Selecting investments
A Guide to Smart Financial Planning
Looking for an easy-to-understand introduction to investments? You’re in the right place. Here’s what you need to know before putting your money to work.
At My Pension Expert, we specialise in empowering you with financial advice tailored for retirement. Whether you’re approaching retirement or simply planning ahead, making informed financial decisions is crucial and that’s where our advisors come in.
One of the most powerful tools at your disposal when planning for the years ahead is investment. With the right guidance and support from our experts, investments can form a key part of a well-rounded retirement strategy, helping you grow your savings and provide long term financial security. But we understand getting started can feel overwhelming, especially if you’re not sure how to handle your finances.
We’re here to offer a clear service and introduction to investments, designed to help you understand your options and select the investments suitable for you. Explore our comprehensive introduction to investments today, and discover how strategic investment planning can support your retirement ambitions.
What is an investment?
What exactly is an investment? It’s your ticket to potential profits!
To break it down, an investment is where you allocate money into an asset, such as Stocks and shares, with the expectation of generating income/capital growth over a period of time. Now it may sound similar to savings where you set money aside, however, investing includes various levels of risk and reward on your returns.
Whether you’re using your funds to purchase stocks, property, bonds or cash holdings, investments offer a world of opportunities to grow the value of your funds. With the help of investment portfolios, which our advisors can recommend based on your goals and objectives, you can invest in a diverse range of assets to help you manage your risk and suit your needs.
Our investment service:
What are the Benefits of Investing
Investing is one of the most effective ways to build wealth and meet long-term financial goals, especially for fulfilling retirement plans. As part of our introduction to investments, here are some core reasons as to why investing is beneficial:
Grow Your Wealth – Allocating money to assets that have potential to generate income and increase over time allow your savings to grow. Interest and reinvestment can largely increase your wealth compared to regular savings accounts.
Beat Inflation – Inflation gradually decreases the value of money. Savings accounts do offer minimal interest however investments usually offer returns that overtake the inflation rate, preserving your value.
Achieve Long-Term Goals – When saving for your future and to be able to tick off those awaited dreams and investing can help you reach those milestones faster.
Diversify Risks – A range of assets on your investment portfolio can spread the risk across multiple avenues, reducing the impact on your overall wealth.
Is Investing Right for Me?
Now, you might be wondering, “Is investing right for me?” Don’t worry, you’re not alone. Whether you’re hesitant due to the size of your pot or fear of complexity, we’ve got you covered.
Our team of financial advisers is committed to making financial advice accessible to everyone. They’ll assess your situation, discuss your goals, and tailor advice to fit your needs perfectly. And guess what? If investing isn’t the right move for you, we’ll let you know – no strings attached!
But hey, we get it – financial decisions can be daunting. That’s why we offer no-obligationappointments. Book an appointment by requesting a callback, or call us free today – we’re here to help you navigate the investment landscape with confidence.
Important informationWhen investing, your capital is at risk. Past performance is not a guide to future performance.
Common Mistakes to Avoid When Investing
As part of the introduction to investments, it’s important to be aware of some common pitfalls investors make. Here are the key mistakes to avoid:
| Lack of Research | It’s a big risk investing in assets you are unsure of. Seek advice from our financial advisers and they’ll guide you through your options based on your circumstances and goals. |
| Chasing Short-Term Gain | Attempting to make quick profit is risky and investments are designed for long-term gain and it can take time to see results. |
| Failing to Diversify | Investing all your money into a single asset exposes you to great risk during market fluctuation, diversifying lowers the impact of changes. |
| Ignoring Risk Tolerance | Our advisors are experienced in assessing risk tolerance and helping individuals to create a portfolio that suits their needs. |
| Not Reviewing Portfolio | Seeking ongoing advice and reviewing your investments with our financial advisors can help you keep on track. |
Introduction to Investments: Understanding the
Costs
Investment products are designed to return a profit after you account for any fees. There are a number of charges associated with investments, some of which relate to the advice you receive, whilst others are linked to the investment platform and fund choice.
At My Pension Expert, we believe in transparency, so you’ll always know exactly what you’re paying for and the value you’re getting in return. A financial adviser will break down all the charges when they make their recommendation, making sure you’re fully informed every step of the way.
Ready to take control of your financial future? Request a callback or give us a call today, and let’s put your money to work!
Frequently Asked Questions
Need another question answering? Get in touch with us today.
We have Stocks & Shares ISAs, General Investment Accounts and Pension Drawdown options. Our advisors are equipped with knowledge on these portfolios and can help you make the most of your finances.
Choosing the right investment can seem difficult but we’re on hand to help. Check out our Selecting Investments page or get in touch today.
Fees may include advice fees such as our ongoing advice service, platform fees and fund management costs, be aware that these are subject to each provider and not fixed across portfolios.
Yes! At My Pension Expert, we offer an ongoing advice service that will allow you to receive long-term support and annual portfolio reviews to help you manage your finances safely.
This introduction to investments is just the beginning.Get in touch with expert team today and explore your options in more details.
Contact Us
Have questions or ready to seek advice? Contact My Pension Expert to unlock the potential in your pension, with tailored recommendations.
My Pension Expert Limited
Floor 4, Colonnades House
Duke Street
Doncaster
DN1 3BW
Tel: 01302 636119
Email: info@mypensionexpert.com
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