You should approach any investment opportunity with caution. If you want to chat about a planned investment or need help identifying investment opportunities, one of our Moneysprite investment advisers are here to assist.
What are investments?
Investments is an umbrella term for different ways of growing your money. By investing in a financial product or asset you hope that the product or asset increases in value for you to make a profit in the future. One of the main goals of investing is to beat the rate of inflation so your money does not become less valuable sitting in a bank account.
Different types of investment products
Some of the most common ways of investing are:
1. Property
Buying property is often a worthwhile investment due to the increase in property prices over time. Moreover, if you buy a property as a rental investment, you can gear the rental to pay for itself, giving you a valuable asset once the mortgage has been repaid.
2. Shares
Stocks and shares are another common investment opportunity. Buying stocks in the right companies can provide returns that far excel interest rates on savings accounts and the inflation rate.
3. Fixed interest securities
Fixed interest securities are financial products that allow you to lock your money away for a fixed rate of interest. A fixed-term bond is an example of a fixed-interest security. These savings accounts usually offer the best interest rates that do exceed the rate of inflation.
Chris was absolutely outstanding
Chris was absolutely outstanding! He put everything in place with ease and minimal stress. He would always speak to you with passion and respect and nothing ever was a problem for him. I was heavily pregnant when sorting our mortgage out and chris did everything in his power to make it minimal stress...