Money Minder UK

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Wealth creation

In Brief: Wealth creation

Thursday, 15 August 2019

Markets are known to fluctuate, and investing in the long-term can mean not being tempted to make decisions in reaction to changes to your portfolio. Having clear investment goals could include investing in a pooled or collective investment scheme. This is when an investor accesses through a fund rather than buying direct assets on their own. Investing in a fund like an Open Ended Investment Company (OEIC), can provide a broad variety of different types of assets spreading risk. Seeking professional financial advice could help you to create a long term investment plan for you.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.