NHS hearing revealed poor investment in coaching services
It can be intimidating to consider investments, but with a few tips you can reduce financial risks.
10:36 12 July 2013
A recent investment of over £73,000 apparently did not yield the expected results. It was intended for preparation of the witnesses for the hearing regarding the NHS’ activity.
Often times when it comes to financial decisions, we may be unsure how to proceed or ensure that our investments yield the results that we desire. While no one can predict the future with 100per cent certainty, there are a few things you can do to minimize your risk.
- Talk to a professional—when you get knowledgeable help advice about how to best approach your investment goals, you will feel better about the potential end results of your financial decisions. Independent Financial Advisors may be able to help you with your decisions, depending on what your goals are.
- Separate investments—when you do decide to invest, you want to ensure that you try to contain the risk. Have a separate investment amount for a higher-risk yield, and a separate one for your lower-risk yield. The amounts you decide to put into the higher-risk versus lower-risk investments is completely up to you, and what you can afford or are comfortable with.
Keeping the two separated though helps you stop losses with your higher risk yield so that you do not suffer too much. A good example would be establishing both a Cash ISA as well as a Stocks and Shares ISA.
- Research—whether you want to manage your financial portfolio yourself or receive professional help, it is a good idea to do as much research as possible. If you find companies with a decent growth rate and a proven track record, it’s safer to assume that the future will hold similar results than a company with severe highs and lows.
- Backup plan—since there can be any number of financial upheavals surrounding any investment, you should also have a backup plan to stabilise your funds in the event of a detrimental situation.