If you’re under 30 and you’re thinking about pensions and retirement then you are the exception rather than the rule.

But let me tell you that you’re also one of the more savvy amongst us and all credit to you!

So many people put off saving for their retirement until it is far too late.

The later you start contributing to a pension, the more you will have to put away each month when you eventually do.

Also, there’s the distinct possibility that you won’t have enough when you finally do retire.

Of course, in later life you may have a higher income and be able to afford to make larger pension contributions.

Nevertheless, don’t underestimate the power of those early years’ contributions even if it’s only a modest sum each month. It really will make a difference.

To find out how we can help you get on the right track first time, please get in touch either below or using our contact page.

The post Too young to be thinking about a pension? appeared first on Coleshill Wealth Management.

Deciding when to start investing is partly down to circumstances and partly down to upbringing.

It’s no surprise that the children of parents who have invested throughout their working life are far more likely to start early themselves.

You see it’s all about good habits and good house keeping.

Whilst every person is different, there are some overriding principles which any first time investor would do well to stick to.

1. Only invest what you can afford to lock away for 5 years at a time unless it’s a cash deposit.
2. Be aware of your attitude towards risk and invest in line with that.
3. Understand that what might be a great investment for one person may not be for you.
4. Always keep an emergency fund (rainy day fund) somewhere which is easily accessible as you never know what’s round the corner!

One way I like to look at investing is by starting with my goals. Goals will vary by person. You might have the goal of having a certain amount saved in time for say your kids going to university. Someone else may have the goal to be able to pay for that dream holiday or luxury car.

So what are your goals?

Have you thought about it?

Have you visualised where you want to be in 5 years, 10 years and 15 years from now?

IMPORTANT : The value of investments can fall as well as rise. You might get back less than you invested.You should only consider these products if you are willing to take some risk with your capital. We will consider whether such products are suitable for you before recommending an investment.

Start by writing down your goals and once you have, click the button below to book your complimentary 15 mins call.

The post What advice can you give a first time investor? appeared first on Coleshill Wealth Management.