Why Asset Allocation Matters When Investing
Investing is an uncertain pursuit, as you have to carefully navigate an ever-changing financial climate. Perhaps the only certainty is that the value of your investments will go up as well as down, so it is really important that you allocate your assets carefully to help you stay on course. Here are some key issues you should be considering when you are making crucial decisions: Exposure to risk If…
Is it ever too late to start Pension Planning?
As financial advisers, we will always recommend that you start preparing for retirement as early as you can. But if you are in your 40s or 50s and have only just started thinking about pension planning, then the rule of thumb is that something accrued is better than nothing. You still have time to secure your future. Below is a list of pointers, that will lead you to thinking…
Why you need an Emergency Fund
Even if you are highly organised, an unexpected curveball can still come your way, and this can often be extremely costly. That is why it’s always recommended to have an emergency fund in place: your safety net in case you are hit by circumstances you couldn’t possibly have predicted. Unforeseen emergencies are inevitable Even if you are meticulous with your finances, there are unexpected expenses at some point. For…
A Guide to Investing
Investing is a great way to increase your wealth and work towards achieving your financial objectives, or boost your income to improve your lifestyle. But, it is by no means a smooth process, so what should you do in order to make the most of your investments and stay on course to achieve your goals? Diversify – If you limit your investments to one market or industry, you could…
Common Pension Mistakes to Avoid
If you are to enjoy the lifestyle you want and deserve in retirement, careful planning is critically important. Indeed, you do not want to simply make ends meet. After decades of hard work, you want to have a sense of financial freedom, and fill your time with your hobbies, passions and priorities. But many of us can make mistakes without realizing, that can significantly hit our income in later…
How Can You Save for Your Child’s Future?
The main three choices that children of school-leaving age are faced with now are to attend university; to take up some form of training/learning on the job such as an apprenticeship; or to enter the workforce. Each of these carries its own financial burden. Whether that be the cost of tuition fees and housing at university, or the cost of transport and a work-wear wardrobe if they enter the…
How Taking Control of Your Finances is Good for Your Mental Health
Worries about money can have a very real impact on your wider health and wellbeing, particularly when so many factors, such as soaring inflation, rising interest rates and climbing mortgage rates are beyond your control. Unsurprisingly, high living costs are a huge cause of stress and anxiety across the UK right now, with the Mental Health Foundation noting that 35- to 64-year-olds are more anxious than any other group…
What do rising interest rates mean for you?
The Bank of England has increased interest rates for the 14th time since December 2021, in an effort to bring down inflation. There is still an expectation that we are yet to reach the peak and there could be at least another two hikes this year. This means that the cost of borrowing money continues to increase. For most people their main form of borrowing is their mortgage which…
Should Young Adults Consider Financial Advice?
Starting financial planning at an early age is key to developing good monetary habits – which can make all the difference in achieving future financial success. For people in their early thirties, this is the time to learn about finance and start saving for the future. Not only can seeking advice from a regulated professional improve your financial situation, but there are other benefits alongside that too. Many young…
Should I make overpayments on my mortgage?
When you are setting your financial and lifestyle goals, paying off your mortgage is likely to be at or near the top of the list. So, it’s reasonable to start thinking about whether you could overpay slightly every month in order to pay it off more quickly. But there are many variables to consider beforehand to be sure it’s the right decision for you. Firstly, does this approach help…
