 |
| To
create a really successful investment portfolio, you should lay down
a clearly defined strategy and nurture its development. Whether you
have an existing portfolio or are just starting out, please contact
us for impartial independent advice. |
Step
1 - Liquidity of funds
Do you have instant or easy access to a sufficient level of your
short-term savings in the event of emergencies - perhaps the equivalent
of three to six months income? Make sure that you have an easily
accessible fund that will not disrupt your portfolio if the need
arises. |
Step
2 - Time scale
Time is crucial, because the longer the investment term, the more
numerous the investment options become. However, you must give consideration
to the effects of early encashment of your investments. Think carefully
about your investment objectives. |
Step
3 - Attitude to risk
How much risk are you prepared to take in return for potential
investment gains?
Your
risk profile will determine which sectors and products to invest
in. |
Step
4 - Taxation
Are you taking advantage of all the different tax-efficient investment
options available? These range from a cash ISA at the lower end
of the risk spectrum to an Enterprise Investment Scheme at the other
end. We can guide you through the maze that awaits you. |
Article date January
2004
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