It is a great opportunity to grow your money and reach long-term financial goals. It is also possible to accomplish this with the assistance of an experienced https://highmark-funds.com/2021/07/08/generated-post adviser, who can help you to balance your financial situation and level of comfort with risk versus the need to increase your potential growth and the protection of your principal.

Investment funds pool your savings and the savings of other investors. A fund manager will purchase, hold and sell investments on your behalf. The majority of funds are a mixture of assets which reduces risk of investment. Some funds are more specialised like ones that focus on property or commodities. Multi-asset funds could hold an array of different asset classes, such as shares and bonds.

Certain funds are targeted towards particular regions or segments such as emerging markets or green investment. Some also have a variety of investment goals such as focusing on specific growth levels or reducing unsystematic risk. Others have a more general investment objective, for instance, low-cost investing.

The type of unit trusts OEICs and investment trusts you select will depend on both your investment timeframe and your approach to risk. Younger investors may prefer to take on a greater level of risk, and consequently, choose funds that have a higher percentage of stocks. Alternatively, those who are close to retirement or have family obligations might want to choose less risk and choose a fund that has more bonds.