My husband and I have very different ideas about how best to manage our savings. I am very risk adverse, favouring a lower interest but safe approach while my husband would rather invest in stocks and shares hoping for a higher return. We have in the past lost money via the share route after making some poor share choices. We spend a lot of time discussing whether it would be better to have our money in our house or an ISA and generally struggle to agree on what would be best for us, which as you can imagine causes a fair amount of stress and generally means we never get around to sorting our finances.
I’ve just been researching Nutmeg, which might be an approach that meets both our needs. Nutmeg build a specific portfolio for you and professionally manage it, taking into account the level of risk you want to take, which sounds perfect for us as we don’t have the time or skill needed to manage a portfolio ourselves.
Nutmeg spread the risk over stocks, shares, gold and commercial property, spreading the risk and increasing the potential for long term return. You can see via their award winning interface the status of your accounts at any one time all with just one annual fee.
I’ll definitely be looking into nutmeg further.
For more information and to try Nutmeg for free see their website.
In collaboration with Nutmeg