Most of us don’t spend enough time considering the implications of choosing a particular investment asset, until it goes wrong, by which time it can be too late. There are many options out there for people with money to save or invest. The terms, levels of risk and potential returns can vary greatly, and it can be difficult to build a portfolio that aligns with your own objectives and needs.
We can help you make the right choice. Whether you are saving money towards a goal or investing a lump sum, you need to ensure the product is right for you. We will help you identify your goals, attitude to risk, and analyse your current situation to determine what level of security you require.
For clients who do not wish to invest in equity or property based funds we offer a range of deposit options. Our main deposit providers are Investec, KBC Bank Ireland and Permanent TSB although we can make arrangements with other providers at your request. All interest on deposit accounts is subject to DIRT at 39%.
Fixed Term Deposits: These are deposits are placed with banks for a particular length of time. The interest payable is credited to the principle at the end of the term. The most popular fixed term periods range from one month up to 2 years.
It is generally not possible to withdraw funds from a fixed term deposit during the term. Withdrawal rules vary from bank to bank and sometimes penalties will apply. Some banks will allow depositors to withdraw a certain amount from the account without paying a penalty.
Notice Accounts: These require the deposit holder to provide a certain amount of notice before withdrawing funds. Interest is usually paid on these at the end of each calendar year.
In recent years, people have become concerned about the safety of money placed in bank accounts. The Deposit Guarantee Scheme is operated by the Central Bank, and covers all amounts up to €100,000 if the deposit is held in a regulated institution which is covered by the scheme. The €100,000 applies per person, therefore a joint account can be covered up to €200,000.
There are now more ways than ever to participate in the stock markets and it is becoming more affordable. Some investors like to manage their own funds and one way of doing this is to invest in shares.
We recognise that shares play an important part in many investment portfolios. We deal with a number of preferred operators who can provide share dealing and stock broking services to our clients. Shares can yield handsome profits, and be traded at short notice, however values do fall as well as rise, so they are not without risk.
A lump sum investment plan is where you make an initial investment in your choice of funds. There is no obligation to invest any subsequent amounts. Normally the minimum initial investment is €5000. Some of the key factors to consider with a lump sum investment are the access you will have to your funds, timeframe and the level of risk involved.
We will help you reduce your exposure to risk, which can be done by investing in a capital guaranteed fund which secures your money or you might want to spread your investments over different funds of various risk levels. By investing in a wider range of asset classes you are increasing your diversification which can help to reduce your risk.