6-Things-you-need-to-know

6-Things-you-need-to-know - 6 things you need to know To...

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6 things you need to know. .. to get the most out of your investments - 10/10 6 things you need to know To get the most out of your investments This information sheet was written to help you develop an awareness of financial (and other) matters to consider when investing your money. I have recently come into money are there any decisions I need to make straight away? It is usually not necessary to make any decisions immediately. So, allow yourself time to adjust to your new situation and assess your options. You may find it beneficial to decide how much you will need to live on for the next 6 to 12 months and keep that money separate. You can put your money in a temporary and safe account a term deposit or cash management account will provide a safe and relatively liquid place for your money. You may need to get tax advice so that you can determine if there are any immediate actions you must take because of tax repercussions. 1. How do I preserve and grow my capital? Arguably the most important goal of investing is to maintain the real spending power of your savings. That is best achieved through risk management, not chasing returns. Risk cannot be entirely avoided or outsmarted through cleverly timed purchases and sales. But investments can be shaped to minimise risk and maximise potential returns. While it is natural to be concerned about the security of investments, a smart investor understands the need to undertake a certain amount of risk. Safe low-risk cash investments, like cash management trusts, for example.are excellent choices for preserving the nominal value of assets and ensuring a very high level of liquidity, if that is a requirement. However, over the longterm they generally cannot provide the capital appreciation needed to meet long-term investment goals. The best way of both protecting capital
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6-Things-you-need-to-know - 6 things you need to know To...

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