Putting aside money and getting it to work for you may seem daunting. You don’t have to do it alone!

1. Have a plan and stick to it: Careful planning and successful investing help you succeed. Establish objectives based on future goals. Stay focused and don’t get distracted by market uncertainty.

2. Cash isn’t always king: Cash often appeals as a safe option, but inflation eats away at savings. If investing for goals still years away – such as retirement – don’t ignore the effect rising prices have on asset values.

3. Diversify and consider investments as a whole: If we could see into the future, we could choose a date when we needed our money back and select investments that provide the highest return to that date. A diversified portfolio irons out the ups and downs.

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4. Start investing early: Investing for longer periods is more effective than waiting to invest, due to the power of compounding. Compounding is the snowball effect when money you earn generates more earnings.

5. Don’t abandon your plans: Some investors suffer from ‘activity bias’: the urge to ‘just do something’ in a crisis. When investments fall in value, it can be tempting to sell. Accept there will be good and bad years. Short-term dips tend to smooth out long term.

6. Tailored investment advice: Everyone’s needs are different. There’s no substitute for an investment approach tailored specifically for you. Once your risk tolerance and investment goals are known, we put in place a global portfolio of equities. The goal is to invest with a long-term view to maximise after-tax returns.

Life doesn’t stand still, so your investments shouldn’t either.

The above was provided by Hartey Wealth Management Limited. Registered office: Hilliards Court, Chester Business Park, Chester, CH4 9QP.  Tel: 0808 168 5866.  www.harteywm.co.uk  Hartey Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority