A refreshing new approach to Independent Investment advice
Before you invest or save, it would be wise to invest some quality time in understanding your saving and investment risk profile. Investing is not gambling. There are excellent safeguards and guarantees to protect money and at the same time deliver a positive return. Make the right moves and enjoy watching your savings and investments grow.
- We take risk profiling very seriously –
- We make sure we are correct on product suitability, eligibility and affordability
Listed below are some questions that we would ask you to build a risk profile in order to give you our best advice
Risk Rate Yourself
Are you a No, Low, Medium or High Risk. On a scale of 1 to 10, 1 being low how would you rate yourself?
Your Risk Profile
Are you cautious, balanced or adventurous? How would you answer the following question?
Losing money on an investment would make me nervous
- Disagree strongly?
- Disagree?
- Neither agree nor disagree?
- Agree or agree strongly?
Your Age & Risk – If you are older;
- You may be less inclined to accept any risk
- Need capital security
- Access to capital
- Want to avoid penalties for early encashment
- Keep charges to a minimum
Your Gender & Risk
Females tend to be more risk averse than males. It is very important point to cover if you are a female planning an investment on your own or with a spouse / partner.
Your Current Investment Portfolio & Risk
How and when were these investments set up? Distinguish between what you may have inherited and what you have acquired from say, company shares or gifts.
Past Investment Experience & Risk
Maybe you don’t have any experience or because you are older or it may be that your previous investment strategy is no longer suitable. Understanding these will help with understanding your attitude to risk.
Your Risk Capacity
Assessment would be based on your current financial situation.
For example: current income, available assets that are free to invest; actual income requirements, current age/ health and your investment objectives
Investment Time Available & Risk
How are you planning to use the investment in the future? For example, is it to fund a deposit on a house in 5 years; is it to pay for college education in 15 years; is it an emergency fund; a gift to your children in the future? These answers will have an impact on the level of risk that you may find acceptable or is recommended
Investment Portfolio
It is unusual to find that just one saving and investment can meet many needs. For a number of financial objectives a number of investment products may be required. This would create a portfolio of investments and these would normally mature at different times – we set up and manage these for many of our clients
Try our Risk Profiler Calculator*, this illustrative tool designed to assist you in understanding your attitude to risk, an important step before making an investment.
We would be delighted to offer you our friendly advice and expertise, please at anytime Contact us on 091 586500.
