Investment Insights
Investments do rise and do fall in value and we strongly advise that professional advice is taken before investing your money
A time machine could be very useful, just like in ‘Back to the future’, you could build riches that give you access to wealth and win the girl (or boy)!
Now, if I were to say that I can show you your financial future using our ‘secret time machine’ that we offer all clients access to, so that they get a glimpse of their future, would you be interested? Want to know more...? Of course you do, after all who would not want to know what their financial future has in store for them… Download our free ebook. https://bit.ly/3azJkLz In simple plain English it covers the 6 vital steps to a successful financial roadmap. We hope you enjoy it and if you find it helpful don't forget to share with someone else that could benefit… My profession hears this a lot, for most people it’s just a chore to be done, however it’s actually so much more important than that! The decisions you make with your pension will have a profound impact on what you can achieve, your relationships, the enjoyment that you will have and even your health.
So don’t be like the majority who will probably never live the life that they dream of, start the process to make your dreams a reality… After all, pensions should have dreams attached, because they are simply a vehicle to get you there. So, Dream big! You can plan your future using our simple guide, Download our free ebook, We hope you enjoy it and if you find it helpful don't forget to share with those you love. https://bit.ly/3azJkLz Retirement means different things to all different types of people.
If pottering down to the shops and watching afternoon tv for the remainder of your days is what you want then you can retire, before you fall off your perch. However, if you have a bucket list of memories and moments still to be achieved then you are not ready for retirement. Knowing what you need financially to achieve your best life (best retirement) from what you have accumulated is a good start and if you have not got enough then start to put plans in place. If you have enough then why have we not met already!!! 23/8/2022 999 or is it you only need 111It’s one minute to the last train out of hell and you still are going to be late!
'It’s so loud and the lights are bright', it's overwhelming but I am afraid to say, this is life! We all are continually being tricked and distracted by the noise and bright lights, yet we know instinctually there is a better way and a better life… So put down the phone to the emergency services take a deep breath and take a day off, go somewhere you can escape, a park, the beach, a quiet pub and allow yourself the freedom to write on one page what is important to you (take a big pad!). Keep asking yourself what would my best life look like, then do the same again and again, until what you have written your mission statement! Then take another sheet of paper and build a plan 16/6/2022 Bitcoin Story continues...Buy what you understand, understand what you buy, sounds easy, yeah?
It is said that about a quarter of the population have a holding in some sort of Crypto currency and have been caught up in the hype of bitcoin, some will be feeling a bit wheezy after it drops to less than half its value at the peak, and as an outside observer this feels like people are capitulating and giving up. Let’s be fair the technology that drives bitcoin (blockchain) will be an important technology, but bitcoin as a store of value, well, who are you kidding, this is still early days and very much the Wild West. Hopefully those that have been affected can lick their wounds until the next speculative ramp and maybe learn their lesson, life is cruel… Lastly, a fool and his money are lucky to get together, protect your wealth and learn that only you can protect you, not all that glistens is gold. 9/6/2022 I Have Changed Your Name...I wanted to share a story with you so that you can protect yourself from falling into the same trap... Having recently met with a lovely couple, it occurred to me that there seems to be a growing trend which I fear could be setting people up for financial failure. What seems to be happening is that the kids have grown-up, the husband is hard at work (or perhaps the wife) and the boss of the house is following their passion be it as a yoga teacher, artist, actor, you get the gist. This will typically produce only a minimum income but the thinking is that with less bills, hey it works. It’s not long into the conversation that the one who is semi-retired says that their husband / wife also wants to retire sooner rather than later and then they are going to go on lots of holidays and live a great life. At this stage I start to feel uncomfortable as there is so much excitement and why not, it’s the perfect life! So, why are you feeling uncomfortable you may ask? Well, in our discussion they have told me how much they think things are going to cost and other than a few shekels the cupboard is bare. So, I ask "how are you going to finance this perfect life?" "Oh, we thought we could use our pension which has got £100k in it, so we need you to tell us how to invest it so we can retire!" I hate to be the one to spoil the party but let’s just say if your heart's desire is to retire and live all those dreams don’t leave it too late - I am a financial planner not a magician! Consider that it is from the age of 50 when you can bank more capital for your next phase of life’s journey as you are in peak earnings territory and one partner taking a lower paying role at that crucial point might sound great but will not be financially contributing to the next phase of financial freedom and this puts the long-term picture in jeopardy. 10/5/2022 How to retire a millionaire…There are only four sure ways to accumulate money.
Firstly, you can steal, but may I suggest this is not a good move! As they say, easy come easy go, and you will always be looking over your shoulder trying to work out who's going to steal from you. Secondly, you can wait to inherit. The only problem with this is you don't know when and if you are fortunate enough to have relatives with money, how much will be left? They may have to go into a care home at some stage which will quickly use up money and there could be equity release arrangements to pay back, so you may find there is not much left over after all. Thirdly, you can simply work hard and save over your working life. This is the nearest that most will get to achieving a comfortable level of money and with careful planning and discipline, this is a good option. Lastly, if you are a hard worker and willing to take a bit more 'risk', then being self-employed, a shareholder in a growing business or a business owner that’s delivering a valued service, is one step better than working hard for someone else as you get to keep the fruits of your labour if you manage your money wisely. So, there you have it no real secret and your mum and dad where right after all! If you would like to build your future please contact us |
AuthorSteven is a Fellow of the Personal Finance Society, whom is passionate about investing and getting the most from your money. Archives
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Steven Mufti & Associates Ltd is authorised and regulated by the Financial Conduct Authority.
Financial Services Register Number 607613. Registered in England & Wales, Company number 8664240. Registered Office address: 27 Armitage Court, Ascot, Berkshire, SL5 9TA. Telephone: 01344 623811 Email: advice@smawm.co.uk The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK. The FCA does not regulate taxation advice. The value of your investments may fall as well as rise. Financial Conduct Authority register: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMlk7AAD |
12/10/2022
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