Whether you’re in a new job, recovery mode, or looking for new ways to maximise the extra cash you’re saving, we can help you sort your finances in 2022.
Take stock of what you’ve got
Last year was a great time to be invested. For Euro-based investors, global markets rose by more than 27%.
There are plenty of reasons to be optimistic on growth prospects for 2022. But it’s likely to be a bumpier journey, as the first couple of weeks have shown. And what drove growth in 2021 may not be the same in the markets in 2022.
The re-opening of economies as Omicron concerns subside presents plenty of opportunities. At the same time, investors will need to navigate rising interest rates, valuation challenges in some sectors, and the tapering of government supports.
Now’s an ideal time to re-evaluate your fund choices, and maybe your appetite for risk too.
How Moneycube can help: in 2021, we adjusted customer portfolios where funds faced new challenges (eg in Chinese equities), while for other customers we supported them in holding firm and benefitting from the strong growth in asset prices throughout the year.
If you’d like our help to review your investments, just let us know.
What does the great resignation mean for your finances?
Did you change jobs recently? It’s happening in significant numbers. If so, do you know how much your old pensions are worth, where they are, and how they are invested?
Most of us are far from clear on these questions. Yet that’s easy to change.
Simplify your retirement plans, obtain ongoing advice, and take control of pensions from your old jobs, or a job you left last year, by consolidating them with a single provider.
How Moneycube can help: in 2021, we helped a customer move a €250k pension from an old employer following redundancy, and enabled them to draw down their pension lump sum straightaway.
Our pension consolidation centre has all you need to know.
Inflation is biting: start a regular saver…
Latest CSO data suggests inflation in Ireland is running at 5.3%. Yet most bank deposit interest rates are still zero – or worse.
The good news is that many of us have become used to saving extra money each month over the last couple of years. If that’s lying in a bank account, its value is being eroded by inflation all the time.
Fact is, in order to have the prospect of keeping up with – or better still, outpacing – inflation, you’ll need to take some investment risk with your money these days.
There’s plenty of evidence that you’ll be more successful if you turn your plans into a concrete goal. So start by deciding the amount you’d be prepared to commit to investing each month, and put that into action. Make a note to review your investments at mid-year, just like we do.
How Moneycube can help: we can put a regular direct debit plan in place for you from as little as €250, with automated monthly investments into a professionally managed investment fund in line with your requirements for risk and reward.
…and consider your cash position
So if you have a significant lump sum – more than, say, 6 months’ income, sitting in cash in the bank, it is likely worth looking at putting it to work for you, to generate wealth and stay ahead of inflation over the medium term.
How Moneycube can help: we can help you invest a lump sum, whatever its size and shape.
From multi-asset funds which give your money exposure to many opportunities for growth in a single fund, to large bespoke portfolios in line with your investment preferences, Moneycube can navigate the investment world for you in 2021 and beyond.
Plan for the unexpected with your finances in 2022
We all know how quickly things can change. What would happen you and your dependents financially if you could no longer work?
If you and others depend on your income, you probably need some protection to cover the gap if something happened to you.
How Moneycube can help: we can arrange cover critical illness and life assurance cover, insuring against these risks, whether as part of your pension plan, or on a standalone basis.
Get in touch if we can help.