal that are at least five years away. This is because of fluctuations in the markets and most investments however safe are likely to be exposed to some level of risk. That is why it is so important to be very clear about the right level of risk for you at the right stage of your life.
For investment stocks are shares are probably the best known investment option, but picking and choosing individual companies to invest in is not how most people do it. There are a range of different financial products to help investors to more easily and efficiently accessing these market through portfolio wraps and tracker funds and ISAs .
Bonds have long been another form of investments; money is loaned to a corporation or government at a fixed interest rate. Bonds tend to offer lower returns than stocks, but they are typically associated with less risk because their prices are largely based on the creditworthiness of who’s issuing the bond.
In general terms the longer you have before needing to access your investments, the more risk you may be able take on; this might mean that you hold more stock investments (like stock index funds) in your portfolio. But as you draw closer to withdrawing, the more you may want to skew toward more conservative assets.
Issued by: Enable Independent Financial Life Planners • 25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 – Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE