Over the festive season and into the New Year, it is a traditional time to look forward to new beginnings and whilst many resolutions may fall at the first hurdle, perhaps now is the time to make some financial resolutions that you can keep to.
Caution and concern are in most peoples minds, with a tendency to put off decisions rather than take the time and trouble to plan ahead. As a consequence, money sits on deposit, earning a very low rate of interest a thoroughly miserable result.
Then if you think about the slice that the tax man takes from the interest you did earn and furthermore, the impact that inflation is having on the real value of your savings, as Charles Dickens would surely tell you, here is your Ghost of Christmas Past.
So what about the Ghost of Christmas future the Dickens view ahead would quite likely see an even bleaker time to come with the value of your money getting smaller and smaller, fewer treats in store and to cap it all, the tax man taking a bigger share as well.
So what is to be done? Well as Scrooge did in a Christmas Carol, you need to shake off the Ghost of Christmas Past with a determination to avoid the future you have glimpsed by making sensible changes today.
I dont mean casting caution to the wind of course, but when did you really last sit down and thoroughly review the way you manage your long term financial affairs. You might be quite surprised with what you find out when you ask yourself a few questions or more importantly, discuss them with a qualified financial adviser.
Your time scales may be out of synch with your investments and you may be paying more tax than you need to. Unsatisfactory funds might have been ignored for too long and perhaps income can be And this is just the beginning but how do you make a start?
Did you visit the Over 50s Show in Estepona at the end of November? if so, you might have picked up a copy of our new brochure which we launched there. This provides details of a new approach to investment by making sure that costs are contained and that tax efficiency and simplicity are maximised whilst retaining a penalty free exit should the need arise.
If you dont have one already, then getting a copy is a good place to start - we can mail one to you or send a copy by email. Just contact us by phone or email and we will happily send you one. So take action now and resolve to bury the Ghosts of Christmas past and future and as Tiny Tim would say, God bless everyone.