Are your money plans financially fit? Here’s Moneycube’s one-minute financial health check-up on your investments.
Take the pulse of your investments
This spring has seen a marked rise in volatility in the markets. That will create winners and losers. Do your investments fit with your true appetite for risk and reward?
If you invested some years ago, it may be time to recalibrate. You could be in a fund which has underperformed (here’s an example), or paying seriously over-the-odds fees.
Whatever the case, Moneycube can help you whip your lump sum and regular investments into shape.
Consider a cash injection
Is your rainy day fund languishing in cash? Sure, it’s wise to keep a certain amount in the bank as an emergency fund. But it’s not a risk-free option.
And with interest rates going nowhere for the last decade, investing it in lower risk funds is worth considering.
Our picture your money tool will give you a quick idea of how much you should keep in an emergency fund.
If you do decide to invest some of your rainy day money, make sure you’re not penalized for accessing your investments when you need them (Moneycube avoids funds with early exit charges).
Monitor your retirement plan
Looking at your pension plans might seem as enticing as a trip to the dentist, but it’s likely that this check will pay you…
Moneycube makes it as painless as possible, with an online calculator to paint an initial picture of what retirement might look like, and the advice you need to put keep your pension investments in good health.
If you set up your pension more than ten years ago, there’s a good chance there is a cheaper deal available to you today. We’d be happy to review your existing retirement provisions and check whether you could get a better deal.
