Sunday, 18 November 2012
New Approach to Investing Gives Alternative To Bank Savings
In the UK, Some businesses are getting creative in order to serve the needs of customers that are not being served at the major banks. In Manchester, a new store is opening at the beginning of October, that will offer consumers the opportunity to make tangible investments; that will include diamonds, investment properties and even gold bullion. This development comes at a time when the mistrust of the UK banking system continues to remain high in the country and people are seeking other ways to generate profit on their investments. Banks are notorious for generating low returns and the new business is hoping to offer investment opportunities that will deliver much higher returns over time giving the banks a run for their money. Or as in this particular case, an investor’s money.
There is a serious mistrust of the banking system in the UK at the moment and we've found that people want to put their savings in to something tangible rather than leaving it in an account that generates little to no return or putting in to stocks and shares which can be risky. This new opportunity allows people to make an investment in tangible, hard assets such as gold, property and diamond investments. These sort of alternatives to common investments have historically outperformed most other assets and they actually exist, which gives investors peace of mind. Furthermore, the innovative approach looks to provide customers with a more hands on experience when it comes to investing their hard-earned money and hopes that a brick-and-mortar presence will entice investment-seekers to come in and discover the possibilities for their money’s future.
New businesses such as this are going to continue to spring up all over the market, providing alternatives for confused investors when it comes time for them to decide, where they want to entrust their life savings. The recent banking scandals that have driven many international markets into recession, have encouraged more competition in the banks and inspired more investment opportunities. This new venture is a perfect example of how the free-enterprise market works, to provide consumers with viable investing options and let them decide what is best for them. Some say the banks are getting what they deserve. It is called healthy competition.