One of the most common questions we get asked as financial advisors is “what should I do with surplus funds that are sitting in a bank account that can provide a return but are also low risk?” In summary, we can conclude that when looking at surplus cash in the medium to longer term there are in fact two risks to be considered
The Risk of Inaction
This causes a dramatic loss of the value of your money in real terms over time as inflation outpaces deposit-style returns
The Investment Risk
There are of course risks associated with investing in equities but importantly these can be significantly reduced if you allow equity markets to do what they do over 5-year-plus time frames and use regular monthly savings to benefit from Euro cost averaging
We have access to a wide range of investment providers; not just typical insurance company funds and we are well-positioned to offer suitable investments across all categories of risk. Talk to our team today to learn more.