Wealth Management
Worried about your future? Make the right investment today
Wealth Management is basically a professional service that combines financial planning and investment advice to sustain long term wealth. It also includes accounting and tax services, retirement planing and legal or estate planning. Wealth Management involves more than just investment advice and it encompasses all parts of a person’s financial life. High net worth individuals benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own or their family’s current and future needs.
According to numerous studies across the globe, six out of 10 people die without a will and those who have one, spent lesser time on it that planning their last vacation. By neglecting proper estate planning, many risk losing a sizeable portion of their estate to taxes and fees. The most important aspect of good Wealth Management is making your money grow. However, it is also important to note that Wealth Management extends beyond growing wealth, it also safeguards your family and secures your future. The most common form of wealth management is a monthly investment or saving while a pension can also be the cornerstone of a family’s planning strategy. Professional wealth management consultants, like those at 3E can help you develop strategies for much higher returns, depending on the nature of business. In fact, there are numerous investment options which can make your money grow and also help secure a sound future for you and your loved ones. Among the options available include:
Investing in currency trading
Currency trading is the act of buying and selling different currencies of the world and anyone wanting to invest must first be sure to get the right, professional advice. The professional must on the other hand make sure he is well versed and skilled in the ways the Forex market works and able to monitor and act on the subtle changes that indicate potential profit. Currency values can change anytime and could be triggered due to political reasons, economic or even natural disasters. Therefore, it is important for one to learn as much as he or she can from a professional before starting to trade. Unlike stocks, futures or options, currency trading does not take place on a regulated exchange and not controlled by any central governing body. The Forex is the largest investment market in the world and continues to grow annually. It is also a 24 hour market and is only closed from Friday evening to Sunday evening. Though learning about currency trading may not be too difficult, finding the winning trading strategies is what is important and needs proper guidance.
Fund investment
An investment fund has been defined as a supply of capital belonging to various investors collectively used to purchase securities while each investor retains ownership and control of his own shares. This provides investors a greater selection of investment opportunities and lower investment fees. The types of investment funds include mutual funds, money market funds and hedge funds. By pooling your money with other investors, you can take advantage of investment opportunities easily compared to buying individual assets. However, before one decides to put their money into investment funds, it is important to first get yourself a good fund manager. A good fund manager can help your money grow and even provide you with a steady income. Here, at 3E, our fund managers will go the extra mile to find the most profitable opportunity for you and evaluate which funds actually have the potential to outperform the rest. The advantage of this kind of investment is that your investments are invested across different companies and you do not have to rely heavily on the fortunes of any single company.
Unit trusts
A unit trust is a fund composed of investors’ money which is invested in a variety of financial assets. When you invest in a unit trust, your money is pooled with other investors’ to form a fund and invested into various assets to meet the unit trust’s objectives by a fund manager. The success of a unit trust depends on the expertise and experience of the company that manages it. You make money when the price of the units rises above the price you paid for the fund. Some funds even pay dividends. The price of each unit is based on the fund’s net asset value (NAV) divided by the number of units outstanding. The NAV is usually computed daily to reflect changes in the prices of the investments held by the fund.
In unit trust investments, fund managers run the trust for gains and profit, while trustees are assigned to ensure the fund manager runs the trust following the fund’s investment goals and objectives. It is also the trustees’ job to safeguard the assets of the trust.
Bonds
A bond is basically a debt security, similar to an IOU. When one purchases a bond, you are lending money to a government, municipality, corporation, federal agency or other entity known as an issuer. In return for that money, the issuer provides you with a bond in which it promises to pay a specified rate of interest during the life of the bond and to repay the face value of the bond when it matures or is due. Investors normally put their money in bonds because they provide a predictable income stream and typically, bonds pay interest twice a year. Also, if the bonds are held to maturity, bondholders get back the entire principal, so bonds are a way to preserve capital while investing. Investors tend to prefer bonds because they are seen as less risky than some shares as they normally have a set repayment date. Also, in the event of the company being liquidated they are repaid from its assets if there are sufficient before shareholders are paid anything. Also, the prices of bonds tend to be less volatile.
Apart from the numerous investment opportunities mentioned above, one can also opt to put his or her money into shares or property. However, as for all investments, it is critical to ensure you get the best investment advice possible. Most tend to promise you high returns, not taking into consideration the risks involved. Here at 3E, we will first conduct a due dilligence analysis to determine which option is most suited and profitable for you. This a special service offered by 3E for all our clients. Don’t wait any longer, talk to our Managing Director today. You have a right to know how to make your hard earned money work best for you. Contact Us.
