Financial Planning
If you are new to investing or are experiencing a change in your circumstances,
find out more about:
A Financial Plan
Like any other type of plan, a financial plan is a map of how to achieve a set
of objectives using financial products and services. This also includes a risk
analysis of potential threats which prevent you from achieving your goals.
A good financial plan takes into account your personal circumstances such as:
- Your age: this determines the amount of time you have in the market i.e your
time horizon.
- Your earnings: this will determine how much you have to save and invest.
- Your family circumstances: do you have dependents?
- Your goals: what you want out of life in the short-, medium- and long-term.
The combination of these factors determines your risk profile. Your appetite
for risk will also be a factor. This refers to whether you are willing to risk
great losses for potentially high returns or, whether you prefer lower potential
returns and reduced risk.
Bearing in mind the complexity of some of these factors, we recommend that you
consult a professional financial adviser to
help you structure and maintain a portfolio tailored to meet your needs.
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