Most of us innately know that saving and investing are not the same, but do we understand the difference?
Because clarity in this distinction can greatly impact one’s financial wellbeing, realizing these difference is vital. The key is in two words: risk and liquidity.
Savings are low risk funds that must be liquid (available) when you need them. The purpose of saving money is so you can have it for a specific purpose within a short time frame.
Investments, on the other hand, are for wealth building, and will not be needed for many years. Yes, investments do involve greater risk, but, investments also yield much greater returns when left alone long enough to ride out the turbulence of the stock market.
Current deposit rates mean that an investment plan should be an important tool to make your money work for you.
Whether you want to invest a small sum over a short period or larger sum over a longer term we can recommend and supply a product to suit your needs. We coach, plan and advise on the best options for your hard earned money while also ensuring tax efficiency.
We have a wide variety of opportunities with various levels of risk and return. Taking the time to understand your objectives and define timeframes is important to us and when your investment is in place we will continually monitor your portfolio and regularly review your plan.
Our advisors are always available in person, by telephone and by email.