WHAT can I invest in? It’s a big question because there are a lot of answers, but, no matter what you invest in, you are taking a risk whether that’s shares, bonds, funds, property or sustainable projects and so on.
It’s a big subject, and, when it comes to taking a risk, it’s a good decision to speak to one of our independent financial advisers to find out what are the best investment opportunities to suit you, to suit your affordability and to have the risks explained to you.
Deciding how much money you want to invest, and where you are going to invest, is complex. We are all unique in terms of why we want to invest in a particular thing so choosing what’s right for you is important.
What Can I Invest In?
We’ll go through a few options here in brief but your adviser will go into your options in depth with you.
Many people start out investing in an ISA and lots of families choose Junior ISAs for their children. At the age of 18 you can get an ISA with a £20,000 annual ISA allowance which means you do not have to pay any tax on any stock market gains you may make. Investing in stocks and shares ISA is a tax efficient way to save and grow your money. You can invest in a certain amount regularly or you can invest a lump sum. Your independent financial adviser will advise on funds. The performance of your stocks and shares ISA will depend on what you choose to invest in.
An option which is popular with investors, who are more interested in their investments being actively managed by a professional investment adviser, is a SIPP – a Self Invested Personal Pension. It allows you to access a wide range of funds and managers all within one area. We have a great team of independent financial advisers here at Worldwide to pick and manage the best funds to suit your SIPP.
Another option is investing in the stock market – you could earn small or big or you could lose small or big – there’s that risk factor again.
You might want to consider something such as ethical investing – ie – where you consider values as well as returns. With ethical investing you are able to stand by your values while looking at growing your savings. There is risk with all types of investments but we view ethical investments being about making choices with your investments according to your beliefs and moral position on a wide range of issues. Our ethical investing process involves either screening out some companies from your investments, or supporting other companies by making a conscious decision to invest in them. These investment choices will always be in line with your personal ethical standards. There are many types of investment available to you if you choose ethical investing. There are various investment funds, pension funds, ISAs, Unit Trusts and Open Ended Investment Companies (OEICs) that are run as ethical investments.
Worldwide Financial Planning was previously awarded the Investment Adviser of the Year award with the FT publication Investment Adviser as well as Ethical Investment Adviser of the Year, so you can be assured that when you work with us you are working with the very best.
Be smart with your investments. To speak to one of our investment specialists email info@wwfp.net