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The Value of Investment Advice

The Value of Investment Advice

Seeking advice on how to look after your money may not be as fun as the immediate thrill of spending it, but it could be a rewarding decision in the long run.

Investing can be a daunting task, especially if you’re not sure where to start, that’s where advice can be handy. A financial adviser can help you understand your financial situation, develop an investment plan, and choose the right investments for your needs to meet your goals.

Value of investment advice

Assess where to invest – Getting advice from a financial adviser can expose you to a wider range of choices when it comes to deciding where to invest. They have the knowledge and expertise on how products work in different markets and can identify any possible downsides as well as potential benefits.

Asset allocation – It’s important to invest in a mix of investments to reduce risk. A financial adviser can help determine your objectives for the investment as well as your attitude to risk before making any recommendations. This is to ensure you are taking the right level of risk and are in a good position to achieve the returns you want.

Portfolio rebalancing – To maintain a healthy mix of investments, you need to rebalance your portfolio. Essentially this is adjusting the weightings of different asset classes in an investment portfolio. A financial adviser will review the portfolio and rebalance where needed to ensure that you don’t take too much risk.

Help achieve your goals – Even a seemingly straightforward financial goal can involve numerous decisions and a range of different products and providers. A financial adviser can help assess what is realistically possible and create a tailored financial plan to ensure you achieve your investment goals.

The key benefits of investing

It’s important to think carefully about putting some of your income aside for the future. For example, you may have more money to invest once your children have moved out, or your mortgage repayments may have reduced. So, what are the benefits to investing?

  • Long-term returns

Investing offers the potential opportunity for long-term returns. The money you invest has the potential to grow significantly over time.

  • Building wealth

Investing money in a variety of assets can be a great way to potentially build your wealth. The earlier you start and the more you’re able to save, the better shape your financial assets are likely to be in when you need to draw on them.

  • Planning for retirement

No matter your age, it’s important to start saving for retirement as early as possible. Investing can help to grow your savings to ensure you have the money to get through your retirement years comfortably.

  • Meeting financial goals

Another benefit to investing is the ability to achieve your personal and financial goals. Whether it’s saving for university, buying your dream home or simply building savings for the future, investing can grow your money giving you financial freedom to achieve your goals.

We’re here to help

We can go through the options available to you and discuss the various factors that could affect your investment and provide a personalised, tailored investment plan with the right products for you. Get in touch today.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

Key Takeaways:

  • With financial uncertainty nowadays, advisers can help you create a plan to profit in the good times and weather the storm against any possible downturns.
  • Financial advisers can help you choose the right investments to suit your needs.
  • Set clear investment goals and monitor progress when saving for the future.
  • The earlier you start saving, the better shape your financial assets are likely to be in when you need them.
  • The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

Approved by The Openwork Partnership on 16/08/2023.

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