Getting started with investments
Saving money refers to putting it into a safe place for a deferred expenditure such as buying a new TV or paying for that long-awaited holiday.
To a degree, investing is like saving money but with a level of risk attached as the potential for profit is greater. It is also important to note that as great as a profit is, you can also experience losses.
How can Inovayt help me with investments?
Whether you have a property dream, want to ensure your kids are set up for the future, or simply want to have a comfortable lifestyle in retirement, there are many factors to consider to ensure that you’re on the right path.
There’s no one size fits all, and you will need to consider your investment goals, level of risk tolerance, diversification, and investment time frame to determine what and where to invest.
Whether you are an experienced investor who would like to review or expand your wealth or someone who is starting and would like to take that first step towards building an investment portfolio, please get in touch to discuss the options available.
Our Inovayt Wealth team can help with a range of investment advice to help you find the right investment to build your portfolio. These can be any (or a mix) of the following:
Real estate is one of the most common investments and a great way to grow your portfolio. Renting out an investment property helps you pay off your mortgage on that property and can provide you with another income stream.
Cryptocurrency (or crypto) is a digital or virtual payment form created by code that you can exchange for goods or services. As it’s a relatively new investment opportunity, there is a lot of uncertainty surrounding it. If this is an investment route you’d like to pursue, it’s important to talk to a financial advisor to avoid any traps or scams associated with this investment.
Micro-investing platforms such as Raiz and BrickX have been popping up over the last few years. These platforms serve as low-level entry points for those who are new to investing, and most allow you to enter the market with a minimal amount while simultaneously choosing the level of risk you’d like. Our team of experts can assist you with setting up your micro-investing account and which platform is the best for your goals.