Description

Tony tackles this subject along with the five principles of investing everyone should know. Due to the complexity of the options it can be very confusing which route to take. Financial Advisors like Tony can help you navigate these options and guide you towards a solid investment plan based on your requirements, personality and goals. The following five principles will help you get on top of some of the key issues that affect everyone when they invest their money.

KEY TAKEAWAYS

• Set investment goals. Be clear about your required outcome and aim for measurable and attainable targets within a reasonable timeframe.
• Invest as soon as possible. The benefits of an early start are numerous. Remember, time is money. It allows you to take more calculated or lower risks rather than fast, high risk strategies. 
• Invest regular amounts. In this way you benefit from highs and lows in the markets.
• Diversify your portfolio. With a wide range of investments you spread your risk.
• Resist panic selling. Cope with short term volatility and sit tight. To sell may damage your long term gains. 

BEST MOMENTS

‘Keeping your plan on track means evaluating the progress on a regular ongoing basis.'

‘If you invest early and make a loss you have more time to make up for that loss on your investments.'

‘This simple example might be splitting 10,000 pound between shares in FTSE 100 companies and shares in small companies, government bonds or corporate bonds.'

‘Keep calm where possible and carry on building up your investments. History has shown that over long enough time periods no matter what the challenges, markets recover from significant downturns.' 

VALUABLE RESOURCES

Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff

Savings calculator - Free Savings Calculator | TT Wealth Cardiff

Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth 
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth  

ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

“Live For Today, Invest For Tomorrow”

CONTACT

Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/

This show was brought to you by Progressive Media

Hosted on Acast. See acast.com/privacy for more information.