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Rules of investment - N.o. 10

27th June 2010

Be realistic about you liabilities. 

It’s not enough to be realistic about your assets – it is also vital to be realistic about your liabilities. For example, if you have debts outstanding, then you are going to save more money by paying them off (and thereby saving yourself high interest payments) than you are ever likely to make from an investment. These should therefore be addressed first.

You should also make sure you have a readily available ‘emergency fund’ – in case you need to repair the roof or buy a new car. Putting these foundations are in place first allows you the freedom to make the right investment choices and give your family the financial future you desire.

To speak to an IFA about your investment strategy, please use the contact details below.

Contact Details: Richard Eastwood

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0161 785 3500

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