top of page
  • Schofield

Is Investing Right For Me? 3 Things to Consider

Investing can be a powerful method of growing your money pot, which in times of low-interest rates and growing inflation, is particularly important. Investing isn’t a one suits all approach. It is vital that you invest in a way that works for your individual circumstances, your values and financial goals.

What is Investing?

Investing is buying something (an asset) that you believe will increase in value so it could be sold at a higher price later on. Typically, these include shares of a company, property, stocks, or even unique items such as metals and antiques.

If you’re not sure how to get started, a financial planner can help. But, is it right for you? Here are three things to consider to help you decide.

Will Investing Benefit Your Financial Plan?

The first step to investing is figuring out your financial goals and tolerances to financial risk, either on your own or with a financial planner. In particular aligning these with your individual circumstances, financial situation and cash flow.

There are no guarantees that you will make money back from your investments. That’s why a lot of individuals seek assistance when investing their money. For example, at Schofield, our planners help set out financial plans that should help over the years enjoy the benefits of managing your investments.

What is Your Attitude Towards Investment Risk?

It is important to understand and be comfortable with the levels of risk each type of investment comes with. We can help you determine what level of risk you’re comfortable with, taking into account your financial situation and goals.

As part of our investment principles, we understand this and use it to spend the risk wisely. For example, it's important to appreciate that not all risk levels are rewarded equally. Once we know what level of risk you are comfortable with, we spend your risk "budget" in a way that aims to get the best possible return.

How Long Do You Intend To Invest For?

Typically, investing is a long term approach and is not a quick returns endeavour. In addition, the time you wish to invest your money can help determine what products are best suited for your needs. But first, you need to think about what you’re investing for and when you will want access to your pot again in the future.

Investing Advice With Schofield

At Schofield, we know that circumstances and priorities change over time, so financial plans have to adapt as well. That’s why we have our investment principles to ensure transparency with our support.

We also regularly meet our clients to check that we understand their current concerns and issues as well as any longer-term hopes and dreams. Throughout the year, we take note of any market fluctuations, new legislation, assess your risk comfortability and tax changes to ensure we always give you the best and most up to date advice.

If you’re looking for independent financial advice for your investment needs, support with re-balancing your investments or quality controlled investment, speak to one of our chartered financial planners today.

The value of an investment with Schofield Money Ltd is directly tied to funds selected, as a result, the value can fall as well as rise, you may get back less than originally invested.

This article is for information purposes only. It does not constitute any financial or investment advice. Please contact us if you wish to proceed with any course of action suggested in this article.

35 views0 comments
bottom of page