Savings are a vital part of your financial plans. Ideally, you want enough saved to cover your outgoings and unexpected expenses. Plus a little bit more to cover short-term needs.
Your next focus in your journey towards financial security could be to boost your long-term savings.
If you don’t think you’ll need access to any extra savings for at least five years, and are prepared to take some risks with your money, investing could help you potentially achieve stronger returns.
There were lots of headlines last year about markets falling because of the pandemic. But in reality, uncertainty across stock markets is nothing out of the ordinary.
This is where Aberdeen Standard Investments’ expert, Joe Wiggins, comes in. With over 16 years’ investment management experience, he knows a thing or two about investing during uncertain times.
“The problem with most of the news and information we read or hear that we think impacts investments is the vast majority of it is entirely meaningless over the long-term,” he explains.
“Sensible investment planning is about making sure you build a portfolio that is resilient to a range of different scenarios. And is able to meet your objectives over the long-run.”
At Skipton, we’re here to help you review your plans. We’ll take the time to understand what you want to achieve with your money and explore potential options.
There’s no obligation to act on our personalised advice – you can take the time you need to assess your next steps.
Stock market-based investments put your capital at risk and you may get back less than you invested. The value of your investments and any income from them may fall as well as rise.
Not ready for advice? See how financially fit you are with a Free Financial Fitness Report
It starts with a conversation where we find out about you and your financial goals and while you won’t receive financial advice, you’ll get a free report outlining some areas where you could improve your financial fitness.
What would you like to do next?
If you think you’d like to start investing and need our help and advice:
Request a call back or call us on 0345 607 9722.
Skipton Building Society is a member of the Building Societies Association.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice. Principal Office, The Bailey, Skipton, North Yorkshire BD23 1DN.
* Fidelity – Financial Pain of Covid has Fallen Unequally (2020)