Looking for Investment Advice

C

CShan

Registered User
Messages
5
Hi,

I'm in my mid forties and have recently received 100k from a Critical Illness claim.
I don't have a mortgage or other loans. I'm looking for ideas of what kind of investment options to look into?

Thanks in advance,
CShan
 
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What are your goals? Money is there to be spent, so it is important to know what you want to spend it on, be it now or in 5 -10 years time.

When you have an idea of what you want to spend it on, you can work out the return that needs to be achieved and implement a portfolio designed to meet those goals. Remember, for greater returns, you have to take greater risk, so you want to invest in something you are comfortable with.

Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
Thank you for your advice, Steven.
I haven't thought of implementing an investment portfolio, but sounds just right.
May I just say that your website content is very good and easy to read. It opened my eyes to aspects of personal finances that I haven't thought of before.

Thanks again,
CShan
 
Thank you very much.

There is a lot more to it than putting it into a particular fund or ETF. You have to know the risks associated with your investment choices. Is it what you want and will those choices help you achieve the goal you are looking for.

Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 

OK But are advisors in Ireland severely limited by the lack of products available the them (Buy Irish Life, Standard Life, Eagle Star, Go to Gold Core, State Savings or Irish Stocks and the Tax System here, a bit tongue in cheek, I know)?
 
monagt said:
OK But are advisors in Ireland severely limited by the lack of products available the them (Buy Irish Life, Standard Life, Eagle Star, Go to Gold Core, State Savings or Irish Stocks and the Tax System here, a bit tongue in cheek, I know)?
Click to expand...

It's a perfectly good question. Most would be limited because they haven't looked for alternatives.

I offer clients whatever ETF or fund that they want. I also offer portfolios designed by MorningStar and Dimensional.

Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 

Offer: Does this men you put in place the mechanics of the operation, in other words, client writes the cheque via you and you do the rest as opposed to "go and do this"
 
Offer as in it can be made available...if it suits what the client is looking for. I do not buy and sell stocks for clients, that is a fund mangers job.

If you came in to me looking for investment advice, I will follow the following process:
  1. Factfind - I want to find out about you, what makes you tick, what you are trying to achieve, what do you want to avoid, what other assets have you got (is this investment money all you have in the world).
  2. Get you to complete a psychometric risk tolerance questionnaire.
  3. I complete an Assessing Suitability questionnaire which along with the risk tolerance questionnaire helps me to get an idea of what level of risk you need to take to achieve your goals and what you are comfortable with. Will a trade off be required? i.e will you have to take more risk to achieve your goals or maybe fall short of achieving goals because you don't want to take any more risk. At least you are making an informed decision at the outset.
  4. Then we look at diversified portfolios that may be suitable to what you are trying to do. You are shown the potential gains and losses of the portfolio.
  5. You get an Investment Policy Statement laying out the investment strategy for the next 5 years.
  6. We implement the portfolio for you (No cheques are made payable to my company).
  7. We stay in contact. The portfolio is rebalanced as required to ensure it doesn't drift.
Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
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