September 2023 – Page 3 – JMS Financial Services

Pension drawdown

Greater flexibility in accessing your pension funds

Pension drawdown is a flexible way of taking income from your pension, introduced after the pension freedom rules in April 2015. Before that, the government limited how much income you could take from your pension unless you had other sources of income, and annuities were commonly used to provide a guaranteed income for life.

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Charting your investment trajectory

Understanding your present financial standing and visualising your aspirations

When it comes to charting your investment trajectory, a well-drawn roadmap can be an invaluable guide. By understanding your present financial standing and visualising your aspirations, you can devise a solid strategy to steer you towards your financial objectives.

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Goals-based saving and investing strategy

Staying focused and disciplined, even when markets are volatile

It’s crucial to remember that saving and investing is not just about making money. It’s about making your money work for you to help you achieve your financial goals. Therefore, it’s important to have a clear understanding of what those goals are before you start investing.

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Cash flow modelling

Are you looking to grow your wealth long-term or seeking immediate returns?

Investing can feel like navigating uncharted territory, particularly for those new to the field. With many options and strategies available, it’s crucial to grasp what you aim to achieve with your investments clearly. Are you looking to grow your wealth long-term or seeking immediate returns? Specific goals will guide you in choosing the right investments and making sound decisions.

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Understanding investment objectives

Risk appetite, current finances, and future aspirations

Investing is a lifelong journey; the sooner you embark on it, the better your financial future. Whether you’re a seasoned investor or a novice, understanding your investment objectives, risk tolerance, and timeline is crucial.

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Risk tolerance

There’s no such thing as a ‘no-risk’ investment

Investment risk is an inherent part of the financial market. However, how much risk you should take on isn’t a one-size-fits-all answer. It depends on your individual circumstances, goals, and comfort level with risk. Some people are more comfortable with risk than others. Some are willing to tolerate more risk to achieve their objectives, while others have different tolerance levels for various types of risk.

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Investment asset allocation

Create and protect wealth, especially during volatile market conditions

Investment asset allocation is a critical component of successful financial planning. It’s diversifying your investments across different asset classes, such as equities, bonds, property, and cash, to minimise risk and maximise potential return. The goal is to create and protect wealth, especially during volatile market conditions.

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Responsible asset selection

Supporting responsible practices and contributing to a sustainable future

Environmental, Social and Governance (ESG) investing is a strategy that focuses on companies that prioritise environmental, social and governance factors in their operations. Investing in these businesses supports responsible practices and contributes to a sustainable future.

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Impact of inflation on investments

Navigating effectively through inflationary periods

Inflation, the general increase in prices and fall in the purchasing value of money, is a critical factor that investors must consider. It’s particularly relevant in the current economic climate in the UK, where inflation rates still remain high.

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Investing is both an art and a science

Creating an investment strategy is pivotal to reaching your financial goals

Investing is both an art and a science, with successful outcomes often hinging on applying sound principles. When employed consistently, these principles can help guide investors through the ever-changing financial landscape, providing a roadmap to achieving their financial goals.

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