For some people, the word “investment” evokes images of individuals in business attire monitoring the performance of their millions-worth shares at stock exchanges. But the truth is, you do not need to be at Wall Street to start investing. With a small amount of money, you have a plethora of investment vehicle options to choose from, including real estate and cash equivalents.
What’s important is that you have the right habits needed to build wealth and make sure you are investing in quality companies.
But, how can you guarantee success in this venture? Work with an investment manager! This company brings a lot to the table, especially when you are just starting out and do not have enough knowledge of the ins and outs of the trade.
What Is an Investment Manager
As the name suggests, an investment manager, such as Truebell Capital, creates and manages your investment portfolio and provides related services, such as financial counselling. They take into account your personal goals and the most suitable investment options in crafting the best portfolio for your needs. Basically, they do most of the leg work for you, from buying and selling your assets to settling transactions.
In some situations where the client is a financial institution or an insurer, this company is referred to as “fund manager”.
Of course, hiring them comes with a fee, but the cost would vary depending on the number of investments you want to make.
How an Investment Manager Helps
While you are the one who is primarily responsible for your financial decisions, an investment manager can help ensure you are investing in quality companies and placing your money in the most profitable options to turn your goals into reality.
Here are the major roles of an investment management company:
Set Your Investment Goals
Your investment goals depend on your situation and the purpose behind your decision. For example, are you doing it to start a business or to change your career path? Perhaps, you want to save money for the rainy days or retirement. Whatever goal you may have, an investment manager helps ensure that it is set and will be achieved.
Guide You To The Best Investment Vehicles
An investment manager removes the burden of scouring through hundreds, if not thousands, of options and choosing the best ones that will give you excellent returns. Is it better for you to engage with smaller companies investment trusts at the moment?
Or, will it be wise for you to invest in long-term investments stocks and wait? A good company will help you visualise your future and make the best decision.
Formulate The Right Investment Plan
Formulating long-term investment plans can be difficult, especially if you do not have the proper knowledge. As they live, eat, and breathe “investing”, investment management companies can easily draw up such plans for you based on underlying factors, such as your risk profile and financial capacity, as well as market factors and conditions.
They can also create the right investment strategy by weighing the attributes and constraints of each asset class that might be appropriate for you. And, they do this with the utmost discretion.
While it is possible to manage your own money, having a professional to do it for you will ensure you are investing in quality companies that will give you the highest profits. And, it guides you to the steps that reflect what matters to you most—making money and building wealth.
You do not need to worry about the fees of hiring an investment manager, as the value of having the right one by your side will surely outweigh the cost of using their services.
If you want to learn more about investing, browse our site for other interesting reads!