From childhood, most of us are taught to put money aside — for something special, or simply so we’re not caught short when the unexpected happens. The underlying goal is always the same: build a cushion against life’s surprises, and provide for the future.
Savings are funds you can access quickly, usually kept in a standard deposit account. For every £1 you put in, you get £1 back (plus, potentially, a little interest) — your capital is guaranteed. Savings are best suited to short-term goals: an emergency fund, a holiday, a new car.
Investments, on the other hand, are designed to be held for the longer term — typically five years or more. You need to be comfortable tying up your money for a period of time, and it’s generally wise to have a solid savings buffer in place before you invest. Unlike savings, most investments aren’t guaranteed: you could get back less than you put in, but in exchange you get the potential for higher long-term returns than a deposit account can offer. Getting the balance right between risk, return and volatility is where good advice makes the difference.
We can help you work out the right mix of savings and investments for your goals, your timeframe and your comfort with risk.
I’m doing my first ever re-mortgage and I have had a million questions and asked for several different options and he has walked me through everything with no jargon and helped me wrap my head round it.”
Charlie helped us so much to get our mortgage and even Michael was every time really helpful. For sure we’ll be back to them again in the future.
