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How to get the most out of your investments

Whatever amount of money you have to invest, you want to see a good return on it. It could be £1,000, it could be
£1 million or something in between, which is where most of us find ourselves. This month we take a closer look at the main ways in which you can put money away and which ones may be right for you. As always, you can talk to our team of independent financial advisers at Plutus Wealth for advice specific to you and your goals. Find us on www.plutuswealth.com.

What are you saving for?

This is the first question to ask yourself when looking to get your savings going. The most frequent reasons we see our clients saving for include:

What are your timescales?

The next question is, how quickly do you need your money to grow? A longer-term investment, such as a pension or a fund for your children’s university tuition fees, will typically have a little more time to grow – depending of course on when you begin to save; the earlier the better when it comes to maximising your returns.

Your attitude to risk

Risk is about finding the right balance between being adventurous and cautious when it comes to investing your money. Find out more about what it is and how to find out where you sit on the risk spectrum in last month’s article on attitude to risk.

The main ways to invest

There are a number of ways in which you can invest your money. The key ones and the pros and cons of each are:

 

Your money is more easily accessible with an ISA, although be aware that it is still locked for the length of time that you chose when opening your account.

When it comes to investing in the stock market, though, you are more exposed to its vagaries and there is a risk that you could see your investment drop as well as rise. In a way it is similar to investing in a pension scheme but with greater access to your money. The same principle applies though: the longer you can leave you money untouched, the better the chances are that any fluctuations will be smoothed out over time.

 

Talk to your independent financial adviser

Before you make any decisions on how best to invest your money, why not talk to an independent financial adviser? Our Plutus Wealth team is well placed and experienced in taking each client’s needs and requirements into account to design the ideal investment plan for them. Get in touch with us by calling 020 7871 5200 or email us at info@plutuswealth.com as your first step on saving for the future.