Frontline healthcare workers such as hospital doctors, GPs, and dentists have been working overtime since the coronavirus pandemic hit the world hard last year. While you’re busy working hard to save the people in your community, we think your money should be working just as hard as you do.
This does not constitute advice and advice should be sought in all instances before acting on it.
Merely saving your money will not net you the kind of profits you should be getting as interest rates have hit rock bottom — good news for the housing market, but bad news for savers.
Investing, on the other hand, is a great way to grow your wealth and create new ways to receive income. Could investing be the right path for you?
Is investing for you?
The first thing to consider before investing is what your financial goals are. Investing is all about playing the long game — it’s a way to grow the wealth you already have over a long period of time so you need to be prepared to part with your money and trust that you won’t need to access it before the potential of your funds has been fully reached.
Investing works best if you also have a savings plan for any unexpected costs and a wealth protection plan for worst-case scenarios like illness, injury, or death.
Attitude toward risk
How comfortable you are with risk will dictate your investment strategy and outcomes.
There are different assets that you can invest in, like stocks, property, bonds, and cash. They each come with their own level of risk and over the course of your investment journey, this risk might change, as might your comfort for risk.
You should continue to assess your attitude toward risk and shift strategy as necessary. Keep up to date on news that could impact your profits and regularly review your portfolio.
The key to a successful investment portfolio is to diversify by spreading your investments across all the asset classes so you can protect yourself against the possible poor performance in one area.
Investing tools
Dental & Medical Financial Services’ clients have access to Fusion Wealth, an online platform where they can track their investments and also take actions, like topping up ISAs.
Learn more about Wealth Platform and how easy it is to start investing with the right tools and guidance.
We also offer a Risk Assessment Questionnaire to help you gauge your comfort level and get a feel for the type of asset mix that would be right for you.
Trusted advisers
Investing can bring you great returns and by working with an independent financial adviser to support your goals and factor in your attitude to risk, you’ll discover that investing can be for everyone.
Expert advice from specialists with knowledge of and experience with other doctors and dentists’ challenges will help you reach your goals faster than you ever imagined.
When working with us, we’ll happily assist you with making the right informed choices for your money. Our trusted advisers provide guidance so you can navigate each step of the investment process, review your entire financial position annually, at a minimum, and recommend any changes in strategy as necessary.
Want help with your investment portfolio?
Investments | Financial Planning | Retirement | Save Tax | Protection |
Dental & Medical Financial Services have been helping doctors and dentists to build and protect their wealth, whilst saving tax for over 25 years.