Page 67 - Phonebox Magazine April 2010

Finance Matters
brought to you by Advison Independent Financial Advisers
Little by Little...
Not everyone is in the fortunate position of having a lump sum that they are able to invest, in the hope of achieving a real increase in its value. One way of trying to rectify this is to save a small sum on a regular basis, in order to build up a larger sum, although many choose not to follow this avenue either.
Regular saving is not as popular as it should be and when looking for reasons behind this two of the most common we hear are that it hardly seems worth it for a small amount and that it will take forever to actually build it up to a worthwhile sum. This is an interesting view, in particular when you look back a generation when this view was perhaps not so prevalent.
My own first job in the industry was for Prudential, knocking on doors, collecting money on a monthly basis. Most families had been saving in that way since their parents started them up a policy when they were younger and many were pensioners who could remember their parents doing the same. This instilled in the children a need to save for things you may want in the future and I remember from my time with Prudential that many kids were rail-roaded into policies by their parents once they were earning. This may seem a little unfair but I would suggest very few were not grateful when they received the proceeds of their savings.
This generational attitude to saving does appear to be going but sadly it is probably in line with today's abundance of credit which seems to have eroded the savings culture and replaced it with a state of mind which leads to people feeling they should have things now, rather than saving and waiting.
Saving regularly though can be very rewarding and it is surprising how quickly time goes by and a few years of saving a relatively small amount each month can lead to a sizeable lump sum. One of the benefits of paying monthly is that ‘Pound Cost Averaging’ comes into play. Put simply, this means that if the market falls whilst you are paying in, you will buy more units each month because they are cheaper. When the market eventually rises again, you have many more units than you would have had, and this means you achieve a greater level of growth.
Could you afford to save a small regular amount, either for your own benefit or for that of your children/grandchildren? If so, why not contact Advison and see how we may be able to help you. Remember – initial meetings are always without cost or obligation.
Advison has a wealth of experience in helping clients with different investment strategies and tax planning, ensuring that a well constructed portfolio provides the diversity required. We are also able to review your investments so that they remain in line with your personal circumstances and objectives.
Unlike many IFAs, Advison not only provides the initial advice you require but also produces regular personalised reviews of your Investments, Pensions and Protection Policies, enabling us to ensure the assets you hold are still relevant to your circumstances.
Please be aware, unlike deposit accounts, the value of your investments can go down as well as up and past performance should not be taken as an indication of future performance.
Advison is a small, friendly and reliable firm specialising in Advison is a small, friendly and reliable firm specialising in
InAvdevsitsmoennitssa, Rsmeatilrl,efmrieenndtlyPalnadnrneilniagblaenfidrmIHsTpeMciaitlisgiangtiionn. Investments, Retirement Planning and IHT Mitigation.
Investments, Retirement Planning and IHT Mitigation.
We offer a return to the traditional values only a smaller company can offer, a service we find
is apWpreecoifafetredabreyttuhrenmtoortheedtisracedrintiiongacllvieanlut.esWoenalyreahsampaplyletrocsoemepyaonuyincatnheofcfoemr,faorsteorvfiycoeuwreowfindhome We offer a return to the traditional values only a smaller company can offer, a service we find
is appreciated by theomr aotreoudrisocfefricneining cWlioebnut.rWn eSanredshawphpicyhtoalseoehyaosufirneethpearckoimngfo.rt of your own home is appreciated by the more discerning client. We are happy to see you in the comfort of your own home
or at our office in Woburn Sands which also has free parking.
or at our office in Woburn Sands which also has free parking.
All staff at Advison are either AFPC or FPC qualified. All staff at Advison are either AFPC or FPC qualified.
All staff at Advison are either AFPC or FPC qualified.
------------------This is your opportunity to speak with the experts------------------
------------------This is your opportunity to speak with the experts------------------
------------------This is your opportunity to speak with the experts------------------
• Previously voted Planned Savings Magazine National Estate Planner of the Year
• Previous•ly vRoteegduPlalralnynqeudoSteadvingtshMe angaatizoinealNparteisosnafolrEosvtearte1P0layneanresr of the Year
• Previously voted Planned Savings Magazine National Estate Planner of the Year
• Have appeared as financial •plaRnneginuglaerxlypeqrutsotoend BinBtCh,eSnkayt,ioCnNaBl pCr,eBsslofoomr boevregr,1S0imyepalyrsMoney and the Money Channel
• Regularly quoted in the national press for over 10 years
• Have appeared as financial plann• ingChexopicertMs aognazBiBneC’s, SPkeyn,sCioNnBs Can, Bd lToroumsbtseregx,pSeirmt ply Money and the Money Channel
• Have appeared as financial planning experts on BBC, Sky, CNBC, Bloomberg, Simply Money and the Money Channel • Choice Magazine’s Pensions and Trusts expert
• Choice Magazine’s Pensions and Trusts expert
Call Kevin or Andrew for a preliminary chat or to arrange an appointment.
Call Kevin or Andrew for a preliminary chat or to arrange an appointment.
Call Kevin or Andrew for a preliminary chat or to arrange an appointment.
Shelton House, 4 High Street, Woburn Sands, Bucks. MK17 9SD
Shelton House, 4 High Street, Woburn Sands, Bucks. MK17 9SD
T: 01908 285690 E Mail: ifa@advison.co.uk
www.advison.co.uk
T: 01908 285690 E Mail: ifa@advison.co.uk
Advison ltd is an appointed representati me of The On-Line Partnership Limited AdviwsohniclhtdisisaaunthaoprpisoeidntaenddrerpegreuslaentetdatbivyetohfeINFinPanrtcniaelrsSheirpvitchees tAraudthinogrintya.mRegoifstTehredO(nE-nLginlaenPda) rNtnoe. rs5h0i0p9L2i7m1ited
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Advison ltd is an appointed representative of IN Partnership the trading name of The On-Line Partnership Limited
which is authorised and regulated by the Financial Services Authority. Registered (England) No. 5009271
which is authorised and regulated by the Financial Services Authority. Registered (England) No. 5009271
Phonebox Magazine 67