It is a great method to increase your wealth and reach your long-term financial goals. It is also possible to do this with the assistance of a qualified adviser, who can assist you in balancing your financial situation and comfort level with risk in order to allow to increase your potential growth and the security of your principal.

Investment funds pool your savings with the savings of other investors. The fund manager then buys, holds and sells investments on your behalf. The majority of funds are a mixture of assets which reduces risk of investment. However, some funds are more specialised than others, such as funds that are focused on property or commodities. There are also multi-asset fund that can hold a mix of different types of assets including bonds and shares.

Some funds are geared towards a https://highmark-funds.com/2021/07/08/generated-post/ specific region or sector, such as green or emerging markets. Many funds have specific objectives for investment, such as decreasing unsystematic risks or striving to achieve a certain level of growth. Others have a more general investment focus, such as low-cost investing.

The type of unit trusts, OEICs and investment trusts you select will depend on the length of your investment period and your approach to risk. Younger investors might be more willing to take on a higher level of risk, and consequently, choose funds that have a higher percentage of stocks. Alternatively, those approaching retirement or have family commitments might want to take on less risk and choose an investment with more bonds.