Save money and receive interest. Borrow money and pay interest. It is significantly more expensive to borrow to make a purchase than it is to save for the very same item. Often surprisingly so.
If you feel you would like to invest a lump sum or save on a monthly basis there are numerous option available to consider. Our aim when advising clients on investments and savings options is to look at 2 key things.
Firstly, what is the purpose of your savings? Is it to have an emergency fund or to pay for a child’s education in 15 years or to fund for retirement? Secondly, we will determine your attitude to risk.
These two factors will allow us to narrow down the type of savings solution that might deliver your desired outcome. We then find the best performing provider and monitor your investments progress as it works its way towards your goal.