There are various options available for getting more out of your money. You can opt for an ISA, which is a tax free savings account for an investment of over £15,000 each year from April to April. There is also the option of a bank savings account. Investing in the stock market though, can offer higher returns. There is risk involved but the potential returns can make it worth it. If you are considering the option of investment, it is worthwhile to take advantage of an online investment management service, such as Nutmeg. There are several reasons why this is a positive way to manage your money.
Tailored to your Needs
The online investment management service from Nutmeg is completely tailored to suit your own individual needs. You will decide how much you wish to invest (minimum of £1,000) and what your goals are for your investment. You will also decide on how much you’re willing to risk, whether low, medium or high. It is your money and your decision on how you want to manage it.
Diverse Investment Portfolio
You can expect a diverse investment portfolio to be used, which will identify relevant asset classes, geographies and industry sectors which will allow you to get the most out of your money. The portfolio will be based on your investment goals, such as how long and how much you are looking to invest. It will also be based on the level of risk you are looking at. The portfolio will be robust and will be the right one for your needs and goals.
When you use their online investment management service, you don’t just put your money in and hope for the best, you can keep an eye on your investment online and find out how it is doing. This gives you more peace of mind that your investment is safe and you’re not just blindly waiting on the company to let you know about your returns. In this way, you have more control over your money.
Your investment will be managed by experts, who will monitor your money and make changes wherever necessary, to maximise your returns. Your goals will always be the main focus and ensuring these have the best chance of being met as possible.
There is a minimum investment of £1,000, but other than that you have a high degree of flexibility. If you don’t want to invest anymore, you can stop at any time. You can also increase the amount you want to invest, whenever you wish. If you decide that you no longer want to be part of the online investment management process, you can stop whenever you want. You will also be able to withdraw your cash whenever you want. There will be no charge associated with this if you can hold off for a while, or a small charge if you need access to your funds urgently.