To invest or not to invest, that is the question!

I was speaking to a young parent the other day, young children and not old himself at only 37. However, as we spoke and the matters progressed, it dawned on us that he had no consideration in regards to his children’s future financial needs, nor how he could satisfy them apart from the usual work hard and stay employed route.

What he, and many others in his position was missing is that it really is, never too early to start saving for the future. At 35 we all think that the world is laid out for us and we have our lives to live, but, any parent out there knows, the time seems to fly by, where once you held them in the palm of your hand, now they are browsing shops and soon will be looking to college.

We come back to the old misconception that a Financial Adviser is for the wealthy, which is not the case. A Financial Adviser looks to help you look at your situation, provide ideas how to plan for the future and gives you advice on how to obtain those goals. You do not have to use the advice, but can you afford to pass up a free chat!

Investment Funds, Fixed Deposits, Shares, Bonds, Regular Savings Plans, SIPPs, ISAs, the list goes on and on, but do you know how they can help you and which one to choose? A simple, obligation free chat with a Financial Adviser can help you make decisions now that will benefit you in 10 to 15 years’ time… think that is a long time still, it’s as long as the Euro has been in circulation! Any parent with a 10 year old will tell you, they just grew up in an eye blink. The days mount up, so can your savings if you look after them.

Chat with a financial adviser and discover how you can provide for the 18th Birthday, the college education, a Grandchild’s 21st or the wedding you swore you would never indulge in way back when! The simple matter of life is that money will be needed when you least expect it and you need to know how to deal with the demands.

Do you have a pension? Do you know how to set one up? What benefits can you enjoy by having a pension plan in place, even a private one? Look around you and think, how many of my peers are set up for later life? I’ve had a look recently and I can pretty much guarantee that 80% of the people I see on a daily basis are not prepared for their financial future. What will you do when you retire or something happens that needs paying? A client contacted me last week to cash in one of their pensions as they have to pay for both a Wedding and a Funeral in the next month, it can strike that quickly and you need to be prepared!

However, being prepared is easy, a quick, informal chat to set out some guidelines and, more importantly, get you thinking about it, will show you how easy it is to set the wheels in motion and pick the way to save that is best for you!

Investment Funds, a solid way to invest

Many people shy away from Investment Funds in search of a more secure and guaranteed return on their investments. However, a proper Investment Fund, with Investment managers behind it, should always make money as they have the power to move the underlying investments around to maximise growth as the market changes.

You can put your savings in a Deposit Account but in the current Market and its terrible interest rates, you are really only lending your money to the bank, virtually interest free. They, I’m afraid to say will not treat you the same when offering you a loan!

It’s a sign of the times that even most banks will try to steer you to Investment Funds when you go in with “New Money” as not only is it, usually, the better option right now, they make higher margins on it as they invest you in their own “in house” funds.

However, an independent Fund Manager will not be looking to use certain funds just to get a higher bonus at the end of the year, they look to the best option for their client’s money as, the bottom line for them is, the better the fund performs, the more they make by administering it.

A well run investment fund, and there are 1,000’s, is a great option for investing money. Even if the fund does not live up to its predictions (Most funds will claim an annual return of 3-6%) it should still outperform any Deposit account being offered by a bank.

Here at Pennick Blackwell, we don’t just tell our clients to invest in a Fund and watch your money grow. Through our free financial review, we examine a client’s individual situation and make our recommendations based on our fact find. And it is just that, a recommendation. If a client does not “feel it” for any reason, we understand. In our review, we would offer various investment opportunities, explain them all and get the client’s feedback in order to fully explain the situation.

Many people are under the mistaken belief that a Financial Advisor is just for the wealthy people to get more money, in reality that could not be farther from the truth. Anybody can consult a financial adviser and benefit from a free financial health check, like we provide here at Pennick Blackwell.

Are you planning for retirement? A life changing event? Looking after an inheritance? Looking to provide for Grandchildren when they set off for college? There are many ways to save and many ways to invest, it is not all about what your bank will tell you, they are biased towards their own products and many people have lost huge sums of money by believing their friendly neighbourhood Bank Manager. It does not matter if you have € 10,000 or € 100,000, an independent adviser will give you options you may not have known about and could open your eyes to a different option.

What we guarantee is a free, no obligation review of your situation and a full explanation of what you can do with your savings, depending on what you are looking for, long or short term, risk free or not, we will explain the options to you and let you make the decision.

Prepare with Pennick Blackwell and minimise the risks to your money (and health!)

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