Invest For Wealth Creation
Strategies for creating wealth need to be customised to suit your individual circumstances. Three important elements are time; the will to build wealth; and, tax considerations. Starting sooner makes it easier. The earlier you start saving the easier it is to become wealthy. This is due to the power of compound interest. For example, the difference between starting to invest at age 30 compared with age 40, and only a 2% increase in returns, could mean more than tripling your net worth at 65 by starting at 30.
The best investment strategy for you will depend on whether your objective is income, capital growth or to qualify for a pension. You have the advantage, when mapping out your investment journey, of being able to spread your funds across different asset classes to take advantage of capital growth, liquidity and fluctuating markets. The four major classes of assets - cash, fixed interest, shares and property - each carry a different risk profile and the suitability and effectiveness of these strategies requires a one-to-one customized solution.