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Independent Financial Advice |
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Investment Planning
Your decision about how best to begin saving or how to invest a lump
sum should start with a thorough look at your present needs and your
plans for the future. There is of course no single best
solution. A bewildering range of choices face you – and you will
probably need independent advice to help you produce a savings and
investment portfolio which is best for you.
Begin with asking yourself some questions:
Do I have a lump sum that I can invest? Or is it better to use it to pay off debts or the home loan to reduce monthly outgoings?
How much money do I need to have ready access to?
Can I commit myself to save regularly within my present income and
financial commitments? Or is it best for me to invest
occasionally when my other commitments are met?
Am I investing with a particular goal in mind?
How much of my money do I want to tie up for the longer term?
What is my tax situation? It makes sense to take full advantages of tax breaks if available.
You will obviously want to maximise returns and minimise risk, which is
of course the balance you will have to weigh up. In general terms
the greater the potential for higher returns the more risky the
investment. The safer the investment, the lower the expected
return.
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Investment Planning 
