Investing your money is one of the most important building blocks to your financial well-being. There are so many products, product providers, funds, insurance companies and advisers in the market place, it is becoming increasingly more complicated to navigate this landscape.
There are quite a few investments that I would not recommend to clients due to their risk or complexity. Be wary of investments guaranteeing unbelievable returns; there is often more risk associated with these investments, and some of these investments are not regulated by the Central Bank of Ireland.
I have a simple approach when it comes to investing client money. I review the market for investments on a quarterly basis and a yearly basis for my existing customers and new customers. I will only invest your money on your behalf if I’m happy with investment style of the fund manager, past performance, competitive charging structure, and critically how the investment is split. It is imperative to keep the annual management charge as low as possible. I am also a big believer that time is your best friend when it comes to investing. Too often customers take their money out of an investment after a crash, and aren’t patient enough to maintain the course. I will be your sounding board and keep you calm during turbulent times.
When we first meet, I will get to know you and get a feel for your long-term goals and time horizon. I will also get a handle on your current financial position. We will complete a psychometric investment risk assessment. Once I get a clear picture of your investment needs, I will provide you with an investment policy statement to help you remain focused on your long-term investment goals. Pure Finance can then begin the investment facilitation process. Once an investment is set up, we recommend reviewing it at least once a year.
This Savings and Investment video was provided by Zurich Life Investments. This video is for information purposes only and does not constitute financial advice.
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