Investment Choices - Choosing A Suitable Investment
We like to describe investments like supermarkets. In a supermarket there is a huge range of tins of baked beans of different qualities, different prices and different labels. There is then a huge range of totally different produce available such as carrots, milk, tea, even motor insurance and banking.
This is the same when saving or investing money. There are over 28,000 different investment funds as well as hundreds, if not thousands of policies offered by different investment firms, insurance companies, banks and building societies. Even a need to select the right country e.g. onshore, offshore and the right currency match.
It is just 'mind-boggling'.
In short, we need to ensure you have the right "investment" supermarket, with the right shopping bag, in the right shopping isle, the correct shelf and get the right tin of baked beans to match your taste, size and price.
Before making a decision on the right type of savings or investment plan, i.e. to select a suitable investment for yourself, you need to have an understanding of:
After having read this section and then investigated all the different types of investment contract, we suggest that you:
Contact us and request expert advice regarding your investment choices today.
But, Do Not Forget The Investment Term:
How Long To Invest
As well as an investment being suitable in terms of your attitude towards risk, you also need to think carefully about how long a period you wish to invest.
This can be broken down into the following timescales:
Shorter Term Investment
Medium and Long Term Investment
Warning: Think long and hard about how long your money will be invested
Use as a guide - this is not advice
These comments should be used as a guide only and not as advice in relation to your own particular circumstances. If you are in any doubt you should request advice from us.