Lump sum investments
When it comes to making a lump sum investment, your Elixir Wealth adviser will discuss with you investment options to ensure that your money is working hard for you. There are many different ways to invest a lump sum of money.
Lump sum investments
Some factors to take into account include the amount of money available, the desired level of risk, and the timeframe for investment.
Your Elixir Wealth adviser will start by getting a detailed understanding of your goals: What do you want to achieve with your lump sum investment? Do you want to grow your wealth, generate income or both? Having a clear goal in mind will enable them to work with you to create the right investment strategy.
Next they will consider your time horizon. How long do you have until you need access to your money? If you have a longer time horizon, you may want to take on more risk as you will have time to ride out any market volatility.
They will review your risk investment tolerance. How much risk are you comfortable taking on? When it comes to investments, there is always a trade-off between risk and return. Higher risk investments tend to offer higher potential returns but also come with more volatility.
Next it is essential to build a diversified investment portfolio. In others words, don’t put all your eggs in one basket. By diversifying your portfolio across different asset classes, sectors and geographies, your Elixir Wealth adviser can help you mitigate some of the risks associated with investing.
Once you have made your investment, your adviser will monitor it on an ongoing basis. This will help you ensure that your investment remains on track to meet your goals and it also provides the opportunity to discuss making any necessary future changes if it isn’t.
Want to make sure your investments will increase your wealth and build a strong financial future?
At its core, investing may seem simple, you put your money into something that has the potential to provide a financial return over time. But thats why you need professional help and guidance. We’re here for you. To speak to an Elixir Wealth adviser, please contact us.