There are many reasons you might be glad to see the back of January, especially if you had a tax return to complete by the 31st deadline. Investors seldom enjoy preparing their tax return but recent years have brought added disappointment, as low interest rates have led to a reduction in the income declared.
With little interest available on cash, many retired people have been forced into strategies such as spending capital, tightening belts and in some cases re-employment. Clearly many like the comfort and security of deposit, but when quality of life is threatened there is an increasing willingness to look at alternatives and take some risk.
Investing in stocks and shares brings greater potential income and returns, but is obviously not without its risks, particularly loss of capital. If you are unsure, our Financial Advisers can take a look at your particular situation and advise on an appropriate course of action for your circumstances.
No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.
An adviser will help you assess your attitude to investment risk, establishing how much risk you can afford to take, and importantly how much risk you are comfortable taking. You might find the risk of capital loss troubling, or you might feel confident it is part of investing in the stock market and content to remain invested until values recover. Where your personal feelings lie will go towards determining how much and where to invest.
The next thing is building a balanced portfolio to match your needs. An adviser will recommend an appropriate mix of cash, bonds and stock market investments to suit your risk profile and suggest specific investments for each part of your portfolio to generate the income you need.
We provide independent advice, which means we look at the whole market to find the most suitable solutions. As we also offer a non-advised service, we will determine if you would benefit from advice, and where appropriate show you how to achieve the same results yourself using our other resources. Our advice is available on portfolios of £20,000 or more. For a free consultation and details of our fees please contact our Advisory Helpdesk on 0117 317 1690.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.