Investing can, admittedly, be an intimidating topic for many newcomers. The jargon can be confusing and the volume of information can be overwhelming. Fortunately, learning to invest does not need to be this way. By grasping the essentials of how to build a portfolio, you can empower yourself…
What is a 0% credit card and how does it work? Are they a good idea and can they have a legitimate place within a broader financial plan? Financial planners tend to encourage clients away from credit cards because the interest payments can be very punitive – eroding your income and undermining your progress…
Suppose you suddenly find yourself with a cash windfall – possibly from an inheritance or from selling your stake in a business. If you want to invest the money, how should you do this? In particular, is it best to invest everything at once; or, “drip feed” it gradually into a portfolio? There are pros and cons…
If you have recently received a large bonus, then first of all – congratulations! It is a great feeling to be financially rewarded for hard work. However, a high tax bill on your new-found money is a less pleasant experience. Are there ways to protect your reward from the tax man? How can you invest a bonus…
Do you prefer the idea of a guaranteed interest payment on savings, or the chance of winning a prize draw? The latter, in simple terms, is what Premium Bonds offer. Yet are they a good deal? Below, our Padiham financial advisers explain how this investment from NS&I works, how it compares…
The lifetime ISA (LISA) is a highly popular investment “vehicle”. Since its introduction in 2017, around 775,000 people have opened one. Yet how does it work and is it worth it? In this guide, our Burnley financial planners offer a short guide to the lifetime ISA – offering ideas about how it can be integrated…
With inflation still running high in 2023 (7.9% in June), many investors are looking for ways to mitigate its impact on their returns. Gold and other commodities (e.g. silver) are often touted as effective ways to hedge against inflation. Yet are they a good idea? Below, our financial planners in Padiham explain how…
There is no shirking the matter. Since the UK’s cost of living crisis escalated in 2022, families have found it harder to put money aside. Investment levels were at a 3-year low in July 2022, and in May 2023 savers took out a record £4.6bn from savings as consumers struggled to meet their monthly bills…
Interest rates on cash savings can feel more attractive when they are going up. Yet, in the background, your money may not be growing in real terms. In fact, it could be losing value. This is because of inflation – i.e. the rising cost of goods and services in an economy over time. Below, our Burnley financial planners…
How many people do you know who lived to be 100 years old? According to the Office for National Statistics (ONS), there were 15,120 centenarians in 2020 – 18% more than the previous year. Is it just luck of the draw, or do you have a say over whether you live to 100? The science suggests that we have…
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