Finding the right way to save or invest your money is simple and hassle-free: It is important to set your goal an end game you might say, make a ‘wish list’ of things you would like to use this money for in the future, ‘prioritize’ what you have on your list in the order of what you feel you will need first.
Perhaps you'd like to buy a new car? Or maybe you're planning the holiday of a lifetime? Saving for a 'rainy day' or your children's education might be top of your list.
It is important to have clear goals to work towards so ‘Do the Math’, it is important to know what these goals are likely to cost, you need to be realistic and set a premium that is not to low or to high. Set your budget; take into account your other monthly out goings or the potential unwanted issues that could affect your cash flow that hit you out of the blue.
We can tailor your savings plan to suit your needs and affordability’s. Once you're clear on the reason why you're saving and how long you wish to save for - we can help you select the saving plan to suit your needs. You choose the fund(s) you want to direct your regular payments into, and through these funds you gain access to the growth potential of shares and bonds.
We recommend that you diversify your investment by not putting all your ‘eggs in one basket’ and these funds allow you to do just that.
Investing a lump sum is a great option if you want an opportunity to grow your money over time. We offer access to funds with varying levels of risk and return. We can help you open up the world of investments.
Your money is invested in one or a combination of our investment funds. Depending on the type of fund you invest in and the level of risk you're prepared to take, you can see your capital grow over a period of time. Making the decision to invest will be influenced by the kind of financial objectives you have. Do you want to save over a short time period, or over a long term?
Attitude to Risk
When it comes to investing a lump sum, it's important to be aware that that there is a level of risk involved. Usually, the greater the potential return you want from your savings and investments, the greater the risk you have to take. At Anchor Life & Pensions each client does a Risk Profile Analysis, these short questions will help you in assessing the type of different funds options to choose from, depending on the level of risk you are comfortable with.
The funds that you decide to select for investment will have a big impact on the kind of return you can expect. There are many different funds to choose from, and a variety of asset classes to consider.
Asset classes are the five main types of investment a fund can invest in:Cash - money on deposit (e.g. cash in a bank)
Bonds - loans to companies or governments
Property - bricks and mortar, property equities or REITs (Real Estate Investment Trusts)
Equities - investment in company shares
Alternatives - includes commodities, e.g. gold, copper, water infrastructure and agriculture