You don’t have to be wealthy to invest! If you have disposable income which you put away into your savings account every month, why not consider investing this money into other asset classes where you have potential to grow your hard earned cash at a greater level than what interest rates on cash is offering?
Regular savings allows virtually anyone to save for their future, for a goal such as a house purchase, retirement planning, or even just to build-up some ‘rainy day money’.
A collective investment is the generic name for any investment that allows the investor to spread his or her risk across a number of different assets through one or more products. That is, an investor could hold one investment that was exposed to many different assets, with the objective of spreading risk in a similar way to the portfolio of a much larger investor. A very convenient method of doing this is via regular monthly saving, which may not be ‘noticed’ too much as a monthly cost, and can build to a worthwhile sum over a period of time.
The purpose of saving is often to ‘create wealth’, and many investors who have substantial portfolios started by using this method. Other reasons to save regularly include for school/university fees, or even to enhance retirement income. It is possible to start with as little as £100 per month.
If you wish to consider ‘creating a savings pot’, make a quick call, or drop us an email and one of our experienced investment advisers can tailor a solution to meet your own personal requirements.