Do you like to take risks?
Investment Tips.
But what does this word RISK actually mean when you talk about investing, well it is really quite straight forward if you replace the word risk with “volatility” it becomes much clearer. How much volatility, (the amount your money swings up and down in value), are you prepared to accept within your investment. The more volatility you are prepared to accept the more potential you have to increase the long term returns that you may receive.
This is one of the key things to consider when you are investing within (pensions, ISA’s, Unit Trusts, OEIC etc) as this will dictate the potential returns and losses you may receive.
I find when I asked my cleints about volatility NOT risk, we can quickly and easily tailor an approach which is correct for them.
So if you haven’t thought about your investments or pensions in this way, do so and make changes to ensure you are comfortable with how your investments or pensions are set up. Please contact me if you need any help or advice.
Contact me at Thompson Financial Consulting Ltd
The value of investments and the income from them can go down as well as up and an investor may not get back the amount invested. Past performance is not a guide to future performance.