Managing money

Investing your money

By Trevor Illingworth

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Synopsis

This module gives a view of various types of personal investment plans and the risk implications of each plan. A calculator is provided in order to estimate the future value of an investment and the effect of drawing an income from that investment. This title uses United Kingdom data but some of the main principles are usable and appropriate in all countries.

How to …

How to understand different types of personal investments.

How to take account of charges on your personal investment.

How to estimate the value of your personal investment in future years.

Trevor Illingworth

Trevor has been successfully helping people with their personal financial planning for many years, gaining his expertise with a number of major European names in life assurance. He is now based on the Isle of Man, United Kingdom and operates internationally, advising high net worth individuals.

Some people say, “it is not the making a million that is difficult, it is keeping it!”

Not all of us are financial experts. Who knows when is the best time to buy or sell? What should we invest in specifically at this time? Successful investing can take 24-hour research and monitoring. Some people find this fascinating and thoroughly enjoy the task.

However, we lesser mortals need to employ an expert. This is very costly on a one to one basis, and so collective investment schemes came into being.

Due to tax advantages we find many of these in a ‘life wrapper’, that is an investment policy offered by a life insurance company. These schemes offer us access to expert investment management at a reasonable price.

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Managing Yourself - Managing People - Managing Change Managing Projects - Managing Information - Managing strategy - Managing e-Business - Managing Customers - Managing Money - Managing Personnel