Inflation continues to be a challenge for economies around the world, but figures released in June suggest the pressure is starting to ease. Read on to discover some of the factors that influenced investment markets during June. Remember, you should take a long-term view when investing, as markets can experience short-term volatility. If you have any questions about the market …
Have you ever wondered what it takes to become very wealthy? A new psychology study suggests that personality traits might have more to do with wealth than you first think. The study, which was conducted by researchers at the Open University and the Norwegian School of Management, assessed the attributes of around 3,200 people. The traits were then compared to …
Investing in property is often seen as a savvy way to boost your long-term wealth. But, if you’re thinking about becoming a landlord, there are three taxes you need to factor into your plans to avoid an unforeseen bill. Property prices have steadily increased in recent decades, so it’s not surprising that people are considering property investments. Even after short-term …
As a business owner, have you considered how your firm would cope if it lost a key member of the team unexpectedly? Key person cover could provide a vital cash injection when you need it most, but it’s something many businesses are overlooking. Losing a key person may have a devastating effect on businesses. According to a report from Legal …
Trusts can be an incredibly useful way to pass on wealth and preserve assets. Yet, there’s a common myth that they’re only valuable for very wealthy families. Read on to discover why a trust may make sense for you. A trust is a legal arrangement that you could use to pass on assets. The trust would be set up so …
When you’re making investment decisions, balancing risk is an essential part of the process. Creating a risk profile can help you understand which investments are appropriate for you. Last month, you read about the benefits of investing and how it could boost your wealth over the long term. While investing can be a valuable way to increase wealth, it also …
Alcohol is known to significantly impact people’s lives, posing potential health risks, affecting relationships, and influencing one’s ability to work. However, one often overlooked aspect of alcohol consumption is its substantial financial implications. With Alcohol Awareness Week being observed during the first week of July in the UK, it is the perfect opportunity to address and understand the financial aspects …
For many, owning a property mortgage free is the ultimate financial goal. A mortgage can be a significant burden on your finances, and the idea of paying it off early can seem daunting. However, with some careful planning and determination, you can achieve this goal and enjoy the benefits of being mortgage-free sooner than you think. In this guide, we’ll …
As we approach retirement, it is important to plan ahead and ensure that we have enough income to maintain our standard of living. While pensions provide a solid foundation for retirement income, taking additional steps to boost our pension income is often necessary. In this article, we will explore several effective strategies for increasing pension income in the run-up to …
Navigating the world of investment can be intimidating, especially when choosing an investment strategy that aligns with your financial goals and risk tolerance. With numerous options available in the UK, it’s crucial to understand the fundamentals of investment strategies, the various types, and how to select the right one for you. What Is an Investment Strategy? An investment strategy is …
