Monthly Regular Savings
Saving a set sum regularly is the logical way to bring discipline to the growing of a future capital sum.
There are many reasons for doing so, whether to reach a definite future target – a pension fund by age 65, for instance – build a deposit on a home or simply to ‘put away’ a regular sum while you are working abroad for future use.
What is key is the methodology by which you save every month. Nowadays there are offshore regular savings plans that do not tie in your money for years, or force you to save during a so-called ‘Initial Period’. Low-commission variants exist which are much more user-friendly than the old-style plans from the offshore insurance companies. The new generation includes plans linked to global exchanges which guarantee you up to 180% of contributions made during the savings term.
Equity investment is the proven way to grow your money over time, yielding around 7% per annum on average, net of inflation, since the Second World War. And remember, time is in general more important than the amount of money saved: by starting early, you reduce the amount you might need to save.
Whether you need a full retirement plan or just have an identifiable amount of money that can be saved over a period of time, Caravel will match you with the most appropriate plan, and explain it so you understand it.