With the help of Slater Financial I can relax safe in the knowledge that my savings are working hard for me.
When it comes to investing your hard earned cash, here at Slater Financial, we understand that getting the professional advice and assistance you need to make sound financial decisions is important, and could in fact mean the difference between making a profit and suffering a loss. In today’s recovering economic climate, there are numerous investment schemes just waiting for your funding, but as a first time investor how can you ensure that your money is advanced wisely?
Our dedicated and up-to-date investment advice has helped individuals in Buxton with capital and existing investments work the current market to their advantage. Here we offer our top tips for those new to investment…
Think long term
Whilst Hollywood blockbusters like The Wolf of Wall Street and The Big Short witness hot shot investors making their millions literally overnight, in real life, it is important to think of investing as a long term option. Be prepared to lock any monthly deposits you make away for a minimum of five years and set goals accordingly. Investment is the perfect route to saving for retirement or your child’s future school fees, not so great for footing the bill for a new car or property.
Take advantage of tax savings
Government endorsed tax-free allowances are a god-send for savvy investors so don’t miss a trick if this is your first foray. When investing through a stocks and shares ISA every adult in the UK is entitled to an allowance of £15,240 for the 2016 to 2017 tax year, whilst savings made by not having to pay capital gains tax can also expand your profit margins.
Expand your portfolio
As any investment advice professional will tell you to invest widely is to invest wisely, so don’t just funnel your funds into one route. Keep your investment portfolio as diverse as possible so you can profit with every market rise and fall.
Seek expert advice
The world of investment is particularly fast paced, and keeping up with the latest trends can be a full time job but thanks to our Buxton based investment advice team you can access the most up-to-date information whenever you need it.
For a free 90 minute consultation, please contact Slater Financial today on 01298 212444.
*This article does not constitute financial advice. Slater financial strongly advises you to seek professional advice before making any financial decisions.*