Regular Savings
A number of things that we aspire to have, cannot be funded out of disposable income and therefore we have to save or borrow to acquire these goods. We all have short-term and longer-term savings requirements. Typical short-term savings requirements would be holidays, cars and other luxury items.

Longer-term savings requirements could be -
1 Deposit for a house.
2 Children’s Education.
3 Investment Opportunities.
4 Nest egg for a rainy day.

Short-term savings are best achieved through deposit accounts, however equity based plans may provide better returns for long-term savers (>10 years). It makes sense to have a combination of deposit and equity based plans catering for short-term and longer-term needs.

Lump Sum Investments
At some stage you may have a lump sum to invest. The benchmark return will be the best currently available deposit rate. These vary considerably as in the last six months rates have moved from a high of 6% down to 3.5% APR. Alternatives to deposits may entail some level of risk to capital and generally superior returns will require clients to take a longer-term view. Other investment options could include some of the following -

1 Direct investment in shares
2 Direct investment in property
3 Tracker Bonds
4 Managed Funds and Sector Specific Funds

Any advice given on investment options would be predicated on a client’s risk profile and investment time frames. An investment portfolio could include a mixture of deposit, direct shares, tracker bonds and managed funds to satisfy a client’s requirement for access whilst also providing the opportunity for higher returns over the medium to longer-term.

Savings & Investments

The Finance Shop Ltd. is regulated by the Central Bank of Ireland as a Multi-Agency Intermediary and as a Mortgage Intermediary.