Easing the complications with investment advice
Many people in Wirral are prosperous because of the strong local economy, and are therefore ideally positioned to benefit from professional investment advice.
Wirral Growth Plan
Wirral Chamber of Commerce describes Wirral as a diverse community that is:
“…built on innovation, enterprise through established multi-national market leaders, a growing SME sector, and the many new business start-ups.”
The Chamber of Commerce has created a Business Growth Plan that aims to build sustainability, connectivity and talent on the peninsula.
If your business or employer has benefited from the Wirral Business Growth Plan, the result will be more money in your bank. However, leaving it sitting in your current account is not making the most of money, which is why many look at wise investments. With an abundance of choices, investing can be complicated, which is why investment advice is so valuable.
Return on investment
The first rule is to make a return on your investments. With inflation around 3%, ideally you need returns that exceed that percentage.
If you want a low-risk solution, you could put your money in a high street bank savings account or government bonds, but you will be lucky to get over 2% interest.
Higher returns, but higher risks, can be achieved through investing in shares, equities or commodities. Investment advice can help you choose investments that balance risk with the potential for higher returns.
Time
An investment strategy looks at a long time period, from your present age to old age. Investment strategies for the short term will include investments that generate a regular income. A long-term view will keep money invested for many years to allow your capital to grow. You need to invest in a pension scheme so that you can be financially comfortable after you retire.
Time is an important element when investing in the stock market. Ideally, you need to find companies with low value shares that have good future growth potential.
Not just about you
Investment advice is not just about your individual financial goals. If you have a partner and a family, you want to make sure that they can benefit from your wealth. You could set up a Family Trust that invests money to benefit your dependants, and save tax.
More than investments
An independent financial advisor will help you with your investments, but can also offer other useful financial advice. Your wealth and savings need protecting. This can be done through appropriate insurance, such as mortgage protection, illness protection and life insurance.
Your wealth and investments may need passing on to your dependents after you die. A financial advisor will help you plan your estate to ease the financial pressure on your family by making your estate easier to manage.
An advisor will help with tax planning as well, making sure that you are not paying more tax than you need to.
Start today
It’s never too early to start planning your investment strategies. Talk to an independent financial advisor at Wirral-based Endeavour Financial Planning for honest, unbiased investment advice.
INVESTMENTS – THE VALUE OF UNITS CAN FALL AS WELL AS RISE, AND YOU MAY NOT GET BACK ALL YOUR ORIGINAL INVESTMENT
A PENSION IS A LONG TERM INVESTMENT. THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND UPON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTERESTS AND TAX LEGISLATION.
TRUSTS, ESTATE AND TAX PLANNING ADVICE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY
