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 News from the financial sectors in Spain and the Canary Islands Reviewing your investment planning Your approach to wealth management Many people buy their investments in isolation. They buy some shares here and some shares there. They select savings accounts based on which one is offering the highest interest rate at the time.  The overall portfolio you’ve ended up with may not be targeted to meet your needs. It could, for example, be geared towards growth when regular income would be more beneficial. Alternatively you may have all your savings in the bank even though you need capital growth to protect your spending power through retirement. If your portfolio doesn’t have an overall strategy, there’s no time like the present to establish a more effective, targeted wealth management plan. The first step is to define your financial goals. Next work with a professional wealth manager to analyse your current financial situation and calculate what you may need in future, taking potential inflation over your time frame into account. He will evaluate if your current portfolio can achieve your objectives and recommend the best strategy going forward. He should start by gathering information about your current assets, resources and pension plans to get a full picture of your situation. A holistic approach to managing your money won’t only look at investment returns, but also tax mitigation, retirement planning, estate planning and improving your pension benefits. A cohesive investment strategy makes it easier to lower your tax liabilities and to control risk. Why strategic asset allocation? It’s important to have the right mix of assets for your age, objectives and expectations for return. Asset allocation is the process of diversifying investments by spreading them among equities, bonds (fixed interest investments), property and cash, to optimise the risk/reward trade-off based on your specific situation and goals. Equities, bonds and ideally also property should then be further diversified across sectors and countries. Some funds also offer the opportunity to diversify across managers so that you have top specialist money managers looking after your capital. You should also consider a mix of currencies. The importance of rebalancing Rebalancing is another critical element of your wealth management plan. It involves periodically buying and selling assets in a portfolio to maintain the original desired level of asset allocation. As the values of assets shift with market changes, your initial investment policy mix can change. You should review your portfolio at least once a year to re-establish your original weighting according to your risk tolerance if necessary. You also need to re-evaluate goals over time and your asset allocation may need to change to reflect your different circumstances or objectives. A wealth manager like Blevins Franks will help you establish a plan to achieve your objectives and improve your financial security. To keep in touch with the latest developments in the offshore world, check out the latest news on our website www.blevinsfranks.com By Bill Blevins, Financial Correspondent, Blevins Franks This article appears in the print edition 610 of Island Connections
| Canary Islands - 08.02.2012 - Yesterday's ugly scenes at Bilbao airport, where Ryanair boss Michael O'Leary had to be given a police escort after his provocation of former Spanair employees, prompted a furious reaction against the head of the airline by Canarian MP Ana Oramas. more... Las Palmas - 08.02.2012 - The snags preventing the release of tickets for the concert by rock legend Bruce Springsteen in Gran Canaria have now been resolved and the gig has been confirmed 100%, say the organisers. more... La Laguna - 07.02.2012 - A well-known Tenerife lawyer is the focus of police attention in a money-laundering and fraud investigation ordered by a La Laguna judge. more... Canary Islands - 07.02.2012 - Relations between the Canarian government and the new Spanish government sank further yesterday when the region's tourism minister was apparently snubbed by his national counterpart. more... Canary Islands - 07.02.2012 - Two Britons who had to be rescued again after getting into trouble on their bid to cross the Atlantic in a pedal boat could face a hefty fine for the latest mobilisation of air and sea rescue resources. more...    Banish the blues They tell us that this is one of the most depressing times of the year more...   | E-Zigarette Die E-Zigarette Classic ist das robuste Modell für den täglichen Gebrauch. www.elektrische-zigarette.eu Rent a car Tenerife We have been in the rent a car business since 1976 in Tenerife. Our experience - your advantage. www.hermanns-cars.com Electronic Cigarette The Electronic Cigarette SLIM is recommended for smokers with few consume, occasional smokers and to go. www.liquid-shop.eu Real Estate Tenerife We are a real estate company, constituted in the year 2002, and nevertheless our professional team possesses a long trajectory in the real estate sector in the north of Tenerife. www.optima-tenerife.es ic media group |
