Whether seeking income, growth or both, there are some basic rules to follow
Volatile financial markets are an inevitable part of investing. On a day-to-day basis, the swings in stock market prices can be significant. However, over the longer term, things have tended to smooth out, with daily volatility having a lower impact on overall portfolios.
That said, while this has happened in the past, it may not necessarily happen in the future. In the short term, market fluctuations like we’ve seen recently can be unnerving and make you ‘feel’ as if you’re losing money. That’s why it’s crucial at times like this that you focus on staying calm and taking a long-term view, avoiding locking in short-term losses, and making sure you’re properly diversified. Continue reading “Investing during market volatility”
Choosing a management style that’s right for you
Investors are faced with one of the most basic questions: do you want to put your money in ‘actively’ or ‘passively’ managed funds?
Deciding if you would prefer your investment ‘actively’ or ‘passively’ managed is an important consideration and a useful step towards narrowing your choice of funds to invest in. Your first consideration is deciding how you want your investments managed. Are you looking for a fund that will be impacted by an individual fund manager’s choice of investments? Or are you more interested in keeping charges lower and prefer one that simply reflects the performance of a major index, such as the FTSE 100? Continue reading “Active or passive? That is the question”
Keeping your investments safe
After nearly a decade of low interest rates and central banks pumping money into financial markets, traditional safe haven investments have become expensive, so where could investors look to keep their investments safe?
Gold, the US dollar, ‘defensive’ stocks such as utilities and pharmaceuticals, government bonds, cash – what do they have in common? In times of economic stress and market volatility, they are seen as safe havens for investors. Continue reading “Financial strife”
Choosing the right structures can protect assets and give your family lasting benefits
The structures into which you can transfer your assets can have lasting consequences for you and your family, and it is crucial that you choose the right ones. The right structures can protect assets and give your family lasting benefits. A trust can be used to reduce how much Inheritance Tax your estate will have to pay on your death. Continue reading “Setting up a trust”
Securing more of your wealth for your loved ones
Protecting your estate is ultimately about securing more of your wealth for your loved ones and planning for what will happen after your death to make the lives of your loved ones much easier. Continue reading “Inheritance Tax”
Permitting someone to act on your behalf when you are no longer mentally capable of making decisions
A Power of Attorney is a legal document that allows you to give someone else the legal authority to act on your behalf. There are several different types of Power of Attorney. A Lasting Power of Attorney (LPA) – previously called an ‘Enduring Power of Attorney’ – allows your attorneys to make decisions for you when you no longer wish to, or when you lack the mental capacity to do so. Continue reading “Power of Attorney”
An essential part of your financial planning
Your will lets you decide what happens to your money, property and possessions after your death. If you make a will, you can also make sure you don’t pay more Inheritance Tax than you need to. It’s an essential part of your financial planning: not only does it set out your wishes, but, die without a Will, and your estate will generally be divided according to the rules of intestacy, which may not reflect your wishes. Without one, the state directs who inherits, so your loved ones, relatives, friends and favourite charities may get nothing. Continue reading “Making a will”
No one is immune to the risk of illness and accidents
No one likes to think that something bad will happen to them. But, if you couldn’t work due to a serious illness, how would you manage financially? Could you survive on savings or sick pay from work? If not, you may need some other way to keep paying the bills – and you might want to consider income protection insurance. Continue reading “Income protection insurance”