Most of us try to save. For one thing, it’s the responsible thing to do in case we incur an unexpected expense. But we also save for things we have planned, whether it’s short-term saving for a holiday or a longer-term objective like retirement or paying for your child’s education.
While saving is a good habit, simply leaving it with a bank may not earn you a healthy rate of return to afford the kind of lifestyle you desire, and it is unlikely to keep pace with inflation.
While investing involves greater risk, it also offers the potential for greater growth of your money. A regular savings programme is a good way to start with personal investing. Before deciding on a direction to achieve your financial goals, it makes sense to work with a wealth manager to understand your timeframe and appetite for risk, before determining the right blend of assets to match your needs.