Starting your Financial Planning
While statistics show that financial and retirement planning is a primary concern for many people of working age, more often than not, these concerns don’t transition into plans.
As the working age continues to rise and the cost of living rises with it, we’re asking the question: are you retirement ready?
Starting your financial planning early is vital for building a successful investment portfolio and, as we enter a new financial year, there’s never been a better time to get started.
Read more about how you can start your financial planning with our seven simple steps.
Building Your Investment Plan?
Deciding whether you’re ‘retirement ready’ is just one part of a much larger puzzle but is the first step towards securing your financial freedom.
One of the most important parts of your journey is establishing your investment plan – an outline of how you’ll approach your investments and what you’d need to retire without compromising your current lifestyle, based on your household income.
A vital part of your journey that will influence the majority of your decisions further down the road, here are some of the most common strategies that we see adopted by investors.
Choosing Your Investment Location
It’s no surprise that out of all your preparation, choosing your investment location is the one decision that can have the most obvious impact.
One of the most important things to consider in your location is the potential returns you can get today versus the long-term growth you could experience over time. A balance of both is the best possible outcome, allowing you to maximise the strength of your investment.
You’ll also want to identify other metrics such as regeneration, career opportunities and demand – all of which can drive success over the long-term. Below you can find our breakdown of the best places to invest in the UK market in 2021.