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Saving on a regular basis can help you achieve the capital you need for a specific event. Reasons for saving may include the following:
- A wedding
- A special birthday
- A once in a life time holiday
- Further education
- A helping hand for your children
- Boosting your retirement funds
The list is endless, but whatever your goals and objectives help is available.
Investments can take many forms and are generally for providing growth and/or income. The types of investment which are suitable for you would depend on the purpose and also your attitude to risk. The tax efficiency of products can also be a vital consideration.
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People have different attitudes to risk; meaning some of us do not want to risk loss of capital, others are happy to risk some
loss of capital in the hope of receiving a higher return on our investments.
This is a brief description of what is meant by ‘attitude to investment’ or ‘risk profile’:
- You prefer not to accept any capital loss. You understand that the future purchasing power of you capital could be
reduced by the effects of inflation.
- You prefer to accept only a low risk of capital loss in return for the opportunity to earn more than from deposit type
investments. You recognise that this will limit the potential for real capital growth.
- You prefer to invest in a broad range of stock-market linked investments, in return for the potential for real capital
growth. In doing so you understand that you accept the risk of some capital loss.
- You prefer to invest in specialised stock-market linked investments, in return for the potential for increased capital
growth. In doing so you understand that you risk significant capital loss.
- You prefer to invest in volatile investments for the potential for very significant growth of your investments. In doing so
you understand that you risk losing your capital.
Perhaps you have strong ethical concerns regarding investments. There are investment products on the market which
cater for ethical issues.
You may fall into more than one of the above categories. For example – 50% risk 3 and 50% risk 2, everybody is different.
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A well structured portfolio of savings and investments should reflect your individual attitude to risk and personal circumstances.
Park Row Associates are able to provide impartial advice, searching the market for products and provider companies. Recommendations are based on a thorough understanding of a client’s current position, financial goals and ambitions. At Park Row we appreciate that everyone’s needs and objectives are unique. Regular reviews of your financial situation and needs can also be provided at your request.
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