We all want to make sure that our savings and hard-earned cash are safe, but at the same time we also want to see that money grow or, at the very least, not be eroded by inflation.
Once you have a comfortable level of savings in your bank account to cover day to day needs and emergencies, you might want to start to think about investing your money. There are plenty of straight forward options and we believe that you don’t have to take massive risks with your money in order to achieve a reasonable return. Investment plans have changed significantly over recent years and we have a range of investment products to suit every appetite.
Whilst in general, higher risk investments have a greater potential for growth so there can be good reasons for taking a little, or a lot, of risk in order to boost the value of your savings. Sadly it’s not possible to avoid risk altogether as even leaving your money in the bank will see the value of your money fall over time due to the effects of inflation.
Risk can be mitigated by diversification, effectively spreading your money over a range of investments or funds and should be continuously reviewed in the sure knowledge that your attitude to risk will change over time.
We use analytical tools and questionnaires to help assess the level of risk appropriate to your investment but you are always in control and you need to feel comfortable with any investment decision you make. It’s our job to ensure you have all the facts and to make sure that you are not blinded by high potential returns, ignoring the associated risk!
The strategy you select will reflect your attitude to risk and will include consideration of the investment timeframe , the purpose of the specific investment as well as your overall wealth as we need to make sure you don’t have all your eggs in one basket and of course the final decision is always yours!
To find out more email info@decarteretwealth.com or telephone 01534 860660.
