When preparing for a long term round-the-world trip one thing you should get in order before you travel is your finances. While we automatically think to get the right credit cards with the lowest fees and one that can earn frequent flyer miles, what about long term financial issues?
While managing your investments are easy enough while you are sitting in an office job and have time to monitor your stocks and investment portfolios, what about when you are on the move for a longer period of time.
Rather than having to worry about logging in and managing your various investment portfolios, there is one investment site that lets you do it on one site; the online investment website nutmeg.com.
Nutmeg is a website where you can invest your money in a fund or open a stocks and shares account. It will help you grow your investment on autopilot while you get worry about your travels. Nutmeg was opened in 2011 and it claimed to be a new way to invest your money. The company embraces change and its online platform and GUI is very suitable for everyone regardless of their age or gender. Well-known economists, shareholders, and millionaires invested in this website because they saw the growth that would accompany it.
Nutmeg supports several types of accounts such as ISA, non-ISA, and pension accounts. It offers some very useful features as well. These features include the ability to select the risk level you want your money to be; the higher the risk, the higher the profit would be, but also the higher the risk that your money value will drop. Fees are relatively small, ranging from 1% for less than $25,000 invested to 0.3% to more than $25,000 invested. The way that Nutmeg works is simple and easy.
According to the type of investment you will make, a risk level will be recommended for you. The risk level ranges from 1, being the lowest, to 10, being the highest. You can choose whichever you want, but you must be careful. For pensions, it is recommended a low risk; for professionals, a higher one. For travellers, it is recommended a medium level risk. Nutmeg is highly efficient for travellers because it is ideal for long-term passive investors. No need to worry about logging to manage your investments while you are sitting on the beach or trekking through a remote jungle somewhere out of 3G contact.
Even if you are not planning to travel for sometime, Nutmeg makes the ideal savings platform where you can watch your travel fund grow while you work towards your goal of that long term trip.
If you are a traveller and want to spend your time that you have on earth seeing the beauties this world has to offer without worrying about your money, then read more about Nutmeg.com here.