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Rainy Days, Sunny Savings: Unit trusts to the rescue!

Rainy Days, Sunny Savings: Unit trusts to the rescue!

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Are you new to investing and want to save for unexpected expenses? Unit trusts can be a great way to do it. In this article, we'll explain why unit trusts are a smart choice and how Nedgroup Investments can help you reach your financial goals.

Why use unit trusts for your emergency fund?

Here are some reasons why unit trusts can be a good option:

  • Diversification: Instead of putting all your money in one place, unit trusts spread it out in different ways. This can help protect your money from going up and down too much.
  • Expert help: You don't need to be a financial expert. Our fund managers will manage your money for you, making sure it grows while being careful about risks.
  • Easy access: If you ever need your money in a hurry, you can usually get it within a few days. This is important for unexpected expenses.
  • Possible growth: While your emergency fund's main job is to be safe, unit trusts can also help your money grow over time, which is better than a regular savings account.

How to use unit trusts for your emergency fund

If you want to use unit trusts for your emergency fund, follow these steps:

  • Know your risk: Think about how comfortable you are with your money going up and down. Don't invest more than you can afford to lose.
  • Choose wisely: Pick a unit trust that matches your comfort level with risk.
  • Add money regularly: Try to put money into your unit trust fund on a regular basis to build up your emergency fund.
  • Keep an eye on it: Check how your unit trust is doing from time to time and make changes if needed.

Nedgroup Investments is here to help you on your investing journey. With us, you can feel confident about managing your investments and working toward your financial goals.