Saving and Investing
Saving and Investment Advice from Rae Financial Advisory Services Ltd
Saving and investing are fundamental pillars of personal finance, providing individuals with the means to achieve financial security, realise their aspirations and plan for the future.
Independent financial advisor services, like those offered by RAE Financial Advisory Services, are crucial in navigating these areas. Our independent financial advisors provide personalised financial planning and investment strategies tailored to each individual's goals, risk tolerance and life stages, ensuring that both saving and investing are optimised to build and preserve wealth effectively.
What are the Benefits of Saving and Investing?
People in the UK often save for specific reasons as it's usually the safest way to build up a pot of money. It’s less risky than investing but offers limited growth. The most you'll earn on the money you save is the interest added.
Saving is perfect for people who don’t want to take any risks with their money and most savings accounts have easy access or are for a fixed term. However, you should also consider the effect of inflation on your savings. If the rate of inflation is greater than the rate of interest being earned, your savings are effectively losing value over time.
There are many different ways to save, but whichever way you choose, the general idea is the same: to build up some savings that can be used, for example, to make a large purchase such as going on a dream holiday, paying for school fees or covering the cost of expensive life events such as a wedding. Savings also provide security by ensuring that some money is put aside for emergencies or unexpected costs.
Where Should I Put my Money?
Since there are so many different types of savings and investments and there are potential risks with investments in particular, it is wise to seek expert financial advice which can be tailored to suit your circumstances.
If you're based in Manchester and the North West, including Stockport, Altrincham, Wilmslow, Handforth, Northwich, Middlewich, Crewe, Warrington, Widnes, Newall Green and Wythenshawe, our independent financial advice services are here to assist you with the following options of where you should put your money:
Unit trusts are a type of collective investment that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds or other assets. They are managed by professional fund managers who make investment decisions on behalf of investors.
Collectives, also known as collective investment schemes, are pooled investment vehicles that allow investors to pool their money together to invest in a diversified portfolio of securities. They are managed by professional fund managers who make investment decisions on behalf of investors.
Equities, also known as stocks or shares, represent ownership stakes in publicly traded companies. Investing in equities allows investors to participate in the ownership and growth of companies and potentially benefit from capital appreciation and dividend income.
With-profits investments are a type of investment offered by insurance companies that aim to provide a smoothed investment return over the long term. With-profits funds invest in a diversified portfolio of assets, including equities, bonds and property.
Fixed interest investments, also known as bonds or fixed-income securities, are debt instruments issued by governments, municipalities, corporations and other entities to raise capital. Fixed interest investments pay a fixed rate of interest or coupon payment to investors at regular intervals until maturity when the principal amount is repaid.
Capital investment bonds are investment products offered by insurance companies that allow investors to invest a lump sum of money into a single premium bond, which is then invested in a range of assets, including equities, bonds and property.
National savings products are savings and investment products offered by the UK government through National Savings and Investments (NS&I). National savings products include premium bonds, savings accounts and fixed-term savings certificates.
Individual savings accounts (ISAs) are tax-efficient savings and investment accounts available to UK residents. ISAs allow individuals to invest in a wide range of assets, including cash, stocks and shares and innovative finance investments, with tax-free returns.
Junior ISAs are tax-efficient savings and investment accounts available to children under the age of 18 who are UK residents. Junior ISAs allow parents, guardians and family members to invest on behalf of children and save for their future expenses, such as education, housing and other life events.
Lifetime ISAs are tax-efficient savings and investment accounts available to UK residents aged 18 to 39. Lifetime ISAs allow individuals to save for their first home or retirement and receive a government bonus of 25% on contributions up to £4,000 per year.
Open-ended investment companies (OEICs) are a type of collective investment scheme that pools money from multiple investors to invest in a diversified portfolio of securities. OEICs are managed by professional fund managers who make investment decisions on behalf of investors.
Investment trusts are a type of collective investment scheme that pools money from multiple investors to invest in a diversified portfolio of securities. Investment trusts are closed-ended investment companies that issue a fixed number of shares, which are traded on stock exchanges like individual stocks.
Offshore collectives are pooled investment vehicles domiciled outside the UK that allow investors to pool their money together to invest in a diversified portfolio of securities. Offshore collectives are managed by professional fund managers who make investment decisions on behalf of investors.
Savings and Investment Advice in Manchester and the North West
Savings and investments are indispensable tools for building wealth, achieving financial goals and securing long-term prosperity. By understanding the principles of saving and investing and seeking appropriate advice, individuals can unlock the full potential of their financial resources and pave the way for a brighter financial future.
If you're in Manchester or the North West, including Stockport, Altrincham, Wilmslow, Handforth, Northwich, Middlewich, Crewe, Warrington, Widnes, Newall Green and Wythenshawe, our independent financial advisory services are here to assist you.
You can reach out to us for expert financial advice tailored to your individual needs and goals. Whether you're looking to start saving for your future, invest in the stock market or plan for retirement, our experienced independent financial advisors are ready to help.
To schedule a free no-obligation consultation with one of our independent financial advisors, simply call us at 07957656773, send an email to ramzy@raefinancialservices.co.uk or fill in our contact form below.
| THE VALUE OF INVESTMENTS AND THE INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED. |
