As you send your children trick-or-treating this Halloween in their newly purchased ghoulish costumes, you’ll probably provide them with some words of caution. You’ll warn them against entering strangers’ homes or straying too far from your sight. Older kids will want to venture out with friends, and you’ll have to decide if they’re ready to wander the neighbourhood outside your watchful eye.
Minimising the "tricks" while maximising the "treats"
Financial investing can feel the same way. Your savings are something you cultivate and nurture, just like your children. It can be hard to decide just how much security you’re willing to sacrifice for potential growth and gains. Fortunately, there are tools and strategies you can use to minimise your risk when dealing with high-return (and high-risk) investments, here are just couple of the tricks to help maximise your investments.
Educate yourself. The investment world can initially appear daunting as it has many different avenues that range from Open-ended Investment Companies (OEICs) and unit trusts to stocks and bonds. However, the first port of call when deciding to invest is to educate yourself on the various options available. The more you know, the better your chances of becoming a savvy investor.
Diversify your portfolio. Diversification is one of the strategies that can be used to maximize your investment potential. Basically, it follows the principle of not putting all your eggs in one basket. With diversification, you spread your money across different kinds of investments: stocks, bonds, real estate, money markets, etc. And within each category, you can diversify even more. For example, stocks can come from both small and large, domestic and international and low-risk and high-risk categories.
While this is sound advice it can be difficult to manage investments when they are registered with several different fund managers. However, don’t get spun out about this notion as this is where Moneyspider.com can help you.
Moneyspider.com is an independent online fund valuation, performance monitoring and rating service for private investors, which allows you to monitor all your different Unit Trusts or OEICs (Open Ended Investment Companies) including all stocks and shares ISAs in one place. Moneyspider.com provides a web of knowledge by monitoring over 2,300 funds available to UK investors helping you make your own informed decisions on how your funds are performing, compared against other funds in the same or different sectors.
To help you monitor your funds, Moneyspider.com provides personalised reports, updated daily and available online 24/7, with not only your funds current performance but also our unique Moneyspider Rating®, allowing you to see how they compare against other funds within the same and other sectors.
It’s FREE to register and you won’t get stung with any upfront payments as Moneyspider.com receives its commission directly from the fund manager, at no extra cost to you. Moneyspider.com are also able to arrange the buying or switching of your investments at a 50% discount compared to dealing direct with a fund manager
So don’t miss a trick this Halloween, visit Moneyspider.com to find out how you can save ££££’s and treat yourself.
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