When it comes to investing your savings, there are many options available. The key is to build a diversified portfolio that aligns with your risk tolerance and financial goals. Whether you’re making a one-off lump sum investment or saving into a tax efficient pension, there are several ways to get started.Go here :theinvestorscentre.com
Research commissioned by Irish Life shows that Irish people favor savings accounts over other investments. In fact, a quarter of their wealth is held in cash deposits. However, if you’re prepared to take some risk, investing in stocks and shares can yield better returns on your money.
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Investors with a lower risk appetite can choose funds that focus on bonds and a small percentage of stocks. Those with a higher risk appetite can opt for equities-focused funds or those that invest in property and commodities like gold or oil. However, the fees that fund managers charge can eat into your returns. For example, if you pay a fund manager a fee of 0.25% of your portfolio value per annum, this equates to 43.6% of your total return after a decade.
If you are willing to diversify your portfolio you may want to consider exchange-traded funds (ETFs). For investors in Ireland, the iShares MSCI Ireland ETF tracks the performance of an index that includes a broad range of companies domiciled or conducting significant business operations in the country. For those seeking a broader European equity exposure, the Vanguard FTSE Europe ETF offers an alternative. Finally, those looking to support the technology sector or renewable energy could opt for the Global X Future Analytics Tech ETF and the iShares Global Clean Energy ETF respectively.