PROMOTION Five top tibs for smarter investment viry investment deoision shoud bo taken with cate Tip4: Consider the wider environment and considoration of all of the focta But equalysportant to look to and understand how changes in the wider mportant the noed to give thought to your overal economicand politicalenvironment, such as Brexit, rising interest nvetmont strabeay and whiat you want to ochiov o hoto our toom of peced inancial plninen avo d ve top tps to guide smarter invesst marketmovements are likelyso have agreater impactonthose lookingtoretireoraccesstheirinvestmentssoon, butperhapslesssofor those with long-termobjectiveswhocan ride outshort-termvolatility. Tip 1: Have a clear objective All investment decisions should be made with a clear idea of what TipS: Revlew regularly. it isyou are trying to achieve. Are youlooking to grow your money Al investments should be revilewed regularly to monitor their or produce income? How long are you prepared to commit to your performance and continued suitability. Changes in your personal investment for? How much flexibility to meet changing or unforeseencircumstances and objectives, legislation and taxrulesand thewider financial needs do you need? What evel of return are you looking politicalandeconomic environment willall impacton the continued for? These are just some of the questions youwill need to answer.suitability ofyour investments to meetyour personal requirements The goodnewsisthat you are notexpected tomake these decisions entirely on yourown. Good independent investment advisers will Tip 2 Management of risk This is perhaps the most important point for many investors hepyouanswerthese questions and keep these loptips at the froetof and will naturally change depending on an individual's age and . Ifyour investment advisersdo notaddressthese points,return circumstances Concentrating capital inequities may offer higherotipnumber five andmake sure your review youradvisers aswell. potennial retuns for long-term invessors, however thoseapproaching retizemena, for example.are likely toconsider less riskyinvestments It is important that investors consikler theircapacity to shoulder any posential loss Invesors need to understand how a downsurn or capital loss will affect their position and adopt an appropriate risk profile accordingly. Tip 3: Diversiflcation of risk One principle of managing risk is to hold a diverse investment portfolio. Higher risk investments, such as shares are associated with higher long term returns, but it would be inappropriate for someone with a short investment term or with little appetite or ability to shoulder a loss to choose this type of investment. Your advisers should guide you in the right direction KRESTON REEVES Terry Burgum-financial planner at Kreston Reeves tery www.kreston ncial-planning England