Savings & Investments
At Bua Financial Services, we offer clients independent and impartial advice with regards to savings and investments. Our goal is to help you accumulate wealth and make your savings work for you.
There is a comprehensive range of investment and savings products in the market and we can help to find the right choices(s) for you. Depending on your short, medium, and long term money plans, and on your current financial situation, we can recommend various products suitable to your future needs and your capacity to take risk.
It is important to note that investments with higher risk tend to have higher returns over the medium to long term but you can also lose money this way. Also, in the current market, returns on savings and investments are particularly low.
Savings
Bua Financial Services is here to help with all your saving objectives. Short term savings are usually allocated for short term products and events like holidays, cars, and luxury items, whereas long term savings are usually put towards house deposits, children's education, and rainy day funds.
Deposit accounts are usually the best way to improve your short term savings. Long term savings, on the other hand, may require a more thoughtful approach and an action plan. No matter what you are saving for, there are multiple ways to do this.
Investments
There are numerous investment opportunities to take advantage of and we can help you identify the best course of action for you. In order to provide you with the best investment plan, we will need to determine your risk profile and investment timeframes.
Some of the most popular investment options are various managed funds, tracker bonds, shares and property or property funds. Depending on which option you choose, your potential return on investment could, depending on the market, be extraordinary. Our advice will be completely tailored to your circumstances and our ultimate goal is to provide the opportunity for a higher return on investment in the long term.
Savings & Investments – Frequently Asked Questions
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Why Should I Have A Savings Account?
While savings accounts can have low interest rates it is always a good idea to have one set up, especially for short term goals. By separating money from your bills, expenses, and other expenditure you can see clearly how much money you have to spend on luxury items.
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Are High Risk Investments Worth It?
This depends on how willing you are to take risks (this is known as your “risk appetite”). While high risk investments can yield a higher return in the long term, they can also lose money over shorter timeframes. If you are not willing to lose your money then low risk opportunities are the better option for you.
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Can I Have Multiple Investments At The Same Time?
Yes, you can make different investments at one time. In fact, an efficient investment portfolio may include a mixture of deposits, direct shares, tracker bonds, and managed funds. Spreading your investments through different opportunities will minimise your risk and increase your return.