When Harry and David first meet with a client, they are interested in learning about the level of investment knowledge and experience that client possesses. This is because they want to get an idea of how that client perceives investing and what their expectations are going forward. Harry and David also make certain that they understand what a client is saving for in advance of making an investment recommendation.
There are thousands of investments available for people to choose from, but the number one most important thing to ask yourself when making an investment choice is – when am I going to need to spend this money? If you know that you may need to spend a certain amount of your savings in the short term, then it is not appropriate to invest that money in something with a long investment cycle. Similarly, if you know that you may never spend a portion of your savings, but rather pass it on to the beneficiaries of your estate, then perhaps investing in something with a historically longer investment cycle and potential higher return may be appropriate.